Jane Street Group LLC Decreases Position in TrueBlue, Inc. (NYSE:TBI)

Jane Street Group LLC trimmed its position in TrueBlue, Inc. (NYSE:TBI - Free Report) by 42.8% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 91,152 shares of the business services provider's stock after selling 68,336 shares during the period. Jane Street Group LLC owned 0.31% of TrueBlue worth $766,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of TBI. SG Americas Securities LLC bought a new stake in shares of TrueBlue in the 4th quarter valued at approximately $108,000. Proficio Capital Partners LLC bought a new position in TrueBlue during the fourth quarter worth about $116,000. MetLife Investment Management LLC raised its holdings in shares of TrueBlue by 23.5% during the fourth quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider's stock worth $133,000 after acquiring an additional 3,028 shares during the period. Wells Fargo & Company MN grew its stake 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 buying an additional 3,393 shares in the last quarter. Finally, Boston Partners bought a new stake in shares of TrueBlue during the 4th quarter valued at $265,000. 97.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

TrueBlue Trading Up 0.2%

TBI stock traded up $0.01 during trading on Wednesday, hitting $6.13. 131,831 shares of the company traded hands, compared to its average volume of 253,193. The firm has a market capitalization of $183.07 million, a PE ratio of -1.47, a P/E/G ratio of 3.01 and a beta of 1.39. The company has a 50-day moving average of $4.92 and a 200-day moving average of $6.52. TrueBlue, Inc. has a 1 year low of $3.45 and a 1 year high of $12.29. 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 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). TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. The firm had revenue of $370.25 million during the quarter, compared to the consensus estimate of $362.37 million. Analysts predict 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.