Russell Investments Group Ltd. bought a new stake in shares of Team, Inc. (NYSE:TISI) during the fourth quarter, Holdings Channel reports. The firm bought 66,655 shares of the company’s stock, valued at approximately $2,563,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada raised its position in shares of Team by 47.8% in the second quarter. Royal Bank of Canada now owns 527,690 shares of the company’s stock valued at $13,102,000 after buying an additional 170,618 shares in the last quarter. Capstone Asset Management Co. raised its position in shares of Team by 1.4% in the third quarter. Capstone Asset Management Co. now owns 8,690 shares of the company’s stock valued at $284,000 after buying an additional 120 shares in the last quarter. Northpointe Capital LLC raised its position in shares of Team by 35.0% in the third quarter. Northpointe Capital LLC now owns 533,166 shares of the company’s stock valued at $17,440,000 after buying an additional 138,216 shares in the last quarter. Stoneridge Investment Partners LLC acquired a new position in shares of Team during the third quarter valued at about $1,664,000. Finally, Victory Capital Management Inc. raised its position in shares of Team by 43.9% in the third quarter. Victory Capital Management Inc. now owns 1,342,529 shares of the company’s stock valued at $43,914,000 after buying an additional 409,512 shares in the last quarter. 97.74% of the stock is currently owned by institutional investors.
Team, Inc. (NYSE:TISI) opened at 24.05 on Tuesday. Team, Inc. has a one year low of $23.53 and a one year high of $39.70. The firm’s market capitalization is $710.89 million. The stock has a 50 day moving average price of $31.67 and a 200-day moving average price of $33.27.
Team (NYSE:TISI) last released its quarterly earnings results on Tuesday, March 7th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.44 by $0.36. Team had a return on equity of 4.98% and a net margin of 0.71%. On average, analysts predict that Team, Inc. will post $1.26 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research lowered Team from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 14th.
Team Company Profile
Team, Inc is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. The Company conducts its operations through three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.
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