Insider Selling: Heidi S. Allen Sells 5,271 Shares of Team Health Holdings Stock (TMH)
Team Health Holdings (NYSE:TMH) SVP Heidi S. Allen unloaded 5,271 shares of Team Health Holdings stock on the open market in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $50.02, for a total transaction of $263,655.42. Following the completion of the transaction, the senior vice president now directly owns 11,932 shares in the company, valued at approximately $596,839. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Shares of Team Health Holdings (NYSE:TMH) traded up 0.18% during mid-day trading on Thursday, hitting $51.17. The stock had a trading volume of 341,269 shares. 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 $50.31 and a 200-day moving average of $46.96. The company has a market cap of $3.594 billion and a P/E ratio of 39.02.
Team Health Holdings (NYSE:TMH) last released its earnings data on Tuesday, April 29th. The company reported $0.54 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.44 earnings per share. Team Health Holdings’s revenue was up 11.4% compared to the same quarter last year. Analysts expect that Team Health Holdings will post $2.19 EPS for the current fiscal year.
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 assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $54.75.
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.