Rhumbline Advisers Has $2.40 Million Holdings in TrueBlue, Inc. (TBI)

Rhumbline Advisers raised its position in shares of TrueBlue, Inc. (NYSE:TBI) by 1.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 90,675 shares of the business services provider’s stock after purchasing an additional 1,338 shares during the quarter. Rhumbline Advisers owned 0.22% of TrueBlue worth $2,403,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Schwab Charles Investment Management Inc. lifted its holdings in TrueBlue by 1.5% during the first quarter. Schwab Charles Investment Management Inc. now owns 453,956 shares of the business services provider’s stock valued at $12,416,000 after purchasing an additional 6,795 shares in the last quarter. Citadel Advisors LLC lifted its holdings in TrueBlue by 362.2% during the first quarter. Citadel Advisors LLC now owns 73,966 shares of the business services provider’s stock valued at $2,023,000 after purchasing an additional 57,962 shares in the last quarter. Great West Life Assurance Co. Can lifted its holdings in TrueBlue by 4.2% during the second quarter. Great West Life Assurance Co. Can now owns 61,360 shares of the business services provider’s stock valued at $1,623,000 after purchasing an additional 2,500 shares in the last quarter. Swiss National Bank lifted its holdings in TrueBlue by 2.2% during the first quarter. Swiss National Bank now owns 70,000 shares of the business services provider’s stock valued at $1,915,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Alambic Investment Management L.P. lifted its holdings in TrueBlue by 1.8% during the first quarter. Alambic Investment Management L.P. now owns 22,100 shares of the business services provider’s stock valued at $604,000 after purchasing an additional 400 shares in the last quarter. 90.05% of the stock is currently owned by institutional investors and hedge funds.

Several equities analysts have weighed in on TBI shares. TheStreet raised shares of TrueBlue from a “c” rating to a “b” rating in a report on Monday, July 31st. ValuEngine downgraded shares of TrueBlue from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BMO Capital Markets reaffirmed a “hold” rating and set a $23.00 price target (down previously from $26.00) on shares of TrueBlue in a report on Friday, August 11th. BidaskClub downgraded shares of TrueBlue from a “buy” rating to a “hold” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded shares of TrueBlue from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. Two analysts have rated the stock with a sell rating and four have assigned a hold rating to the company. TrueBlue has an average rating of “Hold” and a consensus price target of $21.25.

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In other news, EVP Wayne W. Larkin sold 10,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $20.38, for a total transaction of $203,800.00. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 2.00% of the company’s stock.

TrueBlue, Inc. (NYSE TBI) opened at 21.55 on Wednesday. The stock has a 50 day moving average of $21.40 and a 200 day moving average of $25.33. TrueBlue, Inc. has a 12-month low of $16.50 and a 12-month high of $28.70. The stock has a market cap of $896.01 million, a P/E ratio of 15.22 and a beta of 2.38.

TrueBlue (NYSE:TBI) last announced its earnings results on Monday, July 31st. The business services provider reported $0.42 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.42. TrueBlue had a return on equity of 15.18% and a net margin of 2.27%. The firm had revenue of $610.10 million for the quarter, compared to analyst estimates of $610.04 million. During the same quarter last year, the firm posted $0.54 EPS. The business’s revenue was down 9.3% on a year-over-year basis. On average, equities research analysts anticipate that TrueBlue, Inc. will post $1.69 earnings per share for the current fiscal year.

TrueBlue Company Profile

TrueBlue, Inc is a provider of specialized workforce solutions. The Company is engaged in providing staffing, on-site workforce management and recruitment process outsourcing services. The Company operates through three segments: PeopleReady, PeopleManagement and PeopleScout. Its PeopleReady segment provides blue-collar contingent staffing through the PeopleReady service line.

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Institutional Ownership by Quarter for TrueBlue (NYSE:TBI)

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