Nuveen Asset Management LLC Has $4.71 Million Holdings in TrueBlue, Inc. (NYSE:TBI)

Nuveen Asset Management LLC increased its position in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 262.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 561,093 shares of the business services provider's stock after purchasing an additional 406,405 shares during the quarter. Nuveen Asset Management LLC owned approximately 1.90% of TrueBlue worth $4,713,000 at the end of the most recent quarter.

Other hedge funds have also made changes to their positions in the company. Invenomic Capital Management LP grew its holdings in TrueBlue by 45.5% during the 4th quarter. Invenomic Capital Management LP now owns 341,383 shares of the business services provider's stock worth $2,868,000 after acquiring an additional 106,736 shares during the last quarter. Bank of America Corp DE grew its holdings in TrueBlue by 143.0% during the 4th quarter. Bank of America Corp DE now owns 77,327 shares of the business services provider's stock worth $650,000 after acquiring an additional 45,509 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in TrueBlue by 3.5% during the 4th quarter. BNP Paribas Financial Markets now owns 48,329 shares of the business services provider's stock worth $406,000 after acquiring an additional 1,642 shares during the last quarter. Manatuck Hill Partners LLC bought a new stake in TrueBlue during the 4th quarter worth about $252,000. Finally, Northern Trust Corp grew its holdings in TrueBlue by 2.5% during the 4th quarter. Northern Trust Corp now owns 272,371 shares of the business services provider's stock worth $2,288,000 after acquiring an additional 6,547 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company's stock.

TrueBlue Trading Down 0.5%

Shares of NYSE:TBI traded down $0.03 during mid-day trading on Wednesday, reaching $5.97. The stock had a trading volume of 288,924 shares, compared to its average volume of 248,878. The firm has a market cap of $178.29 million, a PE ratio of -1.44, a price-to-earnings-growth ratio of 3.01 and a beta of 1.39. The firm has a 50 day simple moving average of $4.95 and a two-hundred day simple moving average of $6.47. The company has a current ratio of 1.73, a quick ratio of 1.85 and a debt-to-equity ratio of 0.02. TrueBlue, Inc. has a twelve month low of $3.45 and a twelve month high of $12.29.

TrueBlue (NYSE:TBI - Get Free Report) last announced its earnings results 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). The company had revenue of $370.25 million for the quarter, compared to analyst estimates of $362.37 million. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. On average, research analysts predict that TrueBlue, Inc. will post 0.15 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

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.