Team, Inc. (NYSE:TISI) Shares Shorted: Short Interest Up 179.0% in September

Team, Inc. (NYSE:TISI) was the target of a significant increase in short interest in the month of September. As of September 15th, there was short interest totaling 52,660 shares, an increase of 179.0% from the August 31st total of 18,875 shares. Based on an average daily volume of 43,842 shares, the days-to-cover ratio is presently 1.2 days. Approximately 1.3% of the company’s stock are sold short.

Key Stories Impacting Team

Here are the key news stories impacting Team this week:

• Neutral Sentiment: A review comparing Team, Inc. (TISI) with CoreCivic may give investors additional context on the company’s investment profile, but the available headline does not indicate a specific change to Team’s outlook, financial results, or valuation. Critical Review: Team and CoreCivic
• Neutral Sentiment: The other listed articles concern unrelated companies, organizations, or securities and are not expected to affect TISI directly.

Insider Buying and Selling

In other Team news, CFO Clinton Roeder bought 9,000 shares of Team stock in a transaction on Friday, August 21st. The shares were bought at an average cost of $22.89 per share, for a total transaction of $206,010.00. Following the acquisition, the chief financial officer directly owned 9,000 shares in the company, valued at $206,010. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Anthony R. Horton purchased 2,000 shares of the firm’s stock in a transaction on Monday, August 24th. The stock was acquired at an average cost of $22.90 per share, with a total value of $45,800.00. Following the transaction, the director directly owned 28,082 shares in the company, valued at $643,077.80. This trade represents a 7.67% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased 23,500 shares of company stock valued at $575,750 in the last 90 days. Company insiders own 8.80% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its position in Team stock. Dimensional Fund Advisors LP increased its holdings in shares of Team, Inc. (NYSE:TISI) by 6.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 14,952 shares of the business services provider’s stock after purchasing an additional 893 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.33% of Team worth $238,000 at the end of the most recent quarter. 46.57% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Wall Street Zen upgraded Team to a “hold” rating in a report on Saturday, September 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Team in a report on Friday, July 17th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has an average rating of “Sell”.

Team Stock Down 2.9%

NYSE TISI opened at $28.22 on Tuesday. Team has a 52 week low of $12.34 and a 52 week high of $29.57. The firm has a 50 day moving average of $22.99 and a two-hundred day moving average of $18.75. The stock has a market capitalization of $129.25 million, a PE ratio of -3.00 and a beta of 1.14.

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

Team Company Profile

Team, Inc is an industrial services company that provides inspection, maintenance, repair and engineering support for critical infrastructure and operating assets. Its customers include companies in the refining, petrochemical, chemical, power generation, pipeline, energy and other industrial sectors.

The company’s services include nondestructive testing and inspection, mechanical repair, heat treatment, engineering and reliability services, valve and bolting services, emissions monitoring and control, and support for plant turnarounds and maintenance projects.