Texas Permanent School Fund Has $578,000 Stake in Team, Inc. (TISI)

Texas Permanent School Fund lowered its stake in shares of Team, Inc. (NYSE:TISI) by 0.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 21,356 shares of the business services provider’s stock after selling 157 shares during the period. Texas Permanent School Fund’s holdings in Team were worth $578,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in TISI. Sei Investments Co. increased its stake in shares of Team by 260.6% in the first quarter. Sei Investments Co. now owns 25,393 shares of the business services provider’s stock valued at $686,000 after buying an additional 18,352 shares in the last quarter. Haverford Trust Co. acquired a new stake in shares of Team during the first quarter valued at about $707,000. Gabelli Funds LLC increased its stake in shares of Team by 1.0% in the first quarter. Gabelli Funds LLC now owns 175,720 shares of the business services provider’s stock valued at $4,753,000 after buying an additional 1,720 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of Team by 24.5% in the first quarter. Gamco Investors INC. ET AL now owns 400,221 shares of the business services provider’s stock valued at $10,826,000 after buying an additional 78,701 shares in the last quarter. Finally, Teton Advisors Inc. increased its stake in shares of Team by 55.2% in the first quarter. Teton Advisors Inc. now owns 173,800 shares of the business services provider’s stock valued at $4,701,000 after buying an additional 61,800 shares in the last quarter. 96.57% of the stock is owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Team (NYSE:TISI)

Shares of Team, Inc. (TISI) opened at 25.20 on Friday. The stock’s 50 day moving average price is $25.72 and its 200-day moving average price is $30.28. The firm’s market cap is $751.31 million. Team, Inc. has a 12-month low of $23.53 and a 12-month high of $39.70.

Team (NYSE:TISI) last posted its quarterly earnings results on Tuesday, May 9th. The business services provider reported ($0.24) earnings per share for the quarter. The firm had revenue of $286.55 million for the quarter, compared to the consensus estimate of $303.30 million. Team had a positive return on equity of 1.02% and a negative net margin of 1.28%. On average, analysts predict that Team, Inc. will post $0.53 earnings per share for the current fiscal year.

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Several equities research analysts have issued reports on the company. ValuEngine downgraded Team from a “hold” rating to a “sell” rating in a report on Friday, June 2nd. Zacks Investment Research downgraded Team from a “hold” rating to a “strong sell” rating in a report on Friday, May 19th.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “TISI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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