First Mercantile Trust Co buys $618,686 stake in TeamHealth Holdings Inc (TMH)

TeamHealth Holdings Inc (TMH) : First Mercantile Trust Co scooped up 13,060 additional shares in TeamHealth Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 7, 2016. The investment management firm now holds a total of 16,120 shares of TeamHealth Holdings Inc which is valued at $618,686.TeamHealth Holdings Inc makes up approximately 0.08% of First Mercantile Trust Co’s portfolio.

Other Hedge Funds, Including , Bnp Paribas Arbitrage Sa boosted its stake in TMH in the latest quarter, The investment management firm added 2,535 additional shares and now holds a total of 5,741 shares of TeamHealth Holdings Inc which is valued at $229,066.Independent Portfolio Consultants reduced its stake in TMH by selling 165 shares or 1.48% in the most recent quarter. The Hedge Fund company now holds 11,005 shares of TMH which is valued at $439,100. TeamHealth Holdings Inc makes up approx 0.14% of Independent Portfolio Consultants’s portfolio.

TeamHealth Holdings Inc closed down -0.75 points or -1.92% at $38.38 with 11,58,146 shares getting traded on Friday. Post opening the session at $39.32, the shares hit an intraday low of $38.27 and an intraday high of $39.32 and the price fluctuated in this range throughout the day.Shares ended Friday 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 Initiated by Citigroup to “Neutral” on Sep 26, 2016. 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 .

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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