Shares of Team Health Holdings Inc. (NYSE:TMH) hit a new 52-week low on Tuesday . The company traded as low as $31.44 and last traded at $31.47, with a volume of 296,815 shares changing hands. The stock had previously closed at $32.61.

TMH has been the subject of a number of research reports. Jefferies Group raised shares of Team Health Holdings from a “hold” rating to a “buy” rating and reduced their price target for the company from $49.00 to $47.00 in a report on Thursday, August 11th. Leerink Swann reissued an “outperform” rating and issued a $40.00 price target (down from $56.00) on shares of Team Health Holdings in a report on Friday, August 26th. Canaccord Genuity reissued a “buy” rating and issued a $2.80 price target on shares of Team Health Holdings in a report on Wednesday, August 17th. Bank of America Corp. reissued a “buy” rating and issued a $52.00 price target on shares of Team Health Holdings in a report on Tuesday, June 21st. Finally, Barclays PLC reissued a “buy” rating on shares of Team Health Holdings in a report on Sunday, July 10th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $48.87.

The company has a market capitalization of $2.32 billion, a PE ratio of 51.85 and a beta of 1.22. The firm’s 50 day moving average is $35.09 and its 200-day moving average is $41.13.

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Team Health Holdings (NYSE:TMH) last released its quarterly earnings data on Tuesday, August 2nd. The company reported $0.66 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.65 by $0.01. Team Health Holdings had a net margin of 0.74% and a return on equity of 29.71%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same period in the previous year, the company earned $0.70 earnings per share. The company’s quarterly revenue was up 27.9% on a year-over-year basis. On average, equities analysts forecast that Team Health Holdings Inc. will post $2.68 earnings per share for the current fiscal year.

Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. boosted its stake in shares of Team Health Holdings by 41.2% in the second quarter. Macquarie Group Ltd. now owns 472,952 shares of the company’s stock worth $19,235,000 after buying an additional 137,962 shares during the last quarter. Royal Bank of Canada boosted its stake in shares of Team Health Holdings by 20.4% in the second quarter. Royal Bank of Canada now owns 30,474 shares of the company’s stock worth $1,239,000 after buying an additional 5,154 shares during the last quarter. Howe & Rusling Inc. boosted its stake in shares of Team Health Holdings by 31.1% in the second quarter. Howe & Rusling Inc. now owns 2,640 shares of the company’s stock worth $107,000 after buying an additional 627 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Team Health Holdings by 3.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 361,935 shares of the company’s stock worth $14,720,000 after buying an additional 10,691 shares during the last quarter. Finally, Legal & General Group Plc boosted its stake in shares of Team Health Holdings by 26.9% in the second quarter. Legal & General Group Plc now owns 20,048 shares of the company’s stock worth $816,000 after buying an additional 4,244 shares during the last quarter.

Team Health Holdings Company Profile

Team Health Holdings, Inc (TeamHealth) is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers. The Company operates through four segments: Hospital Based Services, IPC Healthcare, Specialty Services and Other Services. The Hospital Based Services segment provides healthcare service programs to users of healthcare services on a fee for service, as well as a cost plus or contract basis.

5 Day Chart for NYSE:TMH

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