Sachem Head Capital Management Lp Lowers stake in TeamHealth Holdings Inc (TMH)

TeamHealth Holdings Inc (TMH) : Sachem Head Capital Management Lp reduced its stake in TeamHealth Holdings Inc by 12.03% during the most recent quarter end. The investment management company now holds a total of 2,815,000 shares of TeamHealth Holdings Inc which is valued at $101,987,450 after selling 385,000 shares in TeamHealth Holdings Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.TeamHealth Holdings Inc makes up approximately 4.18% of Sachem Head Capital Management Lp’s portfolio.

Other Hedge Funds, Including , 1832 Asset Management reduced its stake in TMH by selling 156,683 shares or 3.86% in the most recent quarter. The Hedge Fund company now holds 3,907,135 shares of TMH which is valued at $141,555,501. TeamHealth Holdings Inc makes up approx 0.53% of 1832 Asset Management’s portfolio.Tower Research Capital (trc) boosted its stake in TMH in the latest quarter, The investment management firm added 2,493 additional shares and now holds a total of 4,094 shares of TeamHealth Holdings Inc which is valued at $148,326. TeamHealth Holdings Inc makes up approx 0.01% of Tower Research Capital (trc)’s portfolio. Quantitative Investment Management sold out all of its stake in TMH during the most recent quarter. The investment firm sold 32,500 shares of TMH which is valued $1,287,000.Msi Financial Services Inc reduced its stake in TMH by selling 53 shares or 15.73% in the most recent quarter. The Hedge Fund company now holds 284 shares of TMH which is valued at $11,709.Huntington National Bank reduced its stake in TMH by selling 16 shares or 32.0% in the most recent quarter. The Hedge Fund company now holds 34 shares of TMH which is valued at $1,402.

TeamHealth Holdings Inc closed down -0.12 points or -0.35% at $33.88 with 4,08,981 shares getting traded on Monday. Post opening the session at $33.98, the shares hit an intraday low of $33.75 and an intraday high of $34.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, TeamHealth Holdings Inc reported $0.66 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 2, 2016. Analyst had a consensus of $0.65. The company had revenue of $1122.60 million for the quarter, compared to analysts expectations of $1169.80 million. The company’s revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.70 EPS.

Many Wall Street Analysts have commented on TeamHealth Holdings Inc. TeamHealth Holdings Inc was Upgraded by Jefferies to ” Buy” on Aug 11, 2016. Shares were Reiterated by Mizuho on Aug 5, 2016 to “Neutral” and Lowered the Price Target to $ 38 from a previous price target of $47 .Shares were Reiterated by Barclays on Aug 4, 2016 to “Overweight” and Lowered the Price Target to $ 46 from a previous price target of $51 .

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).

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