Team, Inc. (NYSE:TISI – Get Free Report) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $16.82 and traded as high as $17.53. Team shares last traded at $16.86, with a volume of 38,614 shares.
Wall Street Analyst Weigh In
Separately, StockNews.com cut Team from a “strong-buy” rating to a “buy” rating in a research report on Sunday, March 2nd.
Get Our Latest Research Report on TISI
Team Stock Up 19.7 %
Institutional Trading of Team
Institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Team by 11,511.8% in the 4th 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 in the last quarter. Dimensional Fund Advisors LP acquired a new position in Team in the 4th quarter valued at $140,000. Northern Trust Corp lifted its stake in shares of Team by 52.6% in the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock worth $456,000 after buying an additional 12,400 shares in the last quarter. Geode Capital Management LLC grew its stake in Team by 10.3% during the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock valued at $647,000 after acquiring an additional 3,973 shares in the last quarter. Finally, Manatuck Hill Partners LLC lifted its stake in Team by 23.0% in the 4th quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock worth $787,000 after purchasing an additional 11,625 shares in the last quarter. Institutional investors and hedge funds own 46.57% of the company’s stock.
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.
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