TrueBlue, Inc. (NYSE:TBI) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. lessened its holdings in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 50.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 106,718 shares of the business services provider's stock after selling 110,599 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.36% of TrueBlue worth $567,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in TrueBlue by 217.2% during the 1st quarter. GAMMA Investing LLC now owns 8,135 shares of the business services provider's stock worth $43,000 after purchasing an additional 5,570 shares during the last quarter. Proficio Capital Partners LLC acquired a new stake in TrueBlue during the 4th quarter worth $116,000. MetLife Investment Management LLC boosted its stake in TrueBlue by 23.5% during the 4th quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider's stock worth $133,000 after purchasing an additional 3,028 shares during the last quarter. Wells Fargo & Company MN boosted its stake in TrueBlue by 24.7% during the 4th quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider's stock worth $144,000 after purchasing an additional 3,393 shares during the last quarter. Finally, State of Wyoming boosted its stake in TrueBlue by 17.4% during the 4th quarter. State of Wyoming now owns 21,192 shares of the business services provider's stock worth $178,000 after purchasing an additional 3,134 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

TrueBlue Trading Up 0.5%

Shares of TBI stock traded up $0.04 on Monday, hitting $6.86. 172,654 shares of the stock traded hands, compared to its average volume of 246,850. The firm's 50-day moving average price is $5.36 and its two-hundred day moving average price is $6.39. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.80 and a current ratio of 1.80. The stock has a market capitalization of $204.75 million, a PE ratio of -1.49 and a beta of 1.52. TrueBlue, Inc. has a twelve month low of $3.45 and a twelve month high of $12.29.

TrueBlue (NYSE:TBI - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The business services provider reported ($0.40) earnings per share for the quarter, missing the consensus estimate of ($0.23) by ($0.17). The firm had revenue of $370.25 million for the quarter, compared to analyst estimates of $362.37 million. TrueBlue had a negative net margin of 9.02% and a negative return on equity of 8.25%. As a group, analysts anticipate that TrueBlue, Inc. will post 0.15 EPS for the current year.

Analysts Set New Price Targets

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 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.