Price Action To Observe: TeamHealth Holdings Inc Just Recorded A Sigfniciant Increase

Price Action To Observe: TeamHealth Holdings Inc Just Recorded A Sigfniciant Increase

The stock of TeamHealth Holdings Inc (NYSE:TMH) is a huge mover today! About 18.57 million shares traded hands or 1317.56% up from the average. TeamHealth Holdings Inc (NYSE:TMH) has declined 11.50% since March 29, 2016 and is downtrending. It has underperformed by 14.97% the S&P500.
The move comes after 9 months positive chart setup for the $3.09B company. It was reported on Oct, 31 by Barchart.com. We have $54.36 PT which if reached, will make NYSE:TMH worth $834.30 million more.

Analysts await TeamHealth Holdings Inc (NYSE:TMH) to report earnings on November, 1. They expect $0.73 EPS, up 7.35% or $0.05 from last year’s $0.68 per share. TMH’s profit will be $52.70M for 14.66 P/E if the $0.73 EPS becomes a reality. After $0.66 actual EPS reported by TeamHealth Holdings Inc for the previous quarter, Wall Street now forecasts 10.61% EPS growth.

TeamHealth Holdings Inc (NYSE:TMH) Ratings Coverage

Out of 15 analysts covering Team Health Holdings (NYSE:TMH), 9 rate it a “Buy”, 0 “Sell”, while 6 “Hold”. This means 60% are positive. Team Health Holdings has been the topic of 35 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Stifel Nicolaus maintained TeamHealth Holdings Inc (NYSE:TMH) rating on Tuesday, February 9. Stifel Nicolaus has “Buy” rating and $38 price target. The firm has “Neutral” rating by Robert W. Baird given on Monday, December 14. The company was upgraded on Wednesday, November 4 by Bank of America. The firm has “Neutral” rating by UBS given on Thursday, February 18. The stock of TeamHealth Holdings Inc (NYSE:TMH) has “Neutral” rating given on Thursday, December 3 by Mizuho. The firm has “Buy” rating by Jefferies given on Thursday, January 21. Mizuho maintained TeamHealth Holdings Inc (NYSE:TMH) rating on Friday, August 5. Mizuho has “Neutral” rating and $38 price target. On Wednesday, December 9 the stock rating was maintained by Canaccord Genuity with “Buy”. As per Wednesday, March 16, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Canaccord Genuity on Tuesday, January 26 with “Buy”.

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.”

Insitutional Activity: The institutional sentiment increased to 0.93 in 2016 Q2. Its up 0.18, from 0.75 in 2016Q1. The ratio increased, as 23 funds sold all TeamHealth Holdings Inc shares owned while 73 reduced positions. 24 funds bought stakes while 65 increased positions. They now own 78.44 million shares or 1.78% less from 79.86 million shares in 2016Q1.
Redmile Grp Inc Ltd Liability Com holds 0.02% or 5,000 shares in its portfolio. The United Kingdom-based Barclays Public Limited Company has invested 0% in TeamHealth Holdings Inc (NYSE:TMH). Westfield Capital Management Com L P accumulated 0.44% or 1.32M shares. Voya Inv Management Ltd Liability Corporation last reported 0.13% of its portfolio in the stock. California State Teachers Retirement System holds 142,528 shares or 0.01% of its portfolio. Putnam Lc accumulated 25,247 shares or 0% of the stock. Moreover, Cubist Systematic Strategies Ltd has 0.06% invested in TeamHealth Holdings Inc (NYSE:TMH) for 27,447 shares. Peak6 Investments Lp last reported 0% of its portfolio in the stock. Hl Financial Svcs Ltd Liability last reported 5,285 shares in the company. Public Employees Retirement Association Of Colorado accumulated 181,339 shares or 0.06% of the stock. Qs Investors Ltd Liability Co has invested 0.04% of its portfolio in TeamHealth Holdings Inc (NYSE:TMH). Guggenheim Limited Liability last reported 11,927 shares in the company. Sachem Head Mngmt L P last reported 2.82M shares in the company. Millennium Ltd Co last reported 0% of its portfolio in the stock. Prudential Financial has 7,363 shares for 0% of their US portfolio.

More notable recent TeamHealth Holdings Inc (NYSE:TMH) news were published by: Fool.com which released: “Why TeamHealth Holdings Inc’s Shares Popped 16% Today” on October 31, 2016, also Wsj.com with their article: “Blackstone to Acquire Team Health for About $3.2 Billion” published on October 31, 2016, Reuters.com published: “Blackstone in the lead to acquire Team Health: sources” on October 18, 2016. More interesting news about TeamHealth Holdings Inc (NYSE:TMH) were released by: Marketwatch.com and their article: “TeamHealth agrees to be acquired by Blackstone in deal valued at about $6.1 …” published on October 31, 2016 as well as Wsj.com‘s news article titled: “Team Health Exploring a Possible Sale” with publication date: October 04, 2016.

TMH Company Profile

Team Health Holdings, Inc. (TeamHealth), incorporated on December 15, 1998, is a well-known provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. The Firm operates through four divisions: Hospital Based Services, IPC Healthcare, Specialty Services and Other Services. The Hospital Based Services segment, which is an aggregation of emergency medicine, anesthesia, and the Company’s acute care services, provides healthcare service programs to users of healthcare services on a fee for service, as well as a cost plus or contract basis. The IPC Healthcare segment consists of IPC and provides acute hospital medicine and post-acute well-known provider service programs to users of healthcare services. The Specialty Services segment, which is an aggregation of military and government healthcare staffing, clinical services, and nurse call center operations, provides healthcare service programs to users of healthcare services in an outpatient setting or in a non-hospital environment. The Other Services segment is an aggregation of locums staffing, scribes, and billing, collection and consulting services that provides a range of other healthcare services. The Firm serves approximately 3,400 civilian and military hospitals, clinics and physician groups in over 45 states with a team of over 18,000 affiliated healthcare professionals, including physicians, physician assistants, nurse practitioners and nurses. The Firm provides outsourced services in emergency departments (EDs).

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