Tocqueville Asset Management L.P. Buys 309,850 Shares of Team, Inc. (TISI)

Tocqueville Asset Management L.P. boosted its holdings in shares of Team, Inc. (NYSE:TISI) by 86.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 668,918 shares of the business services provider’s stock after buying an additional 309,850 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 2.24% of Team worth $8,930,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in TISI. BlackRock Inc. increased its position in Team by 121,178.7% during the first quarter. BlackRock Inc. now owns 3,643,211 shares of the business services provider’s stock worth $98,549,000 after buying an additional 3,640,207 shares during the last quarter. Chartwell Investment Partners LLC increased its position in Team by 167.3% during the second quarter. Chartwell Investment Partners LLC now owns 872,050 shares of the business services provider’s stock worth $20,450,000 after buying an additional 545,805 shares during the last quarter. Dimensional Fund Advisors LP increased its position in Team by 24.9% during the second quarter. Dimensional Fund Advisors LP now owns 1,899,990 shares of the business services provider’s stock worth $44,555,000 after buying an additional 378,375 shares during the last quarter. Brandywine Global Investment Management LLC acquired a new position in Team during the second quarter worth approximately $7,830,000. Finally, Royce & Associates LP increased its position in Team by 32.7% during the second quarter. Royce & Associates LP now owns 884,871 shares of the business services provider’s stock worth $20,750,000 after buying an additional 218,220 shares during the last quarter. 96.90% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director Louis A. Waters purchased 17,500 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was acquired at an average cost of $11.40 per share, for a total transaction of $199,500.00. Following the completion of the purchase, the director now owns 160,580 shares in the company, valued at approximately $1,830,612. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Louis A. Waters purchased 12,500 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was bought at an average price of $11.40 per share, with a total value of $142,500.00. Following the completion of the purchase, the director now owns 160,580 shares of the company’s stock, valued at approximately $1,830,612. The disclosure for this purchase can be found here. In the last 90 days, insiders have bought 31,000 shares of company stock valued at $353,330. Corporate insiders own 2.90% of the company’s stock.

TRADEMARK VIOLATION NOTICE: This article was first published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are reading this article on another website, it was stolen and reposted in violation of United States & international copyright legislation. The correct version of this article can be read at https://ledgergazette.com/2017/11/13/team-inc-tisi-holdings-raised-by-tocqueville-asset-management-l-p.html.

Shares of Team, Inc. (NYSE TISI) traded up $0.15 during trading hours on Monday, hitting $13.90. The stock had a trading volume of 544,500 shares, compared to its average volume of 487,517. Team, Inc. has a 12 month low of $10.45 and a 12 month high of $39.70. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.68 and a quick ratio of 2.32.

A number of equities analysts have weighed in on TISI shares. Stephens downgraded Team from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $34.00 to $19.00 in a research report on Tuesday, July 25th. Zacks Investment Research raised Team from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 18th. Johnson Rice downgraded Team from a “buy” rating to a “hold” rating and lowered their price target for the stock from $36.00 to $26.00 in a research report on Tuesday, July 25th. BidaskClub raised Team from a “strong sell” rating to a “sell” rating in a research report on Friday, August 25th. Finally, TheStreet downgraded Team from a “c-” rating to a “d+” rating in a research report on Tuesday, July 25th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $22.50.

Team 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.

Institutional Ownership by Quarter for Team (NYSE:TISI)

Receive News & Ratings for Team Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Team Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply