Nokota Management Lp adds TeamHealth Holdings Inc (TMH) to its portfolio

TeamHealth Holdings Inc (TMH) : Nokota Management Lp added new position in TeamHealth Holdings Inc during the most recent quarter end. The investment management firm now holds 525,000 shares of TeamHealth Holdings Inc which is valued at $19,020,750 , the company said in a statement filed on Aug 15, 2016 with the SEC.TeamHealth Holdings Inc makes up approximately 1.31% of Nokota Management Lp’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management added TMH to its portfolio by purchasing 10,473 company shares during the most recent quarter which is valued at $379,437. Nuveen Asset Management sold out all of its stake in TMH during the most recent quarter. The investment firm sold 4,879 shares of TMH which is valued $176,766.Dimensional Fund Advisors Lp reduced its stake in TMH by selling 571 shares or 0.19% in the most recent quarter. The Hedge Fund company now holds 302,829 shares of TMH which is valued at $11,268,267. TeamHealth Holdings Inc makes up approx 0.01% of Dimensional Fund Advisors Lp’s portfolio.Strs Ohio reduced its stake in TMH by selling 1,300 shares or 12.15% in the most recent quarter. The Hedge Fund company now holds 9,400 shares of TMH which is valued at $387,562.

TeamHealth Holdings Inc opened for trading at $34.77 and hit $35.7 on the upside on Wednesday, eventually ending the session at $35.61, with a gain of 2.65% or 0.92 points. The heightened volatility saw the trading volume jump to 935,031 shares. Company has a market cap of $2,641 M.

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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