Century Capital Management LLC Reduces Position in Team, Inc. (TISI)

Century Capital Management LLC reduced its stake in shares of Team, Inc. (NYSE:TISI) by 59.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 20,778 shares of the business services provider’s stock after selling 30,339 shares during the period. Century Capital Management LLC’s holdings in Team were worth $562,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the stock. Louisiana State Employees Retirement System boosted its position in Team by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 12,000 shares of the business services provider’s stock valued at $325,000 after buying an additional 100 shares during the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in Team by 7.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,550 shares of the business services provider’s stock worth $214,000 after buying an additional 430 shares in the last quarter. Bridge Creek Capital Management LLC boosted its stake in Team by 2.5% in the first quarter. Bridge Creek Capital Management LLC now owns 39,770 shares of the business services provider’s stock worth $1,076,000 after buying an additional 975 shares in the last quarter. Schafer Cullen Capital Management Inc. boosted its stake in Team by 12.8% in the third quarter. Schafer Cullen Capital Management Inc. now owns 10,550 shares of the business services provider’s stock worth $345,000 after buying an additional 1,195 shares in the last quarter. Finally, Comerica Bank boosted its stake in Team by 4.0% in the first quarter. Comerica Bank now owns 32,741 shares of the business services provider’s stock worth $940,000 after buying an additional 1,246 shares in the last quarter. Hedge funds and other institutional investors own 97.74% of the company’s stock.

Institutional Ownership by Quarter for Team (NYSE:TISI)

Team, Inc. (NYSE:TISI) traded up 1.87% during midday trading on Friday, hitting $24.55. The company had a trading volume of 308,607 shares. The company’s 50 day moving average is $26.42 and its 200 day moving average is $31.62. Team, Inc. has a 12-month low of $23.53 and a 12-month high of $39.70. The stock’s market cap is $731.93 million.

Team (NYSE:TISI) last released its quarterly earnings results on Tuesday, May 9th. The business services provider reported ($0.24) earnings per share for the quarter. The business had revenue of $286.55 million for the quarter, compared to the consensus estimate of $303.30 million. Team had a net margin of 0.71% and a return on equity of 4.98%. On average, equities analysts anticipate that Team, Inc. will post $0.61 EPS for the current fiscal year.

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Separately, Zacks Investment Research cut Team from a “hold” rating to a “strong sell” rating in a report on Friday.

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.

5 Day Chart for NYSE:TISI

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