Team, Inc. (NYSE:TISI) Short Interest Down 15.4% in March

Team, Inc. (NYSE:TISI) saw a significant drop in short interest during the month of March. As of March 15th, there was short interest totalling 24,700 shares, a drop of 15.4% from the February 28th total of 29,200 shares. Approximately 0.6% of the company’s shares are sold short. Based on an average daily trading volume, of 15,300 shares, the days-to-cover ratio is currently 1.6 days.

Institutional Investors Weigh In On Team

Hedge funds have recently made changes to their positions in the company. Barclays PLC raised its holdings in shares of Team by 7.3% in the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after acquiring an additional 18,733 shares in the last quarter. Northern Trust Corp raised its holdings in shares of Team by 52.6% in the 4th quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock valued at $456,000 after purchasing an additional 12,400 shares in the last quarter. Manatuck Hill Partners LLC lifted its position in shares of Team by 23.0% in the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock worth $787,000 after purchasing an additional 11,625 shares during the period. Dimensional Fund Advisors LP purchased a new stake in shares of Team in the 4th quarter worth approximately $140,000. Finally, Geode Capital Management LLC boosted its stake in shares of Team by 10.3% during the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after purchasing an additional 3,973 shares in the last quarter. 46.57% of the stock is currently owned by hedge funds and other institutional investors.

Team Trading Up 2.8 %

Shares of NYSE:TISI traded up $0.49 on Thursday, hitting $18.25. 22,824 shares of the company’s stock were exchanged, compared to its average volume of 19,450. The stock has a market capitalization of $82.00 million, a price-to-earnings ratio of -1.49 and a beta of 1.91. Team has a 12 month low of $5.97 and a 12 month high of $26.77. The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. The business’s 50 day simple moving average is $16.49 and its two-hundred day simple moving average is $16.85.

Team (NYSE:TISI) last announced its quarterly earnings data on Wednesday, March 19th. The business services provider reported ($0.82) earnings per share for the quarter. The company had revenue of $213.30 million for the quarter. Team had a negative net margin of 6.35% and a negative return on equity of 152.34%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Team from a “buy” rating to a “strong-buy” rating in a research note on Monday, March 24th.

Team Company Profile

Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.