Insider Selling: Team Health Holdings CEO Sells 10,000 Shares of Stock (TMH)
Team Health Holdings (NYSE:TMH) CEO Greg Roth sold 10,000 shares of Team Health Holdings stock on the open market in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $36.83, for a total transaction of $368,300.00. Following the completion of the sale, the chief executive officer now directly owns 164,319 shares of the company’s stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
A number of analysts have recently weighed in on TMH shares. Analysts at RBC Capital raised their price target on shares of Team Health Holdings (NYSE:TMH) from $39.00 to $43.00 in a research note to investors on Monday, August 5th. They now have an “outperform” rating on the stock. Separately, analysts at Stifel Nicolaus cut their price target on shares of Team Health Holdings (NYSE:TMH) from $46.00 to $43.00 in a research note to investors on Thursday, August 1st. They now have a “buy” rating on the stock. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Team Health Holdings (NYSE:TMH) in a research note to investors on Monday, July 15th. They now have a $43.00 price target on the stock.
Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $42.80.
Shares of Team Health Holdings (NYSE:TMH) opened at 37.83 on Wednesday. Team Health Holdings has a one year low of $24.09 and a one year high of $42.42. The stock has a 50-day moving average of $39.20 and a 200-day moving average of $38.41. The company has a market cap of $2.633 billion and a P/E ratio of 36.76.
Team Health Holdings (NYSE:TMH) last posted its quarterly earnings results on Tuesday, July 30th. The company reported $0.44 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.45 by $0.01. The company had revenue of $579.70 million for the quarter, compared to the consensus estimate of $585.91 million. During the same quarter last year, the company posted $0.39 earnings per share. Team Health Holdings’s revenue was up 14.5% compared to the same quarter last year. On average, analysts predict that Team Health Holdings will post $1.80 earnings per share for the current fiscal year.
Team Health Holdings, Inc is a supplier of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States, based upon revenues, patient visits, and number of clients.
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