Team Health Holdings (NYSE:TMH) Rating Reaffirmed
In an interesting research report sent to investors and clients on 15 December, The Outperform rating of Team Health Holdings (NYSE:TMH) shares was reconfirmed by RBC Capital Mkts, who now has a $62 target on the stock. RBC Capital Mkts’s target may imply a possible upside of 35.96% from the last stock close price of the company.
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 $49. The mean of all analyst targets is $68.29 with a 46.69% above today’s ($45.6) stock price. Team Health Holdings was the topic of 18 analyst reports since August 5, 2015 according to the firm StockzIntelligence Inc. Robert W. Baird downgraded shares on December 14 to “Neutral” rating. JP Morgan reinitiated shares with “Overweight” rating and $70 target share price in a report from a November 4. Mizuho initiated TMH stock in a recent report from December 3 with “Neutral” rating. Jefferies initiated the rating on September 25. Jefferies has a “Buy” rating and a $80.0 price target on shares. Finally, Stifel Nicolaus maintained the stock with “Buy” rating in a report issued on a November 5.
The stock decreased 7.41% or $3.65 during the last trading session, striking $45.6. Approximately shares of stock traded hands. TeamHealth Holdings Inc (NYSE:TMH) has declined 22.14% since May 12, 2015 and is downtrending. It has underperformed by 18.47% 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 improved, 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 selling transactions 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 $3.57 billion. The Firm provides services through two operating divisions: Healthcare Staffing and Other Services. It has 30.81 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.”