Anthony Horton Purchases 2,000 Shares of Team (NYSE:TISI) Stock

Team, Inc. (NYSE:TISI) Director Anthony Horton purchased 2,000 shares of the business’s stock in a transaction on Tuesday, August 18th. The shares were purchased at an average cost of $22.71 per share, for a total transaction of $45,420.00. Following the transaction, the director directly owned 24,082 shares of the company’s stock, valued at approximately $546,902.22. The trade was a 9.06% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Team Trading Down 0.6%

Shares of Team stock opened at $22.67 on Friday. The business has a 50-day moving average price of $17.98 and a two-hundred day moving average price of $16.50. Team, Inc. has a 1-year low of $12.34 and a 1-year high of $24.44. The company has a market cap of $103.83 million, a P/E ratio of -2.41 and a beta of 1.04.

Team (NYSE:TISI) last announced its quarterly earnings data on Monday, August 10th. The business services provider reported ($1.73) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($5.94) by $4.21. The business had revenue of $228.68 million during the quarter, compared to analyst estimates of $208.88 million.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Team in a report on Friday, July 17th. One analyst has rated the stock with a Sell rating, According to MarketBeat.com, Team currently has an average rating of “Sell”.

Hedge Funds Weigh In On Team

A number of large investors have recently modified their holdings of TISI. DRW Securities LLC acquired a new stake in Team in the 4th quarter valued at $168,000. Dimensional Fund Advisors LP raised its holdings in Team by 6.4% during the first quarter. Dimensional Fund Advisors LP now owns 14,952 shares of the business services provider’s stock worth $238,000 after buying an additional 893 shares during the last quarter. Susquehanna International Group LLP raised its holdings in Team by 5.1% during the third quarter. Susquehanna International Group LLP now owns 17,263 shares of the business services provider’s stock worth $286,000 after buying an additional 834 shares during the last quarter. DG Capital Management LLC bought a new position in shares of Team in the fourth quarter valued at $913,000. Finally, Manatuck Hill Partners LLC lifted its stake in shares of Team by 16.1% in the second quarter. Manatuck Hill Partners LLC now owns 72,075 shares of the business services provider’s stock valued at $1,312,000 after buying an additional 10,000 shares in the last quarter. 46.57% of the stock is currently owned by institutional investors.

Trending Headlines about Team

Here are the key news stories impacting Team this week:

• Positive Sentiment: Director Anthony R. Horton purchased 2,000 shares at an average price of $22.71, investing $45,420 and increasing his direct ownership by 9.06%. The open-market purchase may signal confidence in Team’s valuation and outlook. SEC insider transaction filing
• Positive Sentiment: Director Evan Lederman also bought 500 shares at $23.00, increasing his position by 7.6%. Two recent insider purchases could provide support for the shares by indicating that directors view the stock as attractive near current levels. Insider buying report
• Positive Sentiment: Team’s latest quarterly results were better than expected. The company reported a loss of $1.73 per share versus the anticipated loss of $5.94, while revenue of $228.68 million exceeded the $208.88 million consensus estimate. The earnings and revenue beats suggest stronger-than-expected execution, although they do not yet represent profitability.
• Neutral Sentiment: Institutional investors and hedge funds own approximately 46.6% of Team’s shares, and several reported modest increases in their holdings. This indicates ongoing institutional interest but does not constitute a new catalyst in the supplied news.
• Negative Sentiment: Team remains unprofitable, with a negative P/E ratio, and Weiss Ratings reaffirmed a “Sell” rating. MarketBeat reports an overall “Sell” consensus from analysts, which could weigh on the stock as investors assess whether the quarterly improvement can continue.
• Negative Sentiment: Because shares are trading near the 12-month high, some investors may be taking profits or requiring stronger evidence of sustained earnings improvement before bidding the stock higher.

About Team

Team, Inc (NYSE:TISI) designs, engineers and manufactures industrial screen printing and digital printing equipment for a variety of end markets. The company’s solutions are used primarily in textile decorating, apparel, signage and graphics, and specialty industrial applications. By combining precision mechanical design with automated controls, Team delivers systems that enhance production speed, print quality and repeatability for its customers.

Team’s product portfolio includes manual and automatic screen presses, inkjet UV LED curing systems, digital direct-to-garment printers and hybrid platforms that integrate multiple printing technologies.