Team Health Holdings Chairman H. Lynn Massingale Sells 15,000 Shares (TMH)
Team Health Holdings (NYSE:TMH) Chairman H. Lynn Massingale unloaded 15,000 shares of the company’s stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $58.60, for a total transaction of $879,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Team Health Holdings (NYSE:TMH) traded up 0.99% on Wednesday, hitting $59.46. 636,663 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 $58.98. The stock’s 50-day moving average is $55.23 and its 200-day moving average is $49.53. The company has a market cap of $4.200 billion and a price-to-earnings ratio of 40.05.
Team Health Holdings (NYSE:TMH) last released its earnings data on Tuesday, July 29th. The company reported $0.61 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.44 earnings per share. The company’s quarterly revenue was up 16.5% on a year-over-year basis. Analysts expect that Team Health Holdings will post $2.30 EPS for the current fiscal year.
TMH has been the subject of a number of recent research reports. Analysts at Stifel Nicolaus raised their price target on shares of Team Health Holdings from $60.00 to $66.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Finally, 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. One research analyst has rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $61.27.
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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