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

Numerai GP LLC trimmed its position in TrueBlue, Inc. (NYSE:TBI - Free Report) by 20.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Royce & Associates LP raised its holdings in shares of TrueBlue by 40.8% in the fourth quarter. Royce & Associates LP now owns 1,523,193 shares of the business services provider's stock valued at $12,795,000 after acquiring an additional 441,108 shares in the last quarter. RBF Capital LLC raised its holdings in shares of TrueBlue by 852.8% in the fourth quarter. RBF Capital LLC now owns 381,136 shares of the business services provider's stock valued at $3,202,000 after acquiring an additional 341,136 shares in the last quarter. Advantage Alpha Capital Partners LP bought a new stake in shares of TrueBlue in the fourth quarter valued at about $1,980,000. Proficio Capital Partners LLC bought a new stake in shares of TrueBlue in the fourth quarter valued at about $978,000. Finally, JPMorgan Chase & Co. raised its holdings in shares of TrueBlue by 99.6% in the fourth quarter. JPMorgan Chase & Co. now owns 218,552 shares of the business services provider's stock valued at $1,836,000 after acquiring an additional 109,041 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company's stock.

Insider Transactions at TrueBlue

In other TrueBlue news, CFO Carl Schweihs bought 10,000 shares of TrueBlue stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average cost of $6.25 per share, with a total value of $62,500.00. Following the transaction, the chief financial officer now directly owns 166,551 shares of the company's stock, valued at approximately $1,040,943.75. This represents a 6.39% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Taryn R. Owen bought 12,735 shares of TrueBlue stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired 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 directly owns 414,932 shares in the company, valued at $2,464,696.08. This represents a 3.17% increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders purchased 25,235 shares of company stock valued at $151,271. Corporate insiders own 5.00% of the company's stock.

Analyst Ratings Changes

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

TrueBlue Stock Up 9.6%

Shares of TBI traded up $0.49 during trading hours on Friday, hitting $5.63. The company had a trading volume of 582,862 shares, compared to its average volume of 250,922. The company has a market capitalization of $168.19 million, a PE ratio of -1.35, a price-to-earnings-growth ratio of 3.01 and a beta of 1.39. 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 one year low of $3.45 and a one year high of $12.29. The company's fifty day moving average price is $4.90 and its two-hundred day moving average price is $6.62.

TrueBlue (NYSE:TBI - Get Free Report) last released 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 company had revenue of $370.25 million during 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 analysts forecast that TrueBlue, Inc. will post 0.15 earnings per share for the current fiscal year.

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.