TeamHealth Holdings Inc (TMH) : Advent International Corpma scooped up 88,285 additional shares in TeamHealth Holdings Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 151,110 shares of TeamHealth Holdings Inc which is valued at $6,271,065.TeamHealth Holdings Inc makes up approximately 0.12% of Advent International Corpma’s portfolio.
Other Hedge Funds, Including , Sachem Head Capital Management Lp reduced its stake in TMH by selling 265,000 shares or 9.41% in the most recent quarter. The Hedge Fund company now holds 2,550,000 shares of TMH which is valued at $105,825,000. TeamHealth Holdings Inc makes up approx 5.27% of Sachem Head Capital Management Lp’s portfolio.Princeton Alpha Management Lp reduced its stake in TMH by selling 6,993 shares or 51.2% in the most recent quarter. The Hedge Fund company now holds 6,665 shares of TMH which is valued at $273,932. TeamHealth Holdings Inc makes up approx 0.05% of Princeton Alpha Management Lp’s portfolio. Marshall Wace Llp sold out all of its stake in TMH during the most recent quarter. The investment firm sold 6,302 shares of TMH which is valued $259,012.Nn Investment Partners Holdings N.v. boosted its stake in TMH in the latest quarter, The investment management firm added 5,305 additional shares and now holds a total of 23,305 shares of TeamHealth Holdings Inc which is valued at $939,192. TeamHealth Holdings Inc makes up approx 0.01% of Nn Investment Partners Holdings N.v.’s portfolio.Jennison Associates reduced its stake in TMH by selling 63,153 shares or 8.8% in the most recent quarter. The Hedge Fund company now holds 654,393 shares of TMH which is valued at $28,008,020. TeamHealth Holdings Inc makes up approx 0.03% of Jennison Associates’s portfolio.
TeamHealth Holdings Inc opened for trading at $42 and hit $42.1 on the upside on Monday, eventually ending the session at $42.05, with a gain of 0.12% or 0.05 points. The heightened volatility saw the trading volume jump to 13,99,778 shares. Company has a market cap of $3,131 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 Downgraded by SunTrust to ” Hold” on Nov 1, 2016. Shares were Downgraded by RBC Capital Mkts on Nov 1, 2016 to ” Sector Perform” and Lowered the Price Target to $ 43.50 from a previous price target of $61 .TeamHealth Holdings Inc was Downgraded by Leerink Partners to ” Mkt Perform” on Oct 26, 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).