Charles Schwab Investment Management Inc. Trims Stock Holdings in TrueBlue, Inc. (NYSE:TBI)

Charles Schwab Investment Management Inc. lessened its stake in shares of TrueBlue, Inc. (NYSE:TBI) by 32.5% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 419,697 shares of the business services provider’s stock after selling 202,485 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in TrueBlue were worth $3,525,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in TBI. FMR LLC raised its holdings in shares of TrueBlue by 10.0% in the 3rd quarter. FMR LLC now owns 1,742,474 shares of the business services provider’s stock valued at $13,748,000 after buying an additional 158,967 shares during the period. Proficio Capital Partners LLC acquired a new position in TrueBlue in the 4th quarter valued at about $978,000. RBF Capital LLC purchased a new stake in TrueBlue during the third quarter worth about $316,000. Barclays PLC lifted its position in shares of TrueBlue by 95.7% during the third quarter. Barclays PLC now owns 67,353 shares of the business services provider’s stock worth $531,000 after purchasing an additional 32,940 shares in the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in shares of TrueBlue by 230.1% in the third quarter. BNP Paribas Financial Markets now owns 46,687 shares of the business services provider’s stock valued at $368,000 after purchasing an additional 32,542 shares during the period. 97.15% of the stock is currently owned by institutional investors and hedge funds.

TrueBlue Price Performance

Shares of NYSE TBI opened at $5.82 on Friday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.85. The company has a market cap of $172.96 million, a price-to-earnings ratio of -1.40, a price-to-earnings-growth ratio of 3.01 and a beta of 1.35. The stock’s 50-day moving average is $6.75 and its two-hundred day moving average is $7.39. TrueBlue, Inc. has a 1-year low of $5.19 and a 1-year high of $12.66.

TrueBlue (NYSE:TBI) last released its earnings results on Wednesday, February 19th. The business services provider reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.14. TrueBlue had a negative net margin of 8.02% and a negative return on equity of 3.90%. The firm had revenue of $385.95 million for the quarter, compared to analyst estimates of $385.04 million. Analysts forecast that TrueBlue, Inc. will post 0.15 EPS for the current fiscal year.

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.

Insider Transactions at TrueBlue

In related news, CFO Carl Schweihs purchased 10,000 shares of the company’s stock in a transaction on Monday, February 24th. The shares were bought at an average cost of $6.25 per share, for a total transaction of $62,500.00. Following the completion of the purchase, the chief financial officer now directly owns 166,551 shares of the company’s stock, valued at approximately $1,040,943.75. This trade represents a 6.39 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Taryn R. Owen acquired 12,735 shares of TrueBlue stock in a transaction dated Wednesday, February 26th. The shares were bought at an average price of $5.94 per share, with a total value of $75,645.90. Following the transaction, the chief executive officer now directly owns 414,932 shares in the company, valued at approximately $2,464,696.08. The trade was a 3.17 % increase in their position. The disclosure for this purchase can be found here. In the last three months, insiders bought 25,235 shares of company stock valued at $151,271. Insiders own 4.00% 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.