TrueBlue, Inc. (NYSE:TBI) Shares Acquired by Russell Investments Group Ltd.

Russell Investments Group Ltd. boosted its holdings in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 189.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 147,200 shares of the business services provider's stock after buying an additional 96,340 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.50% of TrueBlue worth $1,236,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of TBI. Pzena Investment Management LLC raised its stake in TrueBlue by 0.3% in the 4th quarter. Pzena Investment Management LLC now owns 2,788,628 shares of the business services provider's stock worth $23,424,000 after acquiring an additional 8,511 shares during the last quarter. Royce & Associates LP raised its stake 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 worth $12,795,000 after purchasing an additional 441,108 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of TrueBlue by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 678,393 shares of the business services provider's stock worth $5,700,000 after purchasing an additional 4,499 shares during the period. State Street Corp lifted its holdings in shares of TrueBlue by 0.3% during the third quarter. State Street Corp now owns 665,901 shares of the business services provider's stock worth $5,254,000 after purchasing an additional 1,968 shares during the period. Finally, Advantage Alpha Capital Partners LP purchased a new stake in TrueBlue in the fourth quarter valued at approximately $1,980,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, CEO Taryn R. Owen purchased 12,735 shares of the business's stock in a transaction on Wednesday, February 26th. The shares were bought at an average price of $5.94 per share, for a total transaction of $75,645.90. Following the acquisition, the chief executive officer now directly owns 414,932 shares in the company, valued at $2,464,696.08. This trade represents a 3.17 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Carl Schweihs bought 10,000 shares of TrueBlue stock in a transaction that occurred on Monday, February 24th. The stock was purchased at an average cost of $6.25 per share, for a total transaction of $62,500.00. Following the acquisition, the chief financial officer now owns 166,551 shares of the company's stock, valued at $1,040,943.75. This represents a 6.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have purchased 25,235 shares of company stock valued at $151,271. Company insiders own 5.00% of the company's stock.

TrueBlue Price Performance

Shares of NYSE TBI traded down $0.17 during mid-day trading on Friday, reaching $4.30. The company's stock had a trading volume of 25,497 shares, compared to its average volume of 233,336. The stock has a 50-day moving average of $5.39 and a two-hundred day moving average of $6.94. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.73. The stock has a market capitalization of $127.74 million, a P/E ratio of -1.03, a P/E/G ratio of 3.01 and a beta of 1.42. TrueBlue, Inc. has a 1-year low of $3.95 and a 1-year high of $12.29.

TrueBlue (NYSE:TBI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The business services provider reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.14. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. The business had revenue of $385.95 million for the quarter, compared to analyst estimates of $385.04 million. On average, equities research analysts anticipate that TrueBlue, Inc. will post 0.15 EPS 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.