Assenagon Asset Management S.A. Acquires 206,757 Shares of TrueBlue, Inc. (NYSE:TBI)

Assenagon Asset Management S.A. raised its stake in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 209.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 305,693 shares of the business services provider's stock after buying an additional 206,757 shares during the period. Assenagon Asset Management S.A. owned 0.98% of TrueBlue worth $4,689,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Quarry LP raised its holdings in TrueBlue by 327.2% during the first quarter. Quarry LP now owns 1,713 shares of the business services provider's stock valued at $30,000 after buying an additional 1,312 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of TrueBlue by 299.1% in the second quarter. Tower Research Capital LLC TRC now owns 2,586 shares of the business services provider's stock valued at $46,000 after purchasing an additional 1,938 shares during the last quarter. Qube Research & Technologies Ltd acquired a new stake in shares of TrueBlue in the third quarter valued at about $47,000. Royal Bank of Canada grew its position in shares of TrueBlue by 76.3% in the second quarter. Royal Bank of Canada now owns 3,173 shares of the business services provider's stock valued at $56,000 after purchasing an additional 1,373 shares during the last quarter. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of TrueBlue in the second quarter valued at about $58,000. 97.15% of the stock is currently owned by institutional investors.

TrueBlue Stock Performance

Shares of NYSE:TBI traded down $0.28 during midday trading on Monday, hitting $12.24. The company's stock had a trading volume of 275,514 shares, compared to its average volume of 455,755. The stock has a market capitalization of $384.21 million, a price-to-earnings ratio of -27.20 and a beta of 1.48. The stock's 50 day simple moving average is $12.54 and its 200 day simple moving average is $13.54. TrueBlue, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $19.06.

TrueBlue (NYSE:TBI - Get Free Report) last issued its quarterly earnings results on Wednesday, February 21st. The business services provider reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.15) by $0.23. The company had revenue of $492.17 million for the quarter, compared to the consensus estimate of $472.53 million. TrueBlue had a positive return on equity of 2.39% and a negative net margin of 0.74%. The firm's revenue was down 11.7% compared to the same quarter last year. During the same period last year, the business posted $0.43 earnings per share. As a group, analysts anticipate that TrueBlue, Inc. will post -0.51 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.