Team, Inc. (NYSE:TISI) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a report issued on Friday.

According to Zacks, “TEAM, INC. is a professional full service provider of environmental engineering, consulting, monitoring and repair services. Environmental engineering, consulting and monitoring services, primarily in air quality together with on-stream leak repair and related industrial services for piping systems and process equipment, are provided by subsidiaries of the Company through its Environmental Services business segment. “

Shares of Team (NYSE:TISI) opened at 24.10 on Friday. The stock’s market cap is $718.52 million. Team has a 52-week low of $23.53 and a 52-week high of $39.70. The firm has a 50-day moving average price of $26.42 and a 200-day moving average price of $31.62.

Team (NYSE:TISI) last posted its quarterly earnings data on Tuesday, May 9th. The business services provider reported ($0.24) earnings per share (EPS) for the quarter. Team had a return on equity of 4.98% and a net margin of 0.71%. The business had revenue of $286.55 million for the quarter, compared to analyst estimates of $303.30 million. On average, analysts anticipate that Team will post $0.61 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Thrivent Financial for Lutherans raised its position in shares of Team by 1,494.9% in the fourth quarter. Thrivent Financial for Lutherans now owns 238,126 shares of the business services provider’s stock valued at $9,346,000 after buying an additional 223,196 shares during the period. Loomis Sayles & Co. L P raised its position in shares of Team by 513.5% in the fourth quarter. Loomis Sayles & Co. L P now owns 520,278 shares of the business services provider’s stock valued at $20,421,000 after buying an additional 435,467 shares during the period. Keybank National Association OH raised its position in shares of Team by 9.4% in the fourth quarter. Keybank National Association OH now owns 42,000 shares of the business services provider’s stock valued at $1,649,000 after buying an additional 3,600 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Team by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,332,090 shares of the business services provider’s stock valued at $52,284,000 after buying an additional 3,948 shares during the period. Finally, State Street Corp raised its position in shares of Team by 9.1% in the fourth quarter. State Street Corp now owns 621,106 shares of the business services provider’s stock valued at $24,379,000 after buying an additional 51,744 shares during the period. 97.74% of the stock is currently owned by institutional investors and hedge funds.

Team Company Profile

Team, Inc is a provider of specialty industrial services, including inspection and assessment, required in maintaining high temperature and high pressure piping systems and vessels. The Company conducts its operations through three segments: Inspection and Heat Treating Services (IHT) Group, Mechanical Services (MS) Group and Quest Integrity (Quest Integrity) Group.

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