Team Health Holdings (NYSE:TMH) Receives a Downgrade
Team Health Holdings (NYSE:TMH) was just lowered by investment advisers at Robert W. Baird from a “Outperform” to a “Neutral” in an analyst note published on Monday, 14 December. The firm now has a $49.00 target price per share on shares. Robert W. Baird’s target price per share gives a possible upside of 8.34% for the stock.
From a total of 17 analysts covering Team Health Holdings (NYSE:TMH) stock, 16 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that 100% of the ratings are positive. The highest target price is $80 while the lowest target price is $59. The mean of all analyst targets is $70.06 with a 49.83% above today’s ($46.14) stock price. Team Health Holdings was the topic of 17 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Canaccord Genuity maintained shares on December 9 with “Buy” rating. Jefferies initiated shares with “Buy” rating and $80.0 target share price in a report from a September 25. Goldman Sachs reinitiated TMH stock in a recent report from November 30 with “Neutral” rating. Zacks upgraded the rating on September 22. Zacks has a “Buy” rating and a $68 price target on shares. Finally, JP Morgan reinitiated the stock with “Overweight” rating in a report issued on a November 4.
Approximately 79,912 shares of stock traded hands. TeamHealth Holdings Inc (NYSE:TMH) has declined 16.55% since May 11, 2015 and is downtrending. It has underperformed by 12.14% the S&P500.
The overall sentiment of institutions has increased to 1.44 in Q2 2015. Its up 0.37, from 1.07 in 2015Q2. The ratio is positive, as 26 institutions have sold all the shares of TeamHealth Holdings Inc that they owned while 74 funds have taken shares off the table. 43 funds have purchased shares for the first time while 101 added to their positions. These institutions now hold 68.47 million shares or 6.04% less than the 72.87 million shares they owned in 2015Q2.
The Fund Pennant Capital Management Llc currently is holding shares equating to 3.54% of its total portfolio in TeamHealth Holdings Inc representing a total of 3.10 million shares. Another fund,Bloom Tree Partners Llc, is holding a total of 603,447 shares equating to 3.07% of their holdings. Additionally, Hood River Capital Management Llc has a 284,104 share stake in TeamHealth Holdings Inc which represents 2.13% of their total portfolio. The Fund, Timpani Capital Management Llc, based out of Wisconsin, has also built up a stake in the stock, which represents a total of 1.68% of their total portfolio. Finally Washington Trust Co, a fund which is based in the state of Rhode Island reported a total holdings of 384,344 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 6, 2015, shareholders of TeamHealth Holdings Inc have witnessed 0 insider purchases, and a total of 2 insider sales equating to a net activity of approximately $2.84 million . Jones David P. sold 42,000 shares worth approximately $2.65M. Massingale H. Lynn sold 3,044 shares worth approximately $190,691.
Team Health Holdings, Inc. is a well-known provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. The company has a market cap of $3.35 billion. The Firm provides services through two operating divisions: Healthcare Staffing and Other Services. It has 31.17 P/E ratio. The Healthcare Staffing segment is an aggregation of emergency medicine, anesthesia, specialty surgery and locums staffing.
According to Zacks Investment Research, “Team Health Holdings, L.L.C. is a supplier of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. TeamHealth operates in two segments: Healthcare Services and Billing Services. The Healthcare Services segment, which comprises healthcare staffing, clinics and occupational health, provides healthcare service programs to users and providers of healthcare services on a fee for service, as well as a cost plus basis. The Billing Services segment provides a range of external billing, collection and consulting services on a fee basis to outside third-party customers.”