Boston Advisors LLC maintained its stake in shares of Team Health Holdings Inc. (NYSE:TMH) during the second quarter, Holdings Channel reports. The institutional investor owned 17,950 shares of the company’s stock at the end of the second quarter. Boston Advisors LLC’s holdings in Team Health Holdings were worth $730,000 as of its most recent SEC filing.
Other hedge funds have also recently modified their holdings of the company. BNP Paribas Arbitrage SA raised its position in Team Health Holdings by 711.6% in the second quarter. BNP Paribas Arbitrage SA now owns 3,206 shares of the company’s stock worth $130,000 after buying an additional 2,811 shares during the last quarter. OMERS ADMINISTRATION Corp bought a new position in Team Health Holdings during the first quarter worth $272,000. Gray Financial Group GA ADV ADV raised its position in Team Health Holdings by 26.2% in the second quarter. Gray Financial Group GA ADV ADV now owns 7,028 shares of the company’s stock worth $286,000 after buying an additional 1,459 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Team Health Holdings during the second quarter worth $305,000. Finally, Bayesian Capital Management LP bought a new position in Team Health Holdings during the first quarter worth $314,000.
Shares of Team Health Holdings Inc. (NYSE:TMH) traded up 16.46% on Tuesday, hitting $38.20. The stock had a trading volume of 2,328,230 shares. Team Health Holdings Inc. has a one year low of $30.83 and a one year high of $63.56. The stock has a market cap of $2.83 billion, a PE ratio of 63.25 and a beta of 1.18. The company’s 50 day moving average is $33.57 and its 200 day moving average is $40.28.
Team Health Holdings (NYSE:TMH) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. The company had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.17 billion. Team Health Holdings had a net margin of 0.74% and a return on equity of 29.71%. Team Health Holdings’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter last year, the business earned $0.70 EPS. Equities research analysts predict that Team Health Holdings Inc. will post $2.68 EPS for the current fiscal year.
TMH has been the subject of a number of recent research reports. Canaccord Genuity reiterated a “buy” rating and set a $52.00 price objective on shares of Team Health Holdings in a research note on Wednesday, September 7th. Stifel Nicolaus reiterated a “buy” rating and set a $43.00 price objective (down previously from $48.00) on shares of Team Health Holdings in a research note on Friday, September 9th. Mizuho reduced their price objective on Team Health Holdings from $47.00 to $38.00 and set a “neutral” rating for the company in a research note on Friday, August 5th. Citigroup Inc. initiated coverage on Team Health Holdings in a research note on Monday, September 26th. They set a “neutral” rating and a $36.00 price objective for the company. Finally, JPMorgan Chase & Co. reduced their price objective on Team Health Holdings from $47.00 to $45.00 and set a “neutral” rating for the company in a research note on Friday, August 5th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eleven have issued a buy rating to the company’s stock. Team Health Holdings currently has a consensus rating of “Buy” and an average target price of $47.27.
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.
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