TrueBlue, Inc. (NYSE:TBI) Shares Sold by Azarias Capital Management L.P.

Azarias Capital Management L.P. cut its holdings in TrueBlue, Inc. (NYSE:TBI - Free Report) by 32.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,074,069 shares of the business services provider's stock after selling 516,447 shares during the period. TrueBlue comprises about 3.2% of Azarias Capital Management L.P.'s holdings, making the stock its 12th largest position. Azarias Capital Management L.P. owned about 3.62% of TrueBlue worth $5,703,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the business. GAMMA Investing LLC lifted its holdings in TrueBlue by 217.2% in the 1st quarter. GAMMA Investing LLC now owns 8,135 shares of the business services provider's stock valued at $43,000 after purchasing an additional 5,570 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in TrueBlue in the 4th quarter valued at about $116,000. MetLife Investment Management LLC lifted its holdings in TrueBlue by 23.5% in the 4th quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider's stock valued at $133,000 after purchasing an additional 3,028 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in TrueBlue by 24.7% in the 4th quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider's stock valued at $144,000 after purchasing an additional 3,393 shares in the last quarter. Finally, State of Wyoming lifted its holdings in TrueBlue by 17.4% in the 4th quarter. State of Wyoming now owns 21,192 shares of the business services provider's stock valued at $178,000 after purchasing an additional 3,134 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

TrueBlue Trading Up 0.5%

NYSE:TBI traded up $0.04 on Monday, reaching $6.86. The stock had a trading volume of 172,654 shares, compared to its average volume of 246,850. The company has a market cap of $204.75 million, a price-to-earnings ratio of -1.49 and a beta of 1.52. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.80 and a quick ratio of 1.80. The firm's fifty day moving average is $5.41 and its two-hundred day moving average is $6.38. TrueBlue, Inc. has a 12-month low of $3.45 and a 12-month high of $12.29.

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

Wall Street Analysts Forecast Growth

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

TrueBlue Company 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.