TrueBlue, Inc. (NYSE:TBI) Shares Sold by Numerai GP LLC

Numerai GP LLC cut its position in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 185,290 shares of the business services provider's stock after selling 48,514 shares during the quarter. Numerai GP LLC owned 0.63% of TrueBlue worth $1,556,000 as of its most recent filing with the SEC.

A number of other hedge funds have also modified their holdings of the stock. Barclays PLC grew its stake in shares of TrueBlue by 95.7% in the 3rd quarter. Barclays PLC now owns 67,353 shares of the business services provider's stock valued at $531,000 after purchasing an additional 32,940 shares during the period. SG Americas Securities LLC bought a new stake in shares of TrueBlue during the fourth quarter worth about $108,000. Empowered Funds LLC raised its position in TrueBlue by 5.1% in the 4th quarter. Empowered Funds LLC now owns 172,069 shares of the business services provider's stock valued at $1,445,000 after buying an additional 8,327 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of TrueBlue during the fourth quarter worth $978,000. Finally, Raymond James Financial Inc. purchased a new stake in TrueBlue during the fourth quarter valued at about $478,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at TrueBlue

In other news, CEO Taryn R. Owen acquired 12,735 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average cost of $5.94 per share, for a total transaction of $75,645.90. Following the completion of the transaction, the chief executive officer now owns 414,932 shares of the company's stock, valued at $2,464,696.08. The trade was a 3.17% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Carl Schweihs acquired 10,000 shares of TrueBlue stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $6.25 per share, for a total transaction of $62,500.00. Following the completion of the transaction, 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 disclosure for this purchase can be found here. Insiders have purchased a total of 25,235 shares of company stock worth $151,271 over the last ninety days. Insiders own 5.00% of the company's stock.

Wall Street Analysts Forecast Growth

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

TrueBlue Price Performance

Shares of TBI stock traded up $0.34 during trading hours on Monday, hitting $5.94. The company's stock had a trading volume of 120,378 shares, compared to its average volume of 250,736. The business has a fifty day moving average of $4.90 and a 200-day moving average of $6.61. TrueBlue, Inc. has a twelve month low of $3.45 and a twelve month high of $12.29. The company has a current ratio of 1.73, a quick ratio of 1.85 and a debt-to-equity ratio of 0.02. The stock has a market cap of $177.39 million, a price-to-earnings ratio of -1.42, a P/E/G ratio of 3.01 and a beta of 1.39.

TrueBlue (NYSE:TBI - Get Free Report) last posted its quarterly earnings data 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). The firm had revenue of $370.25 million for the quarter, compared to the consensus estimate of $362.37 million. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. As a group, equities research analysts anticipate that TrueBlue, Inc. will post 0.15 EPS for the current 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.