Team (NYSE:TISI) Cut to “Buy” at StockNews.com

StockNews.com downgraded shares of Team (NYSE:TISI) from a strong-buy rating to a buy rating in a report issued on Sunday.

Team Stock Performance

Team stock opened at $16.20 on Friday. The company has a 50 day moving average price of $16.32 and a 200-day moving average price of $16.59. The company has a debt-to-equity ratio of 17.55, a quick ratio of 1.57 and a current ratio of 1.80. Team has a fifty-two week low of $5.05 and a fifty-two week high of $26.77. The company has a market capitalization of $72.65 million, a PE ratio of -1.32 and a beta of 1.85.

Hedge Funds Weigh In On Team

Several institutional investors and hedge funds have recently bought and sold shares of TISI. Geode Capital Management LLC grew its holdings in shares of Team by 10.3% during the third quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after buying an additional 3,973 shares during the last quarter. Barclays PLC grew its holdings in shares of Team by 7.3% during the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after buying an additional 18,733 shares during the last quarter. Northern Trust Corp grew its holdings in shares of Team by 52.6% during the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock valued at $456,000 after buying an additional 12,400 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in shares of Team during the fourth quarter valued at $140,000. Finally, JPMorgan Chase & Co. grew its holdings in shares of Team by 11,511.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock valued at $25,000 after buying an additional 1,957 shares during the last quarter. 46.57% of the stock is owned by hedge funds and other institutional investors.

About Team

Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.