SCHEDULE 13G/A: Barclays PLC Discloses 5.57% Passive Stake in TEAM INC Common Stock
Beneficial Ownership Disclosure
Barclays PLC has filed an amended Schedule 13G, reporting a 5.57% beneficial ownership stake in TEAM INC, holding 250,049 shares of common stock as of December 31, 2024.
Summary
- Barclays PLC, a United Kingdom-based entity, reported beneficial ownership of 250,049 shares of TEAM INC common stock.
- This ownership represents 5.57% of TEAM INC's total outstanding common stock.
- The filing indicates that Barclays PLC holds sole voting power and sole dispositive power over all 250,049 shares.
- The shares were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing the control of TEAM INC.
- Subsidiaries identified as acquiring the security include Barclays Bank PLC and Barclays Capital Inc.
- The event date requiring this filing was December 31, 2024, with the statement signed on March 21, 2025.
Sentiment
Score: 5
Explanation: The document is a standard Schedule 13G filing, which is a factual disclosure of beneficial ownership and does not contain subjective language or performance metrics that would indicate a positive or negative sentiment.
Positives
- The disclosure of a significant 5.57% stake by a major global financial institution like Barclays PLC could be interpreted by the market as a signal of institutional confidence in TEAM INC.
Future Outlook
NA
Industry Context
This Schedule 13G filing reflects a passive investment by a major global financial institution, Barclays PLC, in TEAM INC. Such filings are routine disclosures for institutional investors crossing certain ownership thresholds and do not inherently indicate broader industry trends beyond the specific investment decision.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder, potentially influencing investor perception and confidence.
- Employees, Customers, Suppliers, Creditors: No direct impact indicated by this beneficial ownership filing.
Key Dates
| Date | Description |
|---|---|
| 12/31/2024 | Date of the event which required the filing of this statement, indicating the beneficial ownership position. |
| 03/21/2025 | Signature date of the Schedule 13G Amendment No. 1 filing by Barclays PLC. |
Keywords
TEAM INC, Barclays PLC, Schedule 13G, Beneficial Ownership, Common Stock, SEC Filing, Institutional Investor, Financial Disclosure
Disclaimer:The information provided here is for general informational purposes only and does not constitute financial advice, recommendation, or endorsement of any kind. It may contain errors or omissions. You should not rely on this information to make financial decisions. Always seek the advice of a qualified financial professional before making any investment or financial decisions. Use of this information is at your own risk.