Team (NYSE:TISI) Downgraded to Buy Rating by StockNews.com

StockNews.com lowered shares of Team (NYSE:TISI) from a strong-buy rating to a buy rating in a research note published on Friday.

Team Stock Down 7.9 %

TISI opened at $17.25 on Friday. The company has a current ratio of 1.80, a quick ratio of 1.57 and a debt-to-equity ratio of 17.55. Team has a 52-week low of $5.05 and a 52-week high of $26.77. The company has a 50 day moving average of $15.88 and a two-hundred day moving average of $15.93.

Institutional Investors Weigh In On Team

Several institutional investors have recently bought and sold shares of TISI. JPMorgan Chase & Co. grew its stake in Team by 11,511.8% during the fourth quarter. JPMorgan Chase & Co. now owns 1,974 shares of the business services provider’s stock worth $25,000 after buying an additional 1,957 shares during the period. Dimensional Fund Advisors LP purchased a new position in shares of Team in the fourth quarter valued at $140,000. Northern Trust Corp boosted its stake in shares of Team by 52.6% in the fourth quarter. Northern Trust Corp now owns 35,966 shares of the business services provider’s stock valued at $456,000 after purchasing an additional 12,400 shares during the period. Geode Capital Management LLC boosted its stake in shares of Team by 4.8% in the fourth quarter. Geode Capital Management LLC now owns 44,471 shares of the business services provider’s stock valued at $564,000 after purchasing an additional 2,033 shares during the period. Finally, Manatuck Hill Partners LLC boosted its stake in shares of Team by 23.0% in the fourth quarter. Manatuck Hill Partners LLC now owns 62,075 shares of the business services provider’s stock valued at $787,000 after purchasing an additional 11,625 shares during the period. 46.57% of the stock is currently owned by hedge funds and other institutional investors.

About Team

Team, Inc, together with its subsidiaries, provides a suite of conventional, specialized, and proprietary mechanical, heat-treating, and inspection services in the United States, Canada, Europe, and internationally. It operates through Inspection and Heat Treating (IHT) and Mechanical Services (MS) segments.