Insider Selling: Team Health Holdings CFO Sells 20,000 Shares of Stock (TMH)
Team Health Holdings (NYSE:TMH) CFO David Jones unloaded 20,000 shares of the stock on the open market in a transaction that occurred on Friday, October 18th. The stock was sold at an average price of $44.26, for a total transaction of $885,200.00. Following the sale, the chief financial officer now directly owns 52,876 shares of the company’s stock, valued at approximately $2,340,292. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
TMH has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Team Health Holdings in a research note to investors on Wednesday, October 16th. They now have a $44.00 price target on the stock, up previously from $43.00. Separately, analysts at Deutsche Bank raised their price target on shares of Team Health Holdings from $46.00 to $52.00 in a research note to investors on Wednesday, October 9th. They now have a “buy” rating on the stock. Finally, 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. Eight equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $43.80.
Shares of Team Health Holdings (NYSE:TMH) traded up 0.67% on Monday, hitting $45.39. The stock had a trading volume of 468,619 shares. Team Health Holdings has a one year low of $24.09 and a one year high of $45.11. The stock has a 50-day moving average of $39.23 and a 200-day moving average of $39.10. The company has a market cap of $3.159 billion and a price-to-earnings ratio of 43.82.
Team Health Holdings (NYSE:TMH) last issued its quarterly earnings data 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 in the prior year, the company posted $0.39 earnings per share. The company’s quarterly revenue was up 14.5% on a year-over-year basis.
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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