Azarias Capital Management L.P. Has $5.83 Million Stock Holdings in TrueBlue, Inc. $TBI

Key Points

• Azarias Capital Management L.P. reduced its stake in TrueBlue, Inc. by 16.3%, owning 899,119 shares valued at approximately $5.83 million after selling 174,950 shares during the second quarter.
• TrueBlue's stock is currently held predominately by institutional investors, with 97.15% ownership, as various firms have made significant adjustments to their holdings, including Peapod Lane Capital and GSA Capital Partners.
• TrueBlue recently reported earnings per share of ($0.07), beating analyst expectations, although the company also faced a negative net margin of 2.21% and a market capitalization of $181.04 million.

Azarias Capital Management L.P. lessened its holdings in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 16.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 899,119 shares of the business services provider's stock after selling 174,950 shares during the period. TrueBlue makes up approximately 2.6% of Azarias Capital Management L.P.'s holdings, making the stock its 13th largest position. Azarias Capital Management L.P. owned 3.01% of TrueBlue worth $5,826,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Peapod Lane Capital LLC acquired a new position in shares of TrueBlue during the first quarter worth approximately $1,385,000. GSA Capital Partners LLP raised its stake in TrueBlue by 527.3% during the 1st quarter. GSA Capital Partners LLP now owns 287,625 shares of the business services provider's stock valued at $1,527,000 after purchasing an additional 241,777 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of TrueBlue by 46.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 613,852 shares of the business services provider's stock valued at $3,260,000 after buying an additional 194,155 shares during the last quarter. Bank of America Corp DE raised its position in shares of TrueBlue by 143.0% during the fourth quarter. Bank of America Corp DE now owns 77,327 shares of the business services provider's stock valued at $650,000 after buying an additional 45,509 shares during the last quarter. Finally, Pzena Investment Management LLC raised its position in shares of TrueBlue by 1.7% during the first quarter. Pzena Investment Management LLC now owns 2,835,167 shares of the business services provider's stock valued at $15,055,000 after buying an additional 46,539 shares during the last quarter. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on TBI. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of TrueBlue in a research report on Saturday, September 27th. BMO Capital Markets upped their price target on TrueBlue from $7.00 to $8.00 and gave the company an "outperform" rating in a report on Wednesday, August 6th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, TrueBlue presently has a consensus rating of "Hold" and an average price target of $8.00.

TrueBlue Stock Performance

NYSE:TBI opened at $6.06 on Friday. TrueBlue, Inc. has a 12-month low of $3.45 and a 12-month high of $9.05. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $181.04 million, a PE ratio of -5.27 and a beta of 1.54. The firm has a 50-day moving average price of $6.14 and a 200 day moving average price of $5.85.

TrueBlue (NYSE:TBI - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The business services provider reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.31) by $0.24. TrueBlue had a negative net margin of 2.21% and a negative return on equity of 5.74%. The firm had revenue of $396.30 million during the quarter, compared to analyst estimates of $400.52 million. TrueBlue has set its Q3 2025 guidance at EPS. Research analysts anticipate that TrueBlue, Inc. will post 0.15 earnings per share 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.

Want to see what other hedge funds are holding TBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TrueBlue, Inc. (NYSE:TBI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.