Comerica Bank Has $1.09 Million Position in Team, Inc. (TISI)

Comerica Bank raised its position in Team, Inc. (NYSE:TISI) by 5.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 31,495 shares of the business services provider’s stock after buying an additional 1,722 shares during the period. Comerica Bank owned approximately 0.11% of Team worth $1,090,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Team by 43.9% in the third quarter. Victory Capital Management Inc. now owns 1,342,529 shares of the business services provider’s stock worth $43,914,000 after buying an additional 409,512 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Team by 34.5% in the fourth quarter. Frontier Capital Management Co. LLC now owns 801,461 shares of the business services provider’s stock worth $31,457,000 after buying an additional 205,720 shares in the last quarter. King Luther Capital Management Corp raised its position in shares of Team by 101.5% in the third quarter. King Luther Capital Management Corp now owns 363,235 shares of the business services provider’s stock worth $11,881,000 after buying an additional 182,980 shares in the last quarter. Northpointe Capital LLC raised its position in shares of Team by 35.0% in the third quarter. Northpointe Capital LLC now owns 533,166 shares of the business services provider’s stock valued at $17,440,000 after buying an additional 138,216 shares during the period. Finally, BlackRock Fund Advisors raised its position in shares of Team by 6.9% in the third quarter. BlackRock Fund Advisors now owns 2,086,745 shares of the business services provider’s stock valued at $68,257,000 after buying an additional 134,123 shares during the period. 97.74% of the stock is currently owned by institutional investors.

Shares of Team, Inc. (NYSE:TISI) traded down 0.94% during mid-day trading on Friday, hitting $26.30. The stock had a trading volume of 259,704 shares. Team, Inc. has a 52 week low of $23.53 and a 52 week high of $39.70. The stock has a 50-day moving average price of $26.44 and a 200 day moving average price of $32.37. The stock’s market cap is $783.74 million.

Team (NYSE:TISI) last issued its quarterly earnings data on Tuesday, March 7th. The business services provider reported $0.08 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.44 by $0.36. Team had a return on equity of 4.98% and a net margin of 0.71%. The firm had revenue of $319.83 million for the quarter, compared to the consensus estimate of $346.90 million. On average, equities analysts forecast that Team, Inc. will post $1.11 EPS for the current fiscal year.

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Separately, Zacks Investment Research lowered Team from a “hold” rating to a “strong sell” rating in a research report on Tuesday, March 14th.

Team Company 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.