Shorts On Watch: Team Health Holdings Incorporated (NYSE:TMH)’s Trend Unknown, Especially After Increased Shorts

November 17, 2016 - By Linda Rogers   ·   0 Comments

Shorts On Watch: Team Health Holdings Incorporated (NYSE:TMH)’s Trend Unknown, Especially After Increased Shorts

The stock of Team Health Holdings Incorporated (NYSE:TMH) registered an increase of 1.45% in short interest. TMH’s total short interest was 4.79 million shares in November as published by FINRA. Its up 1.45% from 4.72M shares, reported previously. With 579,700 shares average volume, it will take short sellers 8 days to cover their TMH’s short positions. The short interest to Team Health Holdings Incorporated’s float is 7.87%. About 1.16 million shares traded hands. TeamHealth Holdings Inc (NYSE:TMH) has declined 0.87% since April 15, 2016 and is downtrending. It has underperformed by 5.50% the S&P500.

Team Health Holdings, Inc. is a United States physician services company. The company has a market cap of $3.19 billion. The Firm supplies outsourced healthcare professional staffing and administrative services to hospitals and other healthcare providers in the United States. It has a 159.1 P/E ratio. It operates through four divisions: Hospital Based Services, IPC Healthcare, Specialty Services and Other Services.

Insitutional Activity: The institutional sentiment increased to 0.93 in Q2 2016. Its up 0.18, from 0.75 in 2016Q1. The ratio improved, 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.
Pennant Capital Mngmt Ltd Limited Liability Company reported 2.81M shares or 2.93% of all its holdings. Credit Agricole S A last reported 160,708 shares in the company. Manufacturers Life Insur The accumulated 45,763 shares or 0% of the stock. Ameritas Inv Ptnrs holds 0.01% or 5,289 shares in its portfolio. Moreover, Thrivent Fin For Lutherans has 0.06% invested in TeamHealth Holdings Inc (NYSE:TMH) for 294,886 shares. Advsr Asset Mngmt last reported 0% of its portfolio in the stock. Kcg Holdings has 17,439 shares for 0.01% of their US portfolio. Engineers Gate Manager Ltd Partnership accumulated 0.03% or 10,200 shares. Arcadia Mngmt Mi has invested 0% of its portfolio in TeamHealth Holdings Inc (NYSE:TMH). Us Commercial Bank De has invested 0% of its portfolio in TeamHealth Holdings Inc (NYSE:TMH). National Bank Of Montreal Can owns 200 shares or 0% of their US portfolio. Washington Tru Commercial Bank last reported 0.03% of its portfolio in the stock. The Delaware-based Blackrock Limited Liability has invested 0% in TeamHealth Holdings Inc (NYSE:TMH). The New York-based Qs Invsts Ltd Limited Liability Company has invested 0.04% in TeamHealth Holdings Inc (NYSE:TMH). The New York-based Alliancebernstein Ltd Partnership has invested 0% in TeamHealth Holdings Inc (NYSE:TMH).

TeamHealth Holdings Inc (NYSE:TMH) Ratings Coverage

Out of 16 analysts covering Team Health Holdings (NYSE:TMH), 7 rate it a “Buy”, 0 “Sell”, while 9 “Hold”. This means 44% are positive. Team Health Holdings has been the topic of 38 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The rating was upgraded by Bank of America to “Buy” on Wednesday, November 4. The stock has “Buy” rating given by Zacks on Wednesday, August 26. Barclays Capital maintained the stock with “Overweight” rating in Thursday, August 4 report. Robert W. Baird downgraded the shares of TMH in a report on Monday, December 14 to “Neutral” rating. Citigroup initiated the stock with “Neutral” rating in Monday, September 26 report. The company was upgraded on Friday, August 28 by Zacks. RBC Capital Markets maintained TeamHealth Holdings Inc (NYSE:TMH) on Tuesday, December 15 with “Outperform” rating. The company was maintained on Thursday, August 4 by UBS. The firm earned “Buy” rating on Wednesday, March 16 by Stifel Nicolaus. The firm earned “Mkt Perform” rating on Wednesday, October 26 by Leerink Swann.

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).

More important recent TeamHealth Holdings Inc (NYSE:TMH) news were published by: Wsj.com which released: “Blackstone to Acquire Team Health for About $3.2 Billion” on October 31, 2016, also Prnewswire.com published article titled: “TeamHealth (TMH) Alert: Johnson & Weaver, LLP Launches an Investigation into …”, Prnewswire.com published: “SHAREHOLDER UPDATE: Brodsky & Smith, LLC Announces an Investigation of The …” on November 11, 2016. More interesting news about TeamHealth Holdings Inc (NYSE:TMH) was released by: Prnewswire.com and their article: “Harwood Feffer LLP Announces Investigation of Team Health Holdings, Inc.” with publication date: October 31, 2016.

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By Linda Rogers


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