TrueBlue, Inc. (NYSE:TBI) Shares Sold by Millennium Management LLC

Millennium Management LLC decreased its stake in TrueBlue, Inc. (NYSE:TBI - Free Report) by 24.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 441,662 shares of the business services provider's stock after selling 139,606 shares during the period. Millennium Management LLC owned approximately 1.49% of TrueBlue worth $3,710,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new stake in shares of TrueBlue in the 4th quarter worth approximately $108,000. Proficio Capital Partners LLC purchased a new stake in TrueBlue during the fourth quarter worth $116,000. MetLife Investment Management LLC grew its holdings in TrueBlue by 23.5% in the fourth 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 during the last quarter. Wells Fargo & Company MN increased its position 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, Manatuck Hill Partners LLC acquired a new position in shares of TrueBlue during the 4th quarter worth $252,000. Hedge funds and other institutional investors own 97.15% of the company's stock.

TrueBlue Price Performance

Shares of TBI traded down $0.03 during mid-day trading on Wednesday, reaching $5.97. 288,924 shares of the company's stock were exchanged, compared to its average volume of 248,878. The company has a quick ratio of 1.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.02. TrueBlue, Inc. has a 52-week low of $3.45 and a 52-week high of $12.29. The company has a market cap of $178.29 million, a price-to-earnings ratio of -1.44, a PEG ratio of 3.01 and a beta of 1.39. The company has a 50-day simple moving average of $4.94 and a two-hundred day simple moving average of $6.47.

TrueBlue (NYSE:TBI - Get Free Report) last released 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). TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. The company had revenue of $370.25 million for the quarter, compared to analysts' expectations of $362.37 million. On average, sell-side analysts predict that TrueBlue, Inc. will post 0.15 EPS for the current fiscal 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 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.