Tocqueville Asset Management L.P. decreased its position in shares of Team, Inc. (NYSE:TISI) by 13.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 343,500 shares of the business services provider’s stock after selling 55,250 shares during the quarter. Tocqueville Asset Management L.P. owned approximately 1.14% of Team worth $7,729,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently made changes to their positions in TISI. Advisors Preferred LLC acquired a new position in shares of Team during the 2nd quarter valued at about $141,000. Piedmont Investment Advisors LLC purchased a new stake in Team in the 2nd quarter valued at about $161,000. Bank of Montreal Can purchased a new stake in Team in the 2nd quarter valued at about $237,000. SG Americas Securities LLC purchased a new stake in Team in the 2nd quarter valued at about $239,000. Finally, US Bancorp DE raised its holdings in Team by 32.4% in the 3rd quarter. US Bancorp DE now owns 10,935 shares of the business services provider’s stock valued at $247,000 after buying an additional 2,679 shares during the period.
Several analysts recently issued reports on the stock. Johnson Rice lowered shares of Team from a “buy” rating to an “accumulate” rating and reduced their price objective for the company from $26.00 to $25.00 in a report on Thursday, November 8th. ValuEngine upgraded shares of Team from a “buy” rating to a “strong-buy” rating in a report on Thursday, November 1st. Zacks Investment Research lowered shares of Team from a “hold” rating to a “sell” rating in a report on Saturday, November 10th. Finally, KeyCorp boosted their price objective on shares of Team from $24.00 to $28.00 and gave the company an “overweight” rating in a report on Friday, August 10th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $26.50.
Team (NYSE:TISI) last issued its quarterly earnings data on Monday, November 5th. The business services provider reported ($0.56) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.31) by ($0.25). The company had revenue of $290.86 million during the quarter, compared to analysts’ expectations of $307.10 million. Team had a negative net margin of 5.84% and a negative return on equity of 5.97%. Analysts expect that Team, Inc. will post -1.4 earnings per share for the current year.
ILLEGAL ACTIVITY NOTICE: This report was first published by BBNS and is the property of of BBNS. If you are viewing this report on another domain, it was illegally copied and reposted in violation of United States & international copyright legislation. The legal version of this report can be viewed at https://baseballnewssource.com/2018/12/08/tocqueville-asset-management-l-p-sells-55250-shares-of-team-inc-tisi/3065387.html.
Team, Inc provides specialty industrial services in the United States, Canada, Europe, and internationally. The company operates through three segments: TeamQualspec Group (TeamQualspec), TeamFurmanite Group (TeamFurmanite), and Quest Integrity. The TeamQualspec segment offers non-destructive evaluation and testing, radiographic testing, ultrasonic testing, magnetic particle inspection, liquid penetrant inspection, positive material identification, electromagnetic testing, eddy current testing, and alternating current field measurement services.
Read More: Marijuana Stocks Investing Considerations
Want to see what other hedge funds are holding TISI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Team, Inc. (NYSE:TISI).
Receive News & Ratings for Team Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Team and related companies with MarketBeat.com's FREE daily email newsletter.