The stock of TeamHealth Holdings Inc (NYSE:TMH) is a huge mover today! About 4.05 million shares traded hands or 536.39% up from the average. TeamHealth Holdings Inc (NYSE:TMH) has declined 15.30% since March 2, 2016 and is downtrending. It has underperformed by 23.56% the S&P500.
The move comes after 6 months positive chart setup for the $3.46B company. It was reported on Oct, 5 by Barchart.com. We have $66.02 PT which if reached, will make NYSE:TMH worth $2.25 billion more.
Analysts await TeamHealth Holdings Inc (NYSE:TMH) to report earnings on November, 1. They expect $0.73 earnings per share, up 7.35% or $0.05 from last year’s $0.68 per share. TMH’s profit will be $63.13M for 13.70 P/E if the $0.73 EPS becomes a reality. After $0.66 actual earnings per share 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 14 analysts covering Team Health Holdings (NYSE:TMH), 9 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 64% are positive. Team Health Holdings has been the topic of 34 analyst reports since August 5, 2015 according to StockzIntelligence Inc. Zacks upgraded TeamHealth Holdings Inc (NYSE:TMH) on Tuesday, September 8 to “Buy” rating. Zacks downgraded the stock to “Buy” rating in Wednesday, August 26 report. The stock has “Buy” rating given by Canaccord Genuity on Wednesday, December 9. The firm earned “Buy” rating on Wednesday, August 5 by Leerink Swann. As per Friday, September 25, the company rating was initiated by Jefferies. The stock of TeamHealth Holdings Inc (NYSE:TMH) has “Buy” rating given on Tuesday, February 9 by Stifel Nicolaus. The company was maintained on Thursday, November 5 by Stifel Nicolaus. The rating was maintained by Barclays Capital on Thursday, August 4 with “Overweight”. On Monday, March 14 the stock rating was downgraded by JP Morgan to “Neutral”. On Wednesday, September 16 the stock rating was initiated by Canaccord Genuity 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 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.
Teacher Retirement Of Texas holds 0% or 10,162 shares in its portfolio. Columbia Wanger Asset Management Ltd Limited Liability Company, a Illinois-based fund reported 164,002 shares. Gotham Asset Mgmt Limited has invested 0.02% of its portfolio in TeamHealth Holdings Inc (NYSE:TMH). Credit Suisse Ag accumulated 79,930 shares or 0% of the stock. Swiss Comml Bank reported 122,700 shares or 0.01% of all its holdings. Gabelli Funds Limited Liability Com last reported 84,000 shares in the company. Alpine Woods Capital Ltd Co owns 18,900 shares or 0.05% of their US portfolio. Moreover, Tributary Capital Mgmt Ltd Llc has 0.76% invested in TeamHealth Holdings Inc (NYSE:TMH) for 128,717 shares. Fil Ltd reported 973,091 shares or 0.13% of all its holdings. Springbok Capital Mgmt Ltd Liability Corporation has invested 0% of its portfolio in TeamHealth Holdings Inc (NYSE:TMH). Thrivent For Lutherans holds 294,886 shares or 0.06% of its portfolio. Tiaa Cref Inv Management Ltd Co holds 0.01% or 213,371 shares in its portfolio. Tci Wealth Advisors Inc accumulated 350 shares or 0.01% of the stock. Citadel Advsr Limited Liability owns 57,262 shares or 0% of their US portfolio. Teachers Advsr Incorporated accumulated 284,078 shares or 0.02% of the stock.
More notable recent TeamHealth Holdings Inc (NYSE:TMH) news were published by: Wsj.com which released: “Team Health Exploring a Possible Sale” on October 04, 2016, also Benzinga.com with their article: “Benzinga’s Volume Movers” published on October 05, 2016, Twst.com published: “TeamHealth Holdings Inc.: TeamHealth Acquires Florida Emergency Physicians” on October 03, 2016. More interesting news about TeamHealth Holdings Inc (NYSE:TMH) were released by: Prnewswire.com and their article: “Team Health Holdings, Inc. Announces Second Quarter 2016 Financial Results” published on August 02, 2016 as well as Prnewswire.com‘s news article titled: “Team Health Holdings, Inc. Announces First Quarter 2016 Financial Results” with publication date: May 09, 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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