TrueBlue, Inc. (NYSE:TBI) Shares Sold by LSV Asset Management

LSV Asset Management decreased its holdings in TrueBlue, Inc. (NYSE:TBI - Free Report) by 54.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 70,941 shares of the business services provider's stock after selling 84,859 shares during the period. LSV Asset Management owned 0.23% of TrueBlue worth $1,088,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TBI. Amalgamated Bank lifted its stake in shares of TrueBlue by 10.4% in the 3rd quarter. Amalgamated Bank now owns 13,151 shares of the business services provider's stock valued at $193,000 after purchasing an additional 1,234 shares during the last quarter. Deutsche Bank AG increased its stake in TrueBlue by 5.5% in the 3rd quarter. Deutsche Bank AG now owns 35,999 shares of the business services provider's stock worth $528,000 after buying an additional 1,885 shares during the period. SG Americas Securities LLC increased its position in shares of TrueBlue by 12.8% during the fourth quarter. SG Americas Securities LLC now owns 19,931 shares of the business services provider's stock worth $306,000 after acquiring an additional 2,268 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TrueBlue by 46.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,483 shares of the business services provider's stock valued at $168,000 after acquiring an additional 3,635 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. boosted its holdings in shares of TrueBlue by 1.6% in the third quarter. Jacobs Levy Equity Management Inc. now owns 300,211 shares of the business services provider's stock valued at $4,404,000 after purchasing an additional 4,841 shares during the period. Hedge funds and other institutional investors own 97.15% of the company's stock.

TrueBlue Trading Down 3.2 %

Shares of NYSE:TBI traded down $0.36 on Friday, reaching $10.82. The company had a trading volume of 291,122 shares, compared to its average volume of 407,417. The firm has a market capitalization of $339.47 million, a PE ratio of -24.81 and a beta of 1.51. TrueBlue, Inc. has a 52-week low of $10.15 and a 52-week high of $19.06. The firm's 50 day simple moving average is $11.36 and its 200-day simple moving average is $12.85.

TrueBlue (NYSE:TBI - Get Free Report) last issued its quarterly earnings data on Monday, May 6th. The business services provider reported $0.03 earnings per share for the quarter, beating analysts' consensus estimates of ($0.43) by $0.46. The company had revenue of $403.00 million for the quarter, compared to the consensus estimate of $400.24 million. TrueBlue had a positive return on equity of 2.39% and a negative net margin of 0.74%. The firm's revenue for the quarter was down 13.4% compared to the same quarter last year. During the same quarter last year, the company earned ($0.06) earnings per share. As a group, equities research analysts predict that TrueBlue, Inc. will post -0.51 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Robert W. Baird lowered their price objective on shares of TrueBlue from $14.00 to $13.00 and set an "outperform" rating for the company in a research note on Tuesday. BMO Capital Markets lowered their price target on shares of TrueBlue from $15.00 to $13.00 and set an "outperform" rating for the company in a research report on Wednesday.

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.