Today’s Filing Alert: Why Barry Rosenstein’s Jana Partners Llc Reported Big Team Health Holdings Inc Position?

Today's Filing Alert: Why Barry Rosenstein's Jana Partners Llc Reported Big Team Health Holdings Inc Position?

The New Barry Rosenstein’s Jana Partners Llc Holding in Team Health Holdings Inc

Jana Partners Llc filed with the SEC SC 13D/A form for Team Health Holdings Inc. The form can be accessed here: 000090266416008595. As reported in Barry Rosenstein’s Jana Partners Llc’s form, the filler as of late owns 7.91% or 5,890,368 shares of the Health Care–company.

Team Health Holdings Inc stake is a new one for the for the hedge fund and it was filed because of activity on October 30, 2016. We feel this shows Barry Rosenstein’s Jana Partners Llc’s positive view for the stock. For a hedge fund managing $11.37 billion in assets and having 49+ active experts, we at Financialmagazine have no doubt the buy is a bullish signal.

The hedge fund is active investor in the Health Care sector. In the manager’s last 13-F, we saw 12% of Barry Rosenstein’s Jana Partners Llc’s US equities portfolio is in this sector.

Reasons Why Barry Rosenstein’s Jana Partners Llc Bought – Team Health Holdings Inc Stock

PURPOSE OF TRANSACTION. Item 4 of the Schedule 13D is hereby amended and supplemented by the addition of the following:

On October 30, 2016, the Reporting Person entered into a Voting and Support Agreement (the “Votingand Support Agreement”) with Tennessee Parent, Inc. (“Parent”) in relation to an Agreement and Planof Merger (the “Merger Agreement”) relating to a merger (the “Merger”) by and among the Issuer,Parent, and Tennessee Merger Sub, Inc., whereby the Reporting Person agreed to, among other things, vote its Shares in favor ofthe approval of the Merger and the transactions contemplated by the Merger Agreement.

The foregoing summary of the Voting and Support Agreement is qualified in its entirety by reference to thefull text of the Voting and Support Agreement, a copy of which is incorporated herein by reference to Exhibit C.

Team Health Holdings Inc Institutional Sentiment

Latest Security and Exchange filings show 244 investors own Team Health Holdings Inc. The institutional ownership in Q3 2015 is very high, at 92.32% of the outstanding shares. This is decreased by 4301964 the total institutional shares. 68466725 were the shares owned by these institutional investors. In total 43 funds opened new Team Health Holdings Inc stakes, 101 increased stakes. There were 26 that closed positions and 74 reduced them.

2 managers had the stock in their top Ten. Notable investors are: Jana Partners Llc, Sachem Head Capital Management Lp, Advent International Corp Ma..

Scout Investments Inc is an institutional investor bullish on Team Health Holdings Inc, owning 125200 shares as of Q3 2015 for 0.17% of its portfolio. Hodges Capital Management Inc owns 465804 shares or 1.03% of its portfolio. TX Avalon Advisors Llc have 0.04% of their stock portfolio for 15287 shares. Further, Gray Financial Group reported stake worth 0.12% of its US stock portfolio. The CA Ami Asset Management Corp owns 36614 shares. Team Health Holdings Inc is 0.15% of the manager’s US portfolio.

Business Profile

Team Health Holdings, Inc. (TeamHealth) is a provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers. The Company operates through four segments: Hospital Based Services, IPC Healthcare, Specialty Services and Other Services. The Hospital Based Services segment 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 provider service programs to users of healthcare services. The Specialty Services segment provides healthcare service programs to users of healthcare services in an outpatient setting or in a non-hospital-based 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.

SEC Form 13D is filed within 10 days, by anyone who acquires beneficial ownership of 5%+ of any public firm. Activist investors and practices such as: company breakups, hostile takeovers, and change of control events, are permitted for this form filers. A filer must promptly update its 13D filing in case of acquisition or disposition of 1% or more of the securities that are the subject of the filing.

Barry Rosenstein’s Jana Partners Llc website.

Insitutional Activity: The institutional sentiment increased to 0.93 in 2016 Q2. Its up 0.18, from 0.75 in 2016Q1. The ratio is positive, 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.

California Pub Employees Retirement Systems owns 160,400 shares or 0.01% of their US portfolio. Moreover, Hl Fincl Services Limited Com has 0.01% invested in TeamHealth Holdings Inc (NYSE:TMH) for 5,285 shares. Tci Wealth Inc has invested 0.01% of its portfolio in TeamHealth Holdings Inc (NYSE:TMH). Wellington Grp Inc Llp owns 7.15M shares or 0.08% of their US portfolio. Rhumbline Advisers last reported 76,889 shares in the company. Checchi Advisers Ltd Liability Company has 777 shares for 0% of their US portfolio. Tiaa Cref Mgmt Limited Com, a New York-based fund reported 213,371 shares. Nationwide Fund Advisors has 57,437 shares for 0.01% of their US portfolio. Macquarie Gp has 0.04% invested in the company for 472,952 shares. Gotham Asset Mgmt Ltd Liability Corporation has invested 0.02% of its portfolio in TeamHealth Holdings Inc (NYSE:TMH). Moreover, Hsbc Public Limited Company has 0% invested in TeamHealth Holdings Inc (NYSE:TMH) for 7,552 shares. Neuberger Berman Grp Incorporated has 5,381 shares for 0% of their US portfolio. Jennison Associate Limited Liability last reported 0.03% of its portfolio in the stock. Royal Comml Bank Of Canada has 0% invested in the company for 30,474 shares. Suffolk Capital Limited Liability Company holds 57,058 shares or 0.3% of its portfolio.

The stock decreased 0.70% or $0.3 during the last trading session, hitting $42.55. About 9.57M shares traded hands or 371.43% up from the average. TeamHealth Holdings Inc (NYSE:TMH) has risen 1.77% since March 31, 2016 and is uptrending. It has underperformed by 0.75% the S&P500.

Team Health Holdings, Inc. is a well-known provider of outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers. The company has a market cap of $3.67 billion. The Firm operates through four divisions: Hospital Based Services, IPC Healthcare, Specialty Services and Other Services. It has a 70.24 P/E ratio. The Hospital Based Services segment provides healthcare service programs to users of healthcare services on a fee for service, as well as a cost plus or contract basis.

TeamHealth Holdings Inc (NYSE:TMH) Ratings Coverage

Out of 15 analysts covering Team Health Holdings (NYSE:TMH), 7 rate it a “Buy”, 0 “Sell”, while 8 “Hold”. This means 47% are positive. $80.0 is the highest target while $38 is the lowest. The $49.73 average target is 16.87% above today’s ($42.55) stock price. Team Health Holdings has been the topic of 37 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was maintained by Barclays Capital on Thursday, August 4 with “Overweight”. Stifel Nicolaus maintained TeamHealth Holdings Inc (NYSE:TMH) on Wednesday, March 16 with “Buy” rating. The firm has “Outperform” rating given on Tuesday, December 15 by RBC Capital Markets. The firm has “Buy” rating by Jefferies given on Thursday, January 21. SunTrust maintained TeamHealth Holdings Inc (NYSE:TMH) on Thursday, August 4 with “Buy” rating. The firm earned “Buy” rating on Friday, September 25 by Jefferies. The rating was downgraded by UBS on Thursday, February 18 to “Neutral”. The rating was reinitiated by JP Morgan with “Overweight” on Wednesday, November 4. Leerink Swann downgraded the stock to “Mkt Perform” rating in Wednesday, October 26 report. SunTrust downgraded the shares of TMH in a report on Tuesday, November 1 to “Hold” rating.

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 Prnewswire.com with their article: “Harwood Feffer LLP Announces Investigation of Team Health Holdings, Inc.” published on October 31, 2016, Prnewswire.com published: “TeamHealth (TMH) Alert: Johnson & Weaver, LLP Launches an Investigation into …” on October 31, 2016. More interesting news about TeamHealth Holdings Inc (NYSE:TMH) were released by: Reuters.com and their article: “Blackstone in the lead to acquire Team Health: sources” published on October 18, 2016 as well as Wsj.com‘s news article titled: “Team Health Exploring a Possible Sale” with publication date: October 04, 2016.

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.”

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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