Vanguard Group Inc. Reduces Stake in TrueBlue, Inc. (NYSE:TBI)

Vanguard Group Inc. decreased its holdings in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 16.7% in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund owned 3,458,476 shares of the business services provider's stock after selling 693,803 shares during the period. Vanguard Group Inc. owned approximately 11.11% of TrueBlue worth $50,736,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TBI. Quarry LP raised its position in shares of TrueBlue by 327.2% during the 1st quarter. Quarry LP now owns 1,713 shares of the business services provider's stock valued at $30,000 after acquiring an additional 1,312 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of TrueBlue by 299.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,586 shares of the business services provider's stock valued at $46,000 after acquiring an additional 1,938 shares during the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of TrueBlue during the 3rd quarter valued at $47,000. Royal Bank of Canada raised its position in shares of TrueBlue by 76.3% during the 2nd quarter. Royal Bank of Canada now owns 3,173 shares of the business services provider's stock valued at $56,000 after acquiring an additional 1,373 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of TrueBlue in the 2nd quarter valued at $58,000. Institutional investors own 97.15% of the company's stock.

TrueBlue Stock Up 1.0 %

Shares of TBI traded up $0.12 during trading hours on Tuesday, reaching $11.96. The stock had a trading volume of 299,838 shares, compared to its average volume of 439,631. TrueBlue, Inc. has a 52 week low of $10.15 and a 52 week high of $19.06. The firm has a 50-day moving average of $12.29 and a 200 day moving average of $13.46. The company has a market cap of $375.41 million, a P/E ratio of -26.67 and a beta of 1.48.

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