Ameriprise Financial Inc. Trims Stock Holdings in TrueBlue, Inc. (NYSE:TBI)

Ameriprise Financial Inc. trimmed its stake in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 32.9% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 239,150 shares of the business services provider's stock after selling 117,035 shares during the period. Ameriprise Financial Inc. owned 0.81% of TrueBlue worth $2,009,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Manatuck Hill Partners LLC purchased a new position in TrueBlue during the fourth quarter valued at $252,000. Northern Trust Corp grew its stake in shares of TrueBlue by 2.5% in the 4th quarter. Northern Trust Corp now owns 272,371 shares of the business services provider's stock worth $2,288,000 after buying an additional 6,547 shares in the last quarter. RBF Capital LLC grew its stake in shares of TrueBlue by 852.8% in the 4th quarter. RBF Capital LLC now owns 381,136 shares of the business services provider's stock worth $3,202,000 after buying an additional 341,136 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of TrueBlue by 29.6% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 49,301 shares of the business services provider's stock worth $415,000 after buying an additional 11,248 shares in the last quarter. Finally, Hsbc Holdings PLC grew its stake in shares of TrueBlue by 108.6% in the 4th quarter. Hsbc Holdings PLC now owns 39,489 shares of the business services provider's stock worth $323,000 after buying an additional 20,562 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised shares of TrueBlue from a "sell" rating to a "hold" rating in a research note on Sunday, March 2nd.

TrueBlue Price Performance

Shares of NYSE:TBI traded up $0.21 on Tuesday, reaching $6.00. The company's stock had a trading volume of 221,713 shares, compared to its average volume of 248,515. TrueBlue, Inc. has a 52-week low of $3.45 and a 52-week high of $12.29. The company has a market cap of $179.18 million, a P/E ratio of -1.44, a PEG ratio of 3.01 and a beta of 1.39. The company has a 50-day simple moving average of $4.94 and a 200 day simple moving average of $6.47. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.73.

TrueBlue (NYSE:TBI - Get Free Report) last issued its quarterly earnings data on Monday, May 5th. The business services provider reported ($0.40) EPS for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.17). The business had revenue of $370.25 million during the quarter, compared to analysts' expectations of $362.37 million. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. As a group, equities research analysts anticipate that TrueBlue, Inc. will post 0.15 EPS for the current fiscal year.

TrueBlue Profile

TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, the United Kingdom, Australia, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The company PeopleReady segment provides general, industrial, and skilled trade contingent staffing services for construction, transportation, manufacturing, retail, hospitality, and renewable energy industries.