Advent International Corpma buys $2.7 Million stake in TeamHealth Holdings Inc (TMH)

TeamHealth Holdings Inc (TMH) : Advent International Corpma scooped up 5,343 additional shares in TeamHealth Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 61,074 shares of TeamHealth Holdings Inc which is valued at $2.7 Million.TeamHealth Holdings Inc makes up approximately 0.06% of Advent International Corpma’s portfolio.

Other Hedge Funds, Including , D.a. Davidson reduced its stake in TMH by selling 1,656 shares or 91.39% in the most recent quarter. The Hedge Fund company now holds 156 shares of TMH which is valued at $6,883.Raymond James Associates boosted its stake in TMH in the latest quarter, The investment management firm added 56,218 additional shares and now holds a total of 120,159 shares of TeamHealth Holdings Inc which is valued at $5.3 Million. TeamHealth Holdings Inc makes up approx 0.02% of Raymond James Associates’s portfolio.Blackrock Group Ltd boosted its stake in TMH in the latest quarter, The investment management firm added 1,849 additional shares and now holds a total of 80,806 shares of TeamHealth Holdings Inc which is valued at $3.6 Million.Public Employees Retirement Association Of Colorado boosted its stake in TMH in the latest quarter, The investment management firm added 43,155 additional shares and now holds a total of 161,339 shares of TeamHealth Holdings Inc which is valued at $6.7 Million. TeamHealth Holdings Inc makes up approx 0.06% of Public Employees Retirement Association Of Colorado’s portfolio.

TeamHealth Holdings Inc opened for trading at $46.37 and hit $47.69 on the upside on Wednesday, eventually ending the session at $47.5, with a gain of 2.26% or 1.05 points. The heightened volatility saw the trading volume jump to 6,13,000 shares. Company has a market cap of $3,513 M.

On the company’s financial health, TeamHealth Holdings Inc reported $0.62 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 9, 2016. Analyst had a consensus of $0.58. The company had revenue of $1135.64 million for the quarter, compared to analysts expectations of $1110.91 million. The company’s revenue was up 35.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.68 EPS.

Many Wall Street Analysts have commented on TeamHealth Holdings Inc. Company shares were Reiterated by Stifel on Mar 16, 2016 to “Buy”, Firm has raised the Price Target to $ 48 from a previous price target of $38 .TeamHealth Holdings Inc was Downgraded by JP Morgan to ” Neutral” on Mar 14, 2016. TeamHealth Holdings Inc was Downgraded by Jefferies to ” Hold” on Mar 1, 2016.

Team Health Holdings Inc. (TeamHealth) is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. The Company provides services through two operating segments: Healthcare Staffing and Other Services. The Healthcare Staffing segment is an aggregation of emergency medicine anesthesia specialty surgery and locums staffing. The Company provides healthcare service programs to users and providers of healthcare services on a fee for service as well as a cost plus or contract basis. The Other Services segment is an aggregation of hospital medicine military and Government healthcare staffing scribes clinical services nurse call center operations. The Company’s Other Services segment also offers billing collection and consulting services which provide a range of other healthcare services. The Company provides outsourced services to hospital emergency departments (EDs).

Leave a Reply

TeamHealth Holdings Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on TeamHealth Holdings Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.