Leerink Swann Reiterates a Hold Rating on Team Health Holdings

By Ryan Adsit

In a report released today, Ana Gupte from Leerink Swann reiterated a Hold rating on Team Health Holdings (NYSE: TMH). The company’s shares opened today at $42.70.

Gupte commented:

“We estimate 3Q adj.”

According to TipRanks.com, Gupte is a 1-star analyst with an average return of -1.2% and a 34.6% success rate. Gupte covers the Healthcare sector, focusing on stocks such as WellCare Health Plans, Universal American, and Acadia Healthcare.

Currently, the analyst consensus on Team Health Holdings is Moderate Buy and the average price target is $36, representing a -15.7% downside.

In a report issued on October 31, Canaccord Genuity also downgraded the stock to Hold with a $43.50 price target.

Based on Team Health Holdings’ latest earnings report from June 30, the company posted quarterly revenue of $1.82B and quarterly net profit of $18.79M. In comparison, last year the company earned revenue of $1.53B and had a net profit of $35.44M.

Based on the recent corporate insider activity of 22 insiders, corporate insider sentiment is negative on the stock. Most recently, in August 2015, David P. Jones, the Executive VP and CFO of TMH sold 30,000 shares for a total of $1,894,200.

Team Health Holdings, Inc. operates as a holding company, which provides outsourced healthcare professional staffing and administrative services to hospitals, healthcare providers and emergency departments. The company also provides comprehensive programs for hospital medicine, anesthesiology, urgent care, pediatrics and other healthcare services by providing permanent staffing. It operates through four segments: Hospital Based Services, IPC Healthcare, Specialty Services, and Other Services. The Hospital Based Services segment, which is an aggregation of emergency medicine, anesthesia, and its legacy acute care staffing services primarily within hospital settings, provides comprehensive 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 comprehensive acute hospital medicine and post-acute 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 comprehensive healthcare service programs to users of healthcare services 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 comprehensive healthcare services. Team Health Holdings was founded by Lynn Massingale in 1979 and is headquartered in Knoxville, TN.