Victory Capital Management Inc. Buys 14,206 Shares of Team, Inc. (TISI)

Victory Capital Management Inc. raised its stake in shares of Team, Inc. (NYSE:TISI) by 1.3% in the first quarter, Holdings Channel reports. The institutional investor owned 1,127,065 shares of the business services provider’s stock after buying an additional 14,206 shares during the quarter. Victory Capital Management Inc.’s holdings in Team were worth $19,724,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new position in Team during the first quarter valued at $72,000. Investors Research Corp purchased a new position in shares of Team in the first quarter worth $95,000. PNC Financial Services Group Inc. raised its stake in shares of Team by 18.0% in the fourth quarter. PNC Financial Services Group Inc. now owns 8,120 shares of the business services provider’s stock worth $119,000 after purchasing an additional 1,238 shares during the last quarter. Municipal Employees Retirement System of Michigan purchased a new position in shares of Team in the fourth quarter worth $127,000. Finally, Bank of Montreal Can raised its stake in shares of Team by 763.6% in the first quarter. Bank of Montreal Can now owns 7,341 shares of the business services provider’s stock worth $128,000 after purchasing an additional 6,491 shares during the last quarter.

Shares of TISI stock traded down $0.28 during mid-day trading on Monday, hitting $15.01. The company’s stock had a trading volume of 1,803 shares, compared to its average volume of 249,073. Team, Inc. has a 52-week low of $13.90 and a 52-week high of $25.55. The company has a debt-to-equity ratio of 0.94, a current ratio of 2.18 and a quick ratio of 1.86. The stock has a market capitalization of $462.49 million, a P/E ratio of -19.23 and a beta of 1.57.

Team (NYSE:TISI) last posted its quarterly earnings results on Tuesday, May 7th. The business services provider reported ($0.66) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.35) by ($0.31). Team had a negative return on equity of 5.75% and a negative net margin of 5.86%. The business had revenue of $269.60 million during the quarter, compared to analysts’ expectations of $294.20 million. As a group, analysts anticipate that Team, Inc. will post -0.12 earnings per share for the current year.

TISI has been the subject of several recent analyst reports. Zacks Investment Research cut Team from a “hold” rating to a “strong sell” rating in a research note on Friday, May 10th. TheStreet upgraded Team from a “d+” rating to a “c-” rating in a research note on Monday, March 25th. ValuEngine cut Team from a “buy” rating to a “hold” rating in a research note on Thursday, April 25th. Finally, KeyCorp set a $23.00 price target on Team and gave the stock a “buy” rating in a research note on Tuesday, January 29th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $22.33.

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About Team

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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