Team, Inc. (NYSE:TISI) Stake Lessened by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC lessened its holdings in Team, Inc. (NYSE:TISI) by 3.8% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 221,980 shares of the business services provider’s stock after selling 8,733 shares during the period. Brandywine Global Investment Management LLC owned approximately 0.74% of Team worth $3,253,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TISI. Texas Permanent School Fund increased its position in Team by 4.2% during the fourth quarter. Texas Permanent School Fund now owns 19,679 shares of the business services provider’s stock valued at $288,000 after acquiring an additional 789 shares during the last quarter. PNC Financial Services Group Inc. increased its position in Team by 18.0% during the fourth quarter. PNC Financial Services Group Inc. now owns 8,120 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 1,238 shares during the last quarter. Alliancebernstein L.P. increased its position in Team by 9.3% during the third quarter. Alliancebernstein L.P. now owns 30,250 shares of the business services provider’s stock valued at $681,000 after acquiring an additional 2,570 shares during the last quarter. US Bancorp DE increased its position in Team by 32.4% during the third quarter. US Bancorp DE now owns 10,935 shares of the business services provider’s stock valued at $247,000 after acquiring an additional 2,679 shares during the last quarter. Finally, Arizona State Retirement System increased its position in Team by 6.3% during the fourth quarter. Arizona State Retirement System now owns 46,312 shares of the business services provider’s stock valued at $678,000 after acquiring an additional 2,761 shares during the last quarter.

A number of analysts have recently issued reports on TISI shares. TheStreet raised shares of Team from a “d+” rating to a “c-” rating in a research note on Monday, March 25th. Zacks Investment Research raised shares of Team from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Thursday, March 14th. ValuEngine raised shares of Team from a “hold” rating to a “buy” rating in a research note on Friday, March 15th. Finally, KeyCorp set a $23.00 target price on shares of Team and gave the company a “buy” rating in a research note on Tuesday, January 29th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $22.33.

Shares of TISI traded down $0.10 during trading hours on Monday, reaching $18.40. 97,666 shares of the company traded hands, compared to its average volume of 270,152. The firm has a market capitalization of $548.68 million, a P/E ratio of -23.59 and a beta of 1.60. Team, Inc. has a 12-month low of $13.90 and a 12-month high of $25.55. The company has a current ratio of 2.54, a quick ratio of 2.19 and a debt-to-equity ratio of 0.78.

Team (NYSE:TISI) last released its quarterly earnings data on Tuesday, March 12th. The business services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.08) by $0.62. Team had a negative net margin of 5.20% and a negative return on equity of 5.18%. The company had revenue of $309.80 million during the quarter, compared to analyst estimates of $316.80 million. Analysts predict that Team, Inc. will post 0.1 earnings per share for the current year.

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Team Profile

Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. It operates through three segments: Inspection and Heat Treating Group (IHT), Mechanical Services Group (MS), and Quest Integrity Group (Quest Integrity). The IHT segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, alternating current field measurement, and eddy current testing services.

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Institutional Ownership by Quarter for Team (NYSE:TISI)

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