Pacific Global Investment Management Co Lowers stake in Team (TISI)

Team (TISI) : Pacific Global Investment Management Co reduced its stake in Team by 11.43% during the most recent quarter end. The investment management company now holds a total of 305,337 shares of Team which is valued at $9,761,624 after selling 39,418 shares in Team , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Team makes up approximately 2.18% of Pacific Global Investment Management Co’s portfolio.

Other Hedge Funds, Including , Geode Capital Management reduced its stake in TISI by selling 5,662 shares or 2.84% in the most recent quarter. The Hedge Fund company now holds 193,513 shares of TISI which is valued at $6,186,611.Credit Suisse Ag boosted its stake in TISI in the latest quarter, The investment management firm added 15,244 additional shares and now holds a total of 28,900 shares of Team which is valued at $923,933.Blackrock Investment Management boosted its stake in TISI in the latest quarter, The investment management firm added 19,227 additional shares and now holds a total of 125,714 shares of Team which is valued at $4,019,077.Keybank National Associationoh boosted its stake in TISI in the latest quarter, The investment management firm added 12,000 additional shares and now holds a total of 29,600 shares of Team which is valued at $946,312. Team makes up approx 0.01% of Keybank National Associationoh’s portfolio.Brown Advisory Inc reduced its stake in TISI by selling 227,794 shares or 52.3% in the most recent quarter. The Hedge Fund company now holds 207,784 shares of TISI which is valued at $5,666,270. Team makes up approx 0.02% of Brown Advisory Inc’s portfolio.

Team closed down -0.02 points or -0.06% at $31.86 with 90,563 shares getting traded on Monday. Post opening the session at $31.93, the shares hit an intraday low of $31.75 and an intraday high of $32.12 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Team reported $0.69 EPS for the quarter, missing the analyst consensus estimate by $ -0.13 based on the information available during the earnings call on Jan 11, 2016. Analyst had a consensus of $0.82. The company had revenue of $280.90 million for the quarter, compared to analysts expectations of $291.89 million. The company’s revenue was up 16.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.80 EPS.

Team Inc. (Team) provides specialty industrial services including inspection and assessment required in maintaining high temperature and high pressure piping systems and vessels that are utilized in the refining petrochemical power pipeline and other heavy industries. The Company conducts its operations in three segments: Inspection and Heat Treating Services (IHT) Group Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group. Its services fall into three different classifications: inspection and assessment services turnaround services and on-stream services. The Company’s industrial services are marketed by its personnel based at its service locations. IHT offers both inspection services and heat treating services which are generally associated with turnaround or project activities. MS offers both on-stream services and turnaround/project related services. Quest Integrity offers integrity management solutions to the energy industry.

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