Pzena Investment Management LLC Has $15.06 Million Stake in TrueBlue, Inc. (NYSE:TBI)

Pzena Investment Management LLC boosted its holdings in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 1.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,835,167 shares of the business services provider's stock after purchasing 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.

Several other hedge funds and other institutional investors also recently modified their holdings of TBI. Proficio Capital Partners LLC bought a new position in shares of TrueBlue in the 4th quarter valued at $116,000. Raymond James Financial Inc. bought a new position in shares of TrueBlue in the 4th quarter valued at $478,000. Boston Partners bought a new position in shares of TrueBlue in the 4th quarter valued at $265,000. Advantage Alpha Capital Partners LP bought a new stake in TrueBlue during the 4th quarter worth $1,980,000. Finally, JPMorgan Chase & Co. increased its holdings in TrueBlue by 99.6% in the 4th quarter. JPMorgan Chase & Co. now owns 218,552 shares of the business services provider's stock worth $1,836,000 after purchasing an additional 109,041 shares in the last quarter. Institutional investors own 97.15% of the company's stock.

TrueBlue Price Performance

Shares of TBI opened at $6.90 on Friday. TrueBlue, Inc. has a 12-month low of $3.45 and a 12-month high of $12.29. The business has a 50-day simple moving average of $6.22 and a two-hundred day simple moving average of $6.18. The company has a quick ratio of 1.80, a current ratio of 1.80 and a debt-to-equity ratio of 0.19. The stock has a market cap of $206.15 million, a PE ratio of -1.50 and a beta of 1.53.

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 (EPS) for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.17). TrueBlue had a negative return on equity of 8.25% and a negative net margin of 9.02%. The firm had revenue of $370.25 million during the quarter, compared to analyst estimates of $362.37 million. Analysts anticipate 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.

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