Fmr LLC Acquires 158,967 Shares of TrueBlue, Inc. (NYSE:TBI)

Fmr LLC boosted its holdings in TrueBlue, Inc. (NYSE:TBI) by 10.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,742,474 shares of the business services provider’s stock after acquiring an additional 158,967 shares during the period. Fmr LLC owned 0.06% of TrueBlue worth $13,748,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the business. Empowered Funds LLC raised its stake in TrueBlue by 34.2% in the 3rd quarter. Empowered Funds LLC now owns 163,742 shares of the business services provider’s stock valued at $1,292,000 after acquiring an additional 41,754 shares during the period. Royce & Associates LP increased its position in TrueBlue by 28.5% during the 3rd quarter. Royce & Associates LP now owns 1,082,085 shares of the business services provider’s stock worth $8,538,000 after buying an additional 239,740 shares during the period. GSA Capital Partners LLP increased its position in TrueBlue by 85.2% during the 3rd quarter. GSA Capital Partners LLP now owns 220,892 shares of the business services provider’s stock worth $1,743,000 after buying an additional 101,589 shares during the period. Assenagon Asset Management S.A. increased its position in TrueBlue by 33.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 386,432 shares of the business services provider’s stock worth $3,049,000 after buying an additional 96,072 shares during the period. Finally, Algert Global LLC bought a new position in TrueBlue during the 2nd quarter worth $208,000. Institutional investors own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

TBI has been the topic of several analyst reports. BMO Capital Markets reduced their target price on TrueBlue from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Tuesday, November 5th. StockNews.com raised TrueBlue from a “sell” rating to a “hold” rating in a report on Tuesday.

TrueBlue Stock Up 2.9 %

NYSE:TBI opened at $8.65 on Wednesday. The stock’s 50-day simple moving average is $7.51 and its 200 day simple moving average is $8.76. The firm has a market capitalization of $255.69 million, a PE ratio of -2.25 and a beta of 1.48. TrueBlue, Inc. has a twelve month low of $6.63 and a twelve month high of $16.14.

TrueBlue (NYSE:TBI) last released its quarterly earnings data on Monday, November 4th. The business services provider reported ($0.11) earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.04. The business had revenue of $382.36 million for the quarter, compared to analyst estimates of $386.07 million. TrueBlue had a negative return on equity of 2.69% and a negative net margin of 6.97%. TrueBlue’s revenue was down 19.2% compared to the same quarter last year. During the same period last year, the firm posted $0.16 earnings per share. On average, analysts anticipate that TrueBlue, Inc. will post -0.56 EPS for the current fiscal 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.