Jacobs Levy Equity Management Inc. Sells 177,305 Shares of TrueBlue, Inc. (NYSE:TBI)

Jacobs Levy Equity Management Inc. cut its stake in TrueBlue, Inc. (NYSE:TBI - Free Report) by 31.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 390,465 shares of the business services provider's stock after selling 177,305 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.32% of TrueBlue worth $3,280,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Barclays PLC grew its position in TrueBlue by 95.7% in the third quarter. Barclays PLC now owns 67,353 shares of the business services provider's stock worth $531,000 after acquiring an additional 32,940 shares in the last quarter. Raymond James Financial Inc. purchased a new position in TrueBlue in the fourth quarter worth $478,000. Invesco Ltd. grew its position in TrueBlue by 1.4% in the fourth quarter. Invesco Ltd. now owns 2,032,941 shares of the business services provider's stock worth $17,077,000 after acquiring an additional 27,515 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in TrueBlue in the fourth quarter worth $978,000. Finally, Russell Investments Group Ltd. grew its position in TrueBlue by 189.4% in the fourth quarter. Russell Investments Group Ltd. now owns 147,200 shares of the business services provider's stock worth $1,236,000 after acquiring an additional 96,340 shares in the last quarter. 97.15% of the stock is currently owned by hedge funds and other institutional investors.

TrueBlue Trading Down 4.2%

NYSE TBI traded down $0.25 during trading on Tuesday, hitting $5.75. 52,994 shares of the company's stock traded hands, compared to its average volume of 251,563. The stock has a fifty day moving average of $4.92 and a two-hundred day moving average of $6.60. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.85. TrueBlue, Inc. has a 12-month low of $3.45 and a 12-month high of $12.29. The firm has a market cap of $171.72 million, a P/E ratio of -1.38, a PEG ratio of 3.01 and a beta of 1.39.

TrueBlue (NYSE:TBI - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.17). TrueBlue had a negative net margin of 8.02% and a negative return on equity of 3.90%. The business had revenue of $370.25 million for the quarter, compared to analysts' expectations of $362.37 million. As a group, sell-side analysts expect that TrueBlue, Inc. will post 0.15 EPS for the current year.

Analyst Ratings Changes

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

Insider Buying and Selling at TrueBlue

In other news, CFO Carl Schweihs bought 10,000 shares of the company's stock in a transaction dated Monday, February 24th. The stock was bought at an average cost of $6.25 per share, for a total transaction of $62,500.00. Following the completion of the acquisition, the chief financial officer now owns 166,551 shares in the company, valued at approximately $1,040,943.75. This trade represents a 6.39% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Taryn R. Owen bought 12,735 shares of the company's stock in a transaction dated Wednesday, February 26th. The shares were purchased at an average price of $5.94 per share, with a total value of $75,645.90. Following the completion of the acquisition, the chief executive officer now owns 414,932 shares of the company's stock, valued at $2,464,696.08. This trade represents a 3.17% increase in their position. The disclosure for this purchase can be found here. Insiders acquired a total of 25,235 shares of company stock worth $151,271 over the last three months. Company insiders own 5.00% of the company's stock.

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.