Verde Servicos Internacionais S.A. Acquires Shares of 65,000 Team, Inc. (TISI)

Verde Servicos Internacionais S.A. acquired a new stake in Team, Inc. (NYSE:TISI) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 65,000 shares of the business services provider’s stock, valued at approximately $867,000. Verde Servicos Internacionais S.A. owned approximately 0.22% of Team as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its holdings in Team by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the business services provider’s stock valued at $284,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its holdings in Team by 0.6% in the second quarter. Arizona State Retirement System now owns 15,500 shares of the business services provider’s stock valued at $363,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Team by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the business services provider’s stock valued at $163,000 after buying an additional 300 shares in the last quarter. Texas Permanent School Fund increased its holdings in Team by 1.9% in the second quarter. Texas Permanent School Fund now owns 21,768 shares of the business services provider’s stock valued at $510,000 after buying an additional 412 shares in the last quarter. Finally, Mason Street Advisors LLC increased its holdings in Team by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,897 shares of the business services provider’s stock valued at $187,000 after buying an additional 452 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

In related news, Director Louis A. Waters acquired 17,500 shares of Team stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of $11.40 per share, for a total transaction of $199,500.00. Following the completion of the purchase, the director now directly owns 160,580 shares of the company’s stock, valued at $1,830,612. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffery Gerald Davis acquired 5,000 shares of Team stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average price of $10.96 per share, with a total value of $54,800.00. Following the purchase, the director now directly owns 13,869 shares of the company’s stock, valued at $152,004.24. The disclosure for this purchase can be found here. Insiders purchased 36,000 shares of company stock valued at $408,130 in the last quarter. Company insiders own 4.10% of the company’s stock.

TISI has been the subject of a number of recent analyst reports. BidaskClub cut shares of Team from a “sell” rating to a “strong sell” rating in a report on Wednesday. TheStreet cut shares of Team from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. Stephens cut shares of Team from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $34.00 to $19.00 in a research note on Tuesday, July 25th. Johnson Rice cut shares of Team from a “buy” rating to a “hold” rating and cut their target price for the stock from $36.00 to $26.00 in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Team presently has a consensus rating of “Hold” and an average price target of $22.50.

Team, Inc. (TISI) traded up 0.82% during mid-day trading on Friday, hitting $12.35. 657,334 shares of the stock were exchanged. Team, Inc. has a one year low of $10.45 and a one year high of $39.70. The company’s market cap is $368.51 million. The company has a 50-day moving average price of $12.94 and a 200-day moving average price of $19.62.

Team (NYSE:TISI) last released its earnings results on Monday, August 7th. The business services provider reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.54). Team had a negative return on equity of 2.22% and a negative net margin of 2.83%. The firm had revenue of $312.26 million during the quarter, compared

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Louisiana State Employees Retirement System increased its holdings in Team by 0.8% in the second quarter. Louisiana State Employees Retirement System now owns 12,100 shares of the business services provider’s stock valued at $284,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its holdings in Team by 0.6% in the second quarter. Arizona State Retirement System now owns 15,500 shares of the business services provider’s stock valued at $363,000 after buying an additional 100 shares in the last quarter. Municipal Employees Retirement System of Michigan increased its holdings in Team by 4.5% in the second quarter. Municipal Employees Retirement System of Michigan now owns 6,960 shares of the business services provider’s stock valued at $163,000 after buying an additional 300 shares in the last quarter. Texas Permanent School Fund increased its holdings in Team by 1.9% in the second quarter. Texas Permanent School Fund now owns 21,768 shares of the business services provider’s stock valued at $510,000 after buying an additional 412 shares in the last quarter. Finally, Mason Street Advisors LLC increased its holdings in Team by 7.0% in the first quarter. Mason Street Advisors LLC now owns 6,897 shares of the business services provider’s stock valued at $187,000 after buying an additional 452 shares in the last quarter. 96.87% of the stock is owned by institutional investors.

In related news, Director Louis A. Waters acquired 17,500 shares of Team stock in a transaction that occurred on Wednesday, August 16th. The stock was purchased at an average price of $11.40 per share, for a total transaction of $199,500.00. Following the completion of the purchase, the director now directly owns 160,580 shares of the company’s stock, valued at $1,830,612. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Jeffery Gerald Davis acquired 5,000 shares of Team stock in a transaction that occurred on Thursday, August 10th. The stock was bought at an average price of $10.96 per share, with a total value of $54,800.00. Following the purchase, the director now directly owns 13,869 shares of the company’s stock, valued at $152,004.24. The disclosure for this purchase can be found here. Insiders purchased 36,000 shares of company stock valued at $408,130 in the last quarter. Company insiders own 4.10% of the company’s stock.

TISI has been the subject of a number of recent analyst reports. BidaskClub cut shares of Team from a “sell” rating to a “strong sell” rating in a report on Wednesday. TheStreet cut shares of Team from a “c-” rating to a “d+” rating in a research note on Tuesday, July 25th. Stephens cut shares of Team from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $34.00 to $19.00 in a research note on Tuesday, July 25th. Johnson Rice cut shares of Team from a “buy” rating to a “hold” rating and cut their target price for the stock from $36.00 to $26.00 in a research note on Tuesday, July 25th. Finally, Zacks Investment Research raised shares of Team from a “strong sell” rating to a “hold” rating in a research note on Wednesday, October 11th. Two analysts have rated the stock with a sell rating and three have assigned a hold rating to the company. Team presently has a consensus rating of “Hold” and an average price target of $22.50.

Team, Inc. (TISI) traded up 0.82% during mid-day trading on Friday, hitting $12.35. 657,334 shares of the stock were exchanged. Team, Inc. has a one year low of $10.45 and a one year high of $39.70. The company’s market cap is $368.51 million. The company has a 50-day moving average price of $12.94 and a 200-day moving average price of $19.62.

Team (NYSE:TISI) last released its earnings results on Monday, August 7th. The business services provider reported ($0.23) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.54). Team had a negative return on equity of 2.22% and a negative net margin of 2.83%. The firm had revenue of $312.26 million during the quarter, compared to analyst estimates of $309.60 million. Analysts forecast that Team, Inc. will post ($0.52) earnings per share for the current fiscal year.

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About Team

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.

Institutional Ownership by Quarter for Team (NYSE:TISI)

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