TrueBlue, Inc. (NYSE:TBI) Position Decreased by Prudential Financial Inc.

Prudential Financial Inc. lowered its holdings in TrueBlue, Inc. (NYSE:TBI) by 5.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 400,520 shares of the business services provider’s stock after selling 23,500 shares during the period. Prudential Financial Inc.’s holdings in TrueBlue were worth $3,364,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quantbot Technologies LP bought a new stake in TrueBlue during the third quarter worth approximately $79,000. SG Americas Securities LLC bought a new stake in shares of TrueBlue during the 4th quarter worth $108,000. Proficio Capital Partners LLC acquired a new position in shares of TrueBlue in the 4th quarter worth $116,000. Quantinno Capital Management LP acquired a new stake in shares of TrueBlue during the third quarter worth $149,000. Finally, Walleye Capital LLC purchased a new stake in shares of TrueBlue during the third quarter valued at $227,000. 97.15% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling at TrueBlue

In other TrueBlue news, CEO Taryn R. Owen bought 12,735 shares of the stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $5.94 per share, with a total value 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. This represents a 3.17 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Carl Schweihs purchased 10,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average price of $6.25 per share, with a total value 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 approximately $1,040,943.75. The trade was a 6.39 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased a total of 25,235 shares of company stock worth $151,271 over the last 90 days. Insiders own 4.00% of the company’s stock.

TrueBlue Trading Up 0.1 %

Shares of NYSE:TBI opened at $5.31 on Wednesday. The company has a current ratio of 1.73, a quick ratio of 1.85 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $157.84 million, a PE ratio of -1.28, a P/E/G ratio of 3.01 and a beta of 1.35. TrueBlue, Inc. has a 1 year low of $5.07 and a 1 year high of $12.29. The firm has a fifty day moving average price of $6.60 and a 200 day moving average price of $7.34.

TrueBlue (NYSE:TBI) last issued its quarterly earnings data on Wednesday, February 19th. The business services provider reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates 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. Analysts expect 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.