Team Health Holdings CEO Unloads $1,338,120 in Stock (TMH)
Team Health Holdings (NYSE:TMH) CEO Greg Roth sold 23,600 shares of the stock on the open market in a transaction dated Friday, August 15th. The stock was sold at an average price of $56.70, for a total transaction of $1,338,120.00. Following the transaction, the chief executive officer now directly owns 146,664 shares in the company, valued at approximately $8,315,849. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Team Health Holdings (NYSE:TMH) opened at 57.09 on Wednesday. Team Health Holdings has a 52 week low of $36.41 and a 52 week high of $57.80. The stock’s 50-day moving average is $53.42 and its 200-day moving average is $48.5. The company has a market cap of $4.033 billion and a P/E ratio of 38.84.
Team Health Holdings (NYSE:TMH) last issued its quarterly earnings data on Tuesday, July 29th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.53 by $0.08. The company had revenue of $675.10 million for the quarter, compared to the consensus estimate of $650.16 million. During the same quarter last year, the company posted $0.44 earnings per share. Team Health Holdings’s revenue was up 16.5% compared to the same quarter last year. Analysts expect that Team Health Holdings will post $2.30 EPS for the current fiscal year.
A number of analysts have recently weighed in on TMH shares. Analysts at Stifel Nicolaus upgraded shares of Team Health Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $63.00 price target on the stock, up previously from $57.00. Separately, analysts at Deutsche Bank upgraded shares of Team Health Holdings from a “hold” rating to a “buy” rating in a research note on Thursday, August 7th. They now have a $57.00 price target on the stock, down previously from $63.00. Finally, analysts at Zacks upgraded shares of Team Health Holdings from a “neutral” rating to an “outperform” rating in a research note on Monday, August 4th. They now have a $58.00 price target on the stock. One investment analyst has rated the stock with a hold rating and twelve have issued a buy rating to the company. Team Health Holdings currently has an average rating of “Buy” and a consensus target price of $61.00.
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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