Dimensional Fund Advisors LP lifted its position in Team, Inc. (NYSE:TISI) by 3.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,961,390 shares of the business services provider’s stock after acquiring an additional 61,400 shares during the period. Dimensional Fund Advisors LP owned approximately 6.56% of Team worth $26,185,000 at the end of the most recent quarter.
Several other large investors have also recently made changes to their positions in the stock. BNP Paribas Arbitrage SA raised its holdings in Team by 57.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 9,482 shares of the business services provider’s stock worth $222,000 after buying an additional 3,469 shares during the period. 1st Global Advisors Inc. acquired a new stake in Team during the 2nd quarter worth approximately $236,000. Municipal Employees Retirement System of Michigan raised its holdings in Team by 60.8% during the 3rd quarter. Municipal Employees Retirement System of Michigan now owns 11,190 shares of the business services provider’s stock worth $149,000 after buying an additional 4,230 shares during the period. First Trust Advisors LP acquired a new stake in Team during the 2nd quarter worth approximately $263,000. Finally, Fox Run Management L.L.C. acquired a new stake in Team during the 3rd quarter worth approximately $154,000. Institutional investors and hedge funds own 96.88% of the company’s stock.
In other news, Director Jeffery Gerald Davis bought 3,829 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was acquired at an average cost of $13.75 per share, with a total value of $52,648.75. Following the completion of the purchase, the director now owns 21,398 shares of the company’s stock, valued at $294,222.50. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 4.10% of the stock is currently owned by company insiders.
Team, Inc. (NYSE:TISI) traded up $0.80 during trading hours on Friday, hitting $17.20. 693,097 shares of the company traded hands, compared to its average volume of 501,967. Team, Inc. has a twelve month low of $10.45 and a twelve month high of $35.15. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.68 and a quick ratio of 2.32.
TISI has been the topic of several research analyst reports. BidaskClub downgraded shares of Team from a “sell” rating to a “strong sell” rating in a report on Wednesday, October 18th. Johnson Rice upgraded shares of Team from a “hold” rating to an “accumulate” rating in a report on Wednesday, November 8th. Zacks Investment Research downgraded shares of Team from a “hold” rating to a “sell” rating in a report on Thursday, November 16th. Stephens raised shares of Team from an “equal weight” rating to an “overweight” rating in a research note on Monday, January 22nd. Finally, KeyCorp raised their price target on shares of Team to $19.00 and gave the stock an “overweight” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $20.67.
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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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