Pzena Investment Management LLC Purchases 46,539 Shares of TrueBlue, Inc. (NYSE:TBI)

Pzena Investment Management LLC increased its holdings in TrueBlue, Inc. (NYSE:TBI - Free Report) by 1.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,835,167 shares of the business services provider's stock after acquiring an additional 46,539 shares during the period. Pzena Investment Management LLC owned about 9.51% of TrueBlue worth $15,055,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC boosted its stake in TrueBlue by 217.2% in the first quarter. GAMMA Investing LLC now owns 8,135 shares of the business services provider's stock valued at $43,000 after acquiring an additional 5,570 shares during the last quarter. Proficio Capital Partners LLC purchased a new position in shares of TrueBlue during the 4th quarter valued at $116,000. MetLife Investment Management LLC grew its stake in shares of TrueBlue by 23.5% during the 4th 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 increased 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 worth $144,000 after acquiring an additional 3,393 shares during the last quarter. Finally, State of Wyoming raised its stake 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 acquiring an additional 3,134 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

TrueBlue Price Performance

Shares of TBI stock traded down $0.05 during trading on Monday, reaching $7.05. 179,526 shares of the company's stock traded hands, compared to its average volume of 236,638. 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 0.19, a quick ratio of 1.80 and a current ratio of 1.80. The firm's 50-day moving average is $6.27 and its 200 day moving average is $6.14.

TrueBlue (NYSE:TBI - Get Free Report) last announced its quarterly 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 firm had revenue of $370.25 million during the quarter, compared to the consensus estimate of $362.37 million. TrueBlue had a negative net margin of 9.02% and a negative return on equity of 8.25%. As a group, sell-side analysts expect that TrueBlue, Inc. will post 0.15 earnings per share for the current year.

About TrueBlue

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.