Corre Partners Management, Llc Purchases 5,856 Shares of Team, Inc. (NYSE:TISI) Stock

Team, Inc. (NYSE:TISI) major shareholder Corre Partners Management, Llc acquired 5,856 shares of the company’s stock in a transaction on Tuesday, June 3rd. The stock was acquired at an average price of $19.07 per share, with a total value of $111,673.92. Following the acquisition, the insider now owns 1,566,989 shares in the company, valued at approximately $29,882,480.23. This trade represents a 0.38% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Corre Partners Management, Llc also recently made the following trade(s):

• On Wednesday, June 4th, Corre Partners Management, Llc purchased 2,311 shares of Team stock. The stock was acquired at an average cost of $19.02 per share, with a total value of $43,955.22.
• On Monday, June 2nd, Corre Partners Management, Llc purchased 1,613 shares of Team stock. The stock was acquired at an average cost of $17.91 per share, with a total value of $28,888.83.

Team Stock Performance

Shares of TISI opened at $19.05 on Friday. The company has a debt-to-equity ratio of 17.55, a current ratio of 1.80 and a quick ratio of 1.57. Team, Inc. has a one year low of $7.56 and a one year high of $26.77. The company has a 50-day simple moving average of $20.65 and a two-hundred day simple moving average of $17.61. The firm has a market capitalization of $85.59 million, a PE ratio of -1.55 and a beta of 1.77.

Team (NYSE:TISI) last issued its quarterly earnings data on Monday, May 12th. The business services provider reported ($3.31) EPS for the quarter. The company had revenue of $198.66 million during the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%.

Hedge Funds Weigh In On Team

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Barclays PLC lifted its position in Team by 7.3% during the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after buying an additional 18,733 shares during the period. Manatuck Hill Partners LLC lifted its position in Team by 23.0% during the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock valued at $787,000 after acquiring an additional 11,625 shares during the period. AMH Equity Ltd lifted its holdings in shares of Team by 4.1% during the first quarter. AMH Equity Ltd now owns 46,307 shares of the business services provider’s stock valued at $784,000 after purchasing an additional 1,807 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Team by 4.8% during the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock valued at $564,000 after purchasing an additional 2,033 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Team by 52.6% during the fourth 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 during the last quarter. Hedge funds and other institutional investors own 46.57% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Team from a “strong-buy” rating to a “hold” rating in a research report on Thursday, May 22nd.

About Team

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.