Short Interest in Team, Inc. (NYSE:TISI) Decreases By 15.4%

Team, Inc. (NYSE:TISI) saw a significant decrease in short interest in the month of March. As of March 15th, there was short interest totalling 24,700 shares, a decrease of 15.4% from the February 28th total of 29,200 shares. Approximately 0.6% of the company’s shares are short sold. Based on an average daily trading volume, of 15,300 shares, the days-to-cover ratio is presently 1.6 days.

Institutional Trading of Team

Several institutional investors and hedge funds have recently modified their holdings of the stock. JPMorgan Chase & Co. boosted its holdings in shares of Team by 11,511.8% in the 4th quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock worth $25,000 after buying an additional 1,957 shares during the last quarter. Dimensional Fund Advisors LP purchased a new stake in Team in the 4th quarter worth approximately $140,000. Northern Trust Corp raised its position 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 boosted its stake in 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 period. Finally, Manatuck Hill Partners LLC grew its position in Team by 23.0% during the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock worth $787,000 after buying an additional 11,625 shares in the last quarter. 46.57% of the stock is owned by hedge funds and other institutional investors.

Team Stock Down 0.6 %

Team stock opened at $16.88 on Tuesday. The company has a market capitalization of $75.82 million, a PE ratio of -1.37 and a beta of 1.91. Team has a 12-month low of $5.97 and a 12-month high of $26.77. The firm’s fifty day moving average is $16.53 and its 200 day moving average is $16.84. The company has a quick ratio of 1.57, a current ratio of 1.80 and a debt-to-equity ratio of 17.55.

Team (NYSE:TISI) last issued its earnings results on Wednesday, March 19th. The business services provider reported ($0.82) earnings per share (EPS) for the quarter. The firm had revenue of $213.30 million during the quarter. Team had a negative return on equity of 152.34% and a negative net margin of 6.35%.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Team from a “buy” rating to a “strong-buy” rating in a research report on Monday, March 24th.

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.