Numeric Investors LLC decreased its position in Trueblue Inc (NYSE:TBI) by 94.5% during the fourth quarter, Holdings Channel reports. The firm owned 55,081 shares of the company’s stock after selling 948,711 shares during the period. Numeric Investors LLC owned approximately 0.13% of Trueblue worth $1,358,000 as of its most recent filing with the SEC.
Several other institutional investors also recently bought and sold shares of TBI. Bank of New York Mellon Corp boosted its position in Trueblue by 8.3% in the third quarter. Bank of New York Mellon Corp now owns 4,664,466 shares of the company’s stock worth $105,696,000 after buying an additional 355,499 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Trueblue during the third quarter worth approximately $734,000. First Trust Advisors LP boosted its stake in shares of Trueblue by 81.3% in the third quarter. First Trust Advisors LP now owns 93,722 shares of the company’s stock worth $2,124,000 after buying an additional 42,018 shares during the last quarter. Punch & Associates Investment Management Inc. boosted its stake in shares of Trueblue by 0.6% in the third quarter. Punch & Associates Investment Management Inc. now owns 345,017 shares of the company’s stock worth $7,818,000 after buying an additional 2,197 shares during the last quarter. Finally, Rothschild Asset Management Inc. boosted its stake in shares of Trueblue by 7.2% in the third quarter. Rothschild Asset Management Inc. now owns 597,307 shares of the company’s stock worth $13,535,000 after buying an additional 40,231 shares during the last quarter. 88.46% of the stock is currently owned by institutional investors and hedge funds.
Shares of Trueblue Inc (NYSE:TBI) traded up 0.76% during midday trading on Friday, reaching $26.55. 294,833 shares of the company were exchanged. The firm’s 50 day moving average is $25.30 and its 200-day moving average is $22.65. Trueblue Inc has a 52-week low of $16.50 and a 52-week high of $27.57. The company’s market capitalization is $1.09 billion.
Trueblue (NYSE:TBI) last posted its earnings results on Wednesday, February 8th. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.02. The company had revenue of $734.95 million for the quarter, compared to analysts’ expectations of $703.86 million. Trueblue had a positive return on equity of 16.55% and a negative net margin of 0.55%. The firm’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same period last year, the business posted $0.66 earnings per share. On average, equities analysts forecast that Trueblue Inc will post $1.75 earnings per share for the current fiscal year.
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A number of equities research analysts recently commented on TBI shares. Avondale Partners raised shares of Trueblue from an “underperform” rating to a “market perform” rating in a research note on Monday, December 19th. Zacks Investment Research raised shares of Trueblue from a “sell” rating to a “hold” rating in a research note on Wednesday, December 21st. Finally, TheStreet raised shares of Trueblue from a “hold” rating to a “buy” rating in a research note on Friday, December 23rd. Two investment analysts have rated the stock with a sell rating and three have assigned a hold rating to the stock. Trueblue has a consensus rating of “Hold” and a consensus target price of $19.80.
In other Trueblue news, EVP James E. Defebaugh sold 2,000 shares of the firm’s stock in a transaction on Wednesday, February 15th. The stock was sold at an average price of $25.62, for a total value of $51,240.00. Following the sale, the executive vice president now directly owns 49,029 shares in the company, valued at $1,256,122.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP James E. Defebaugh sold 8,000 shares of the firm’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $25.15, for a total value of $201,200.00. Following the completion of the sale, the executive vice president now owns 53,284 shares in the company, valued at $1,340,092.60. The disclosure for this sale can be found here. Company insiders own 2.00% of the company’s stock.
TrueBlue, Inc (TrueBlue) is a provider of specialized workforce solutions. The Company is engaged in providing staffing, recruitment process outsourcing, and managed service provider solutions. The Company operates through two segments: Staffing Services and Managed Services. The Company offers on-premise temporary blue-collar staffing, and outsourced service offerings in recruitment process outsourcing (RPO) and management of contingent labor services providers (MSP) solutions.
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