Insider Selling: Heidi S. Allen Sells 4,729 Shares of Team Health Holdings Stock (TMH)
Team Health Holdings (NYSE:TMH) SVP Heidi S. Allen sold 4,729 shares of the stock on the open market in a transaction dated Friday, July 11th. The shares were sold at an average price of $50.01, for a total transaction of $236,497.29. Following the sale, the senior vice president now directly owns 11,932 shares of the company’s stock, valued at approximately $596,719. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on TMH shares. Analysts at Robert W. Baird initiated coverage on shares of Team Health Holdings in a research note on Wednesday, July 9th. They set an “outperform” rating and a $60.00 price target on the stock. Separately, analysts at Stifel Nicolaus raised their price target on shares of Team Health Holdings from $52.00 to $56.00 in a research note on Thursday, July 3rd. They now have a “buy” rating on the stock. Finally, 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. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $54.75.
Team Health Holdings (NYSE:TMH) traded down 0.22% during mid-day trading on Monday, hitting $49.49. 391,154 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 has a 50-day moving average of $50.30 and a 200-day moving average of $46.86. The company has a market cap of $3.476 billion and a P/E ratio of 37.89.
Team Health Holdings (NYSE:TMH) last posted its quarterly earnings results 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. Analysts expect that Team Health Holdings will post $2.19 EPS 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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