Bank of America Corp DE Buys 45,509 Shares of TrueBlue, Inc. (NYSE:TBI)

Bank of America Corp DE grew its position in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 143.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,327 shares of the business services provider's stock after acquiring an additional 45,509 shares during the quarter. Bank of America Corp DE owned 0.26% of TrueBlue worth $650,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TBI. SG Americas Securities LLC purchased a new position in TrueBlue during the fourth quarter worth about $108,000. Proficio Capital Partners LLC bought a new position in shares of TrueBlue during the 4th quarter worth approximately $116,000. MetLife Investment Management LLC boosted its stake in shares of TrueBlue by 23.5% in the 4th quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider's stock worth $133,000 after buying an additional 3,028 shares during the last quarter. Wells Fargo & Company MN grew its holdings in shares of TrueBlue by 24.7% in the fourth quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider's stock valued at $144,000 after acquiring an additional 3,393 shares in the last quarter. Finally, Manatuck Hill Partners LLC bought a new position in shares of TrueBlue in the fourth quarter valued at approximately $252,000. Institutional investors own 97.15% of the company's stock.

Analyst Ratings Changes

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

TrueBlue Stock Performance

TBI stock traded down $0.14 during mid-day trading on Friday, hitting $6.62. The company had a trading volume of 179,996 shares, compared to its average volume of 247,247. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.73. The firm has a market cap of $197.70 million, a PE ratio of -1.59, a price-to-earnings-growth ratio of 3.01 and a beta of 1.52. TrueBlue, Inc. has a 12 month low of $3.45 and a 12 month high of $12.29. The stock's fifty day moving average price is $5.09 and its two-hundred day moving average price is $6.44.

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

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.