Team, Inc. (NYSE:TISI) Sees Large Growth in Short Interest

Team, Inc. (NYSE:TISI) was the target of a significant growth in short interest in the month of September. As of September 15th, there was short interest totaling 52,660 shares, a growth of 179.0% from the August 31st total of 18,875 shares. Based on an average daily trading volume, of 43,842 shares, the short-interest ratio is presently 1.2 days. Approximately 1.3% of the company’s shares are short sold.

Team Price Performance

NYSE:TISI traded down $0.92 on Monday, hitting $28.14. 16,587 shares of the company’s stock were exchanged, compared to its average volume of 13,842. The firm has a 50-day moving average price of $22.74 and a 200-day moving average price of $18.65. The company has a market cap of $128.88 million, a P/E ratio of -2.99 and a beta of 1.14. Team has a 52 week low of $12.34 and a 52 week high of $29.57.

Team (NYSE:TISI) last posted its quarterly earnings results on Monday, August 10th. The business services provider reported ($1.73) earnings per share (EPS) for the quarter, topping the consensus estimate of ($5.94) by $4.21. The firm had revenue of $228.68 million for the quarter, compared to the consensus estimate of $208.88 million.

Insider Buying and Selling

In related news, Director Anthony R. Horton purchased 2,000 shares of Team stock in a transaction dated Monday, August 24th. The shares were acquired at an average cost of $22.90 per share, for a total transaction of $45,800.00. Following the transaction, the director directly owned 28,082 shares of the company’s stock, valued at approximately $643,077.80. This trade represents a 7.67% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Clinton Roeder acquired 9,000 shares of the firm’s stock in a transaction that occurred on Friday, August 21st. The shares were bought at an average cost of $22.89 per share, with a total value of $206,010.00. Following the completion of the purchase, the chief financial officer owned 9,000 shares of the company’s stock, valued at $206,010. This trade represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders acquired 23,500 shares of company stock worth $575,750. Insiders own 8.80% of the company’s stock.

Institutional Trading of Team

A hedge fund recently raised its position in Team stock. Dimensional Fund Advisors LP grew its position in shares of Team, Inc. (NYSE:TISI) by 6.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 14,952 shares of the business services provider’s stock after buying an additional 893 shares during the period. Dimensional Fund Advisors LP owned 0.33% of Team worth $238,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 46.57% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TISI shares. Wall Street Zen upgraded Team to a “hold” rating in a research report on Saturday, September 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Team in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the stock presently has an average rating of “Sell”.

More Team News

Here are the key news stories impacting Team this week:

• Positive Sentiment: Team’s latest reported quarter showed a better-than-expected performance: adjusted earnings were significantly above consensus estimates, while revenue also exceeded forecasts. This provides a supportive fundamental backdrop for the stock.
• Neutral Sentiment: A review comparing Team, Inc. (TISI) with CoreCivic evaluates the companies’ relative investment characteristics. Because it is an analytical comparison rather than a new corporate announcement, it offers limited incremental information about Team’s near-term business outlook. Critical Review: Team and CoreCivic
• Negative Sentiment: Investors may be taking profits after Team’s strong recent advance toward its 52-week high. The company remains loss-making on a reported price-to-earnings basis, so the stock may be particularly sensitive to valuation concerns and limited new catalysts.

Team Company Profile

Team, Inc is an industrial services company that provides inspection, maintenance, repair and engineering support for critical infrastructure and operating assets. Its customers include companies in the refining, petrochemical, chemical, power generation, pipeline, energy and other industrial sectors.

The company’s services include nondestructive testing and inspection, mechanical repair, heat treatment, engineering and reliability services, valve and bolting services, emissions monitoring and control, and support for plant turnarounds and maintenance projects.