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Team Health Holdings (NYSE:TMH) Chairman H. Lynn Massingale sold 15,000 shares of the company’s stock on the open market in a transaction that occurred on Monday, June 30th. The shares were sold at an average price of $49.96, for a total value of $749,400.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

A number of analysts have recently weighed in on TMH shares. Analysts at Goldman Sachs downgraded shares of Team Health Holdings from a “conviction-buy” rating to a “buy” rating in a research note on Monday, June 16th. Separately, analysts at Deutsche Bank downgraded shares of Team Health Holdings from a “buy” rating to a “hold” rating in a research note on Friday, June 6th. They now have a $53.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at RBC Capital raised their price target on shares of Team Health Holdings from $50.00 to $55.00 in a research note on Monday, May 5th. They now have an “outperform” rating on the stock. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Team Health Holdings presently has a consensus rating of “Buy” and a consensus price target of $53.43.

Team Health Holdings (NYSE:TMH) traded up 0.12% during mid-day trading on Wednesday, hitting $50.36. 375,817 shares of the company’s stock traded hands. Team Health Holdings has a 52 week low of $36.41 and a 52 week high of $52.18. The stock’s 50-day moving average is $49.82 and its 200-day moving average is $46.63. The company has a market cap of $3.537 billion and a P/E ratio of 38.43.

Team Health Holdings (NYSE:TMH) last issued its quarterly earnings data on Tuesday, April 29th. The company reported $0.54 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.50 by $0.04. The company had revenue of $641.65 million for the quarter, compared to the consensus estimate of $646.83 million. During the same quarter in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 11.4% on a year-over-year basis. On average, analysts predict that Team Health Holdings will post $2.19 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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