Team, Inc. (NYSE:TISI – Get Free Report) shot up 2.7% during mid-day trading on Wednesday . The company traded as high as $15.65 and last traded at $15.37. 5,646 shares changed hands during mid-day trading, a decline of 70% from the average session volume of 19,108 shares. The stock had previously closed at $14.97.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Team from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 20th.
Check Out Our Latest Report on Team
Team Stock Performance
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of TISI. Renaissance Technologies LLC acquired a new position in shares of Team during the 2nd quarter worth about $118,000. Geode Capital Management LLC lifted its position in shares of Team by 10.3% in the 3rd quarter. Geode Capital Management LLC now owns 42,438 shares of the business services provider’s stock worth $647,000 after acquiring an additional 3,973 shares during the period. Finally, Barclays PLC raised its stake in shares of Team by 7.3% in the third quarter. Barclays PLC now owns 274,706 shares of the business services provider’s stock valued at $4,189,000 after purchasing an additional 18,733 shares in the last quarter. Hedge funds and other institutional investors 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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