Bridgeway Capital Management LLC Sells 73,681 Shares of TrueBlue, Inc. (NYSE:TBI)

Bridgeway Capital Management LLC decreased its holdings in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 19.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 301,519 shares of the business services provider's stock after selling 73,681 shares during the quarter. Bridgeway Capital Management LLC owned about 1.02% of TrueBlue worth $2,533,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC purchased a new position in shares of TrueBlue during the 4th quarter valued at $108,000. Proficio Capital Partners LLC purchased a new stake in TrueBlue during the fourth quarter valued at about $116,000. MetLife Investment Management LLC boosted its position in TrueBlue by 23.5% during the fourth quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider's stock valued at $133,000 after buying an additional 3,028 shares during the period. Wells Fargo & Company MN boosted its position in TrueBlue by 24.7% during the fourth quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider's stock valued at $144,000 after buying an additional 3,393 shares during the period. Finally, Manatuck Hill Partners LLC purchased a new stake in TrueBlue during the fourth quarter valued at about $252,000. Institutional investors own 97.15% of the company's stock.

Analyst Upgrades and Downgrades

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

TrueBlue Trading Up 20.0%

TBI stock traded up $0.93 during trading on Tuesday, reaching $5.58. The company had a trading volume of 3,794,459 shares, compared to its average volume of 247,376. TrueBlue, Inc. has a 52 week low of $3.45 and a 52 week high of $12.29. The company has a market cap of $166.64 million, a P/E ratio of -1.34, a PEG ratio of 3.01 and a beta of 1.39. The business has a 50 day moving average of $4.92 and a 200 day moving average of $6.67. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.85.

TrueBlue (NYSE:TBI - Get Free Report) last announced its earnings results on Monday, May 5th. The business services provider reported ($0.40) earnings per share for the quarter, missing analysts' consensus estimates of ($0.23) by ($0.17). TrueBlue had a negative net margin of 8.02% and a negative return on equity of 3.90%. The business had revenue of $370.25 million for the quarter, compared to the consensus estimate of $362.37 million. As a group, sell-side analysts forecast that TrueBlue, Inc. will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at TrueBlue

In related news, CFO Carl Schweihs bought 10,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The shares were bought at an average price of $6.25 per share, for a total transaction of $62,500.00. Following the completion of the acquisition, the chief financial officer now owns 166,551 shares of the company's stock, valued at $1,040,943.75. This trade represents a 6.39% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Taryn R. Owen bought 12,735 shares of the company's stock in a transaction that occurred on Wednesday, February 26th. The stock was 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 of the company's stock, valued at $2,464,696.08. The trade was a 3.17% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 25,235 shares of company stock valued at $151,271. Corporate insiders own 5.00% of the company's stock.

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.