Teachers Retirement System of The State of Kentucky continued to hold its position in TrueBlue, Inc. (NYSE:TBI) during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 16,293 shares of the business services provider’s stock at the end of the 2nd quarter. Teachers Retirement System of The State of Kentucky’s holdings in TrueBlue were worth $432,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Federated Investors Inc. PA raised its holdings in shares of TrueBlue by 26,192.3% during the second quarter. Federated Investors Inc. PA now owns 37,598 shares of the business services provider’s stock valued at $996,000 after acquiring an additional 37,455 shares during the period. Schwab Charles Investment Management Inc. increased its stake in TrueBlue by 1.5% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 453,956 shares of the business services provider’s stock valued at $12,416,000 after buying an additional 6,795 shares during the period. Great West Life Assurance Co. Can increased its stake in TrueBlue by 4.2% in the 2nd quarter. Great West Life Assurance Co. Can now owns 61,360 shares of the business services provider’s stock valued at $1,623,000 after buying an additional 2,500 shares during the period. Swiss National Bank increased its stake in TrueBlue by 2.2% in the 1st quarter. Swiss National Bank now owns 70,000 shares of the business services provider’s stock valued at $1,915,000 after buying an additional 1,500 shares during the period. Finally, Alliancebernstein L.P. increased its stake in TrueBlue by 2.6% in the 2nd quarter. Alliancebernstein L.P. now owns 1,380,711 shares of the business services provider’s stock valued at $36,589,000 after buying an additional 35,040 shares during the period. Institutional investors and hedge funds own 89.82% of the company’s stock.

In other news, EVP Wayne W. Larkin sold 10,000 shares of TrueBlue stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $23.00, for a total value of $230,000.00. Following the sale, the executive vice president now directly owns 52,061 shares in the company, valued at $1,197,403. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.00% of the stock is owned by company insiders.

Several research analysts have weighed in on the stock. Zacks Investment Research lowered shares of TrueBlue from a “buy” rating to a “hold” rating in a research note on Thursday, July 13th. ValuEngine lowered shares of TrueBlue from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and issued a $25.00 price objective on shares of TrueBlue in a research note on Friday, October 6th. TheStreet lowered shares of TrueBlue from a “b-” rating to a “c+” rating in a research note on Friday, August 18th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $23.00 price objective on shares of TrueBlue in a research note on Friday, October 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $22.00.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally reported by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of United States & international copyright legislation. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/10/22/teachers-retirement-system-of-the-state-of-kentucky-holds-stake-in-trueblue-inc-tbi.html.

TrueBlue, Inc. (NYSE:TBI) opened at 23.90 on Friday. The firm has a market cap of $993.71 million, a price-to-earnings ratio of 16.88 and a beta of 2.40. The firm has a 50-day moving average of $22.19 and a 200 day moving average of $24.50. TrueBlue, Inc. has a 1-year low of $16.50 and a 1-year high of $28.70.

TrueBlue (NYSE:TBI) last announced its earnings results on Monday, July 31st. The business services provider reported $0.42 EPS for the quarter, hitting the consensus estimate of $0.42. The firm had revenue of $610.10 million for the quarter, compared to the consensus estimate of $610.04 million. TrueBlue had a net margin of 2.27% and a return on equity of 15.18%. The business’s quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the company posted $0.54 EPS. Analysts expect that TrueBlue, Inc. will post $1.69 earnings per share for the current fiscal year.

TrueBlue Profile

TrueBlue, Inc is a provider of specialized workforce solutions. The Company is engaged in providing staffing, on-site workforce management and recruitment process outsourcing services. The Company operates through three segments: PeopleReady, PeopleManagement and PeopleScout. Its PeopleReady segment provides blue-collar contingent staffing through the PeopleReady service line.

Institutional Ownership by Quarter for TrueBlue (NYSE:TBI)

Receive News & Stock Ratings for TrueBlue Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueBlue Inc. and related stocks with our FREE daily email newsletter.