Insider Selling: David Jones Unloads 35,553 Shares of Team Health Holdings Stock (TMH)
Team Health Holdings (NYSE:TMH) CFO David Jones sold 35,553 shares of Team Health Holdings stock on the open market in a transaction dated Thursday, October 3rd. The shares were sold at an average price of $40.25, for a total value of $1,431,008.25. Following the completion of the sale, the chief financial officer now directly owns 52,876 shares of the company’s stock, valued at approximately $2,128,259. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Team Health Holdings (NYSE:TMH) traded down 1.26% on Monday, hitting $40.12. The stock had a trading volume of 280,330 shares. Team Health Holdings has a 52-week low of $24.09 and a 52-week high of $42.42. The stock’s 50-day moving average is $38.61 and its 200-day moving average is $38.71. The company has a market cap of $2.793 billion and a P/E ratio of 39.48.
Team Health Holdings (NYSE:TMH) last released its earnings data on Tuesday, July 30th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the 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.
TMH has been the subject of a number of recent research reports. Analysts at RBC Capital raised their price target on shares of Team Health Holdings 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 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 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 assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $42.80.
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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