Alpha Windward LLC reduced its stake in shares of Trueblue Inc (NYSE:TBI) by 3.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,820 shares of the business services provider’s stock after selling 660 shares during the quarter. Alpha Windward LLC owned about 0.05% of Trueblue worth $501,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of TBI. Tower Research Capital LLC TRC acquired a new position in Trueblue during the third quarter worth about $34,000. Royal Bank of Canada grew its holdings in Trueblue by 818.1% during the second quarter. Royal Bank of Canada now owns 2,387 shares of the business services provider’s stock worth $53,000 after acquiring an additional 2,127 shares during the period. SG Americas Securities LLC acquired a new position in Trueblue during the third quarter worth about $114,000. Meeder Asset Management Inc. grew its holdings in Trueblue by 328.0% during the third quarter. Meeder Asset Management Inc. now owns 8,676 shares of the business services provider’s stock worth $184,000 after acquiring an additional 6,649 shares during the period. Finally, Cubist Systematic Strategies LLC acquired a new position in Trueblue during the second quarter worth about $200,000. Institutional investors and hedge funds own 92.10% of the company’s stock.

A number of research analysts recently issued reports on the company. TheStreet raised Trueblue from a “c” rating to a “b-” rating in a report on Friday, November 1st. Sidoti assumed coverage on Trueblue in a report on Monday, October 7th. They set a “neutral” rating and a $22.00 target price on the stock. Zacks Investment Research lowered Trueblue from a “buy” rating to a “hold” rating in a report on Wednesday, January 1st. Finally, ValuEngine raised Trueblue from a “sell” rating to a “hold” rating in a report on Wednesday, October 9th. Five equities research analysts have rated the stock with a hold rating, The company has a consensus rating of “Hold” and a consensus price target of $24.75.

TBI traded down $0.11 during trading on Tuesday, reaching $23.23. The company had a trading volume of 75,521 shares, compared to its average volume of 171,491. The firm’s 50-day simple moving average is $23.57 and its 200 day simple moving average is $21.88. The company has a market cap of $902.98 million, a price-to-earnings ratio of 10.19 and a beta of 1.65. Trueblue Inc has a 12-month low of $18.62 and a 12-month high of $25.75. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.88 and a current ratio of 1.88.

Trueblue (NYSE:TBI) last issued its quarterly earnings results on Monday, October 28th. The business services provider reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.10. The firm had revenue of $637.00 million for the quarter, compared to analysts’ expectations of $624.63 million. Trueblue had a return on equity of 14.81% and a net margin of 2.85%. Trueblue’s revenue was down 6.3% on a year-over-year basis. During the same quarter last year, the business posted $0.79 EPS. On average, sell-side analysts expect that Trueblue Inc will post 2.04 EPS for the current year.

Trueblue Profile

TrueBlue, Inc provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, general labor, and other industries under the Labor Ready, CLP Resources, and Spartan Staffing brands.

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Institutional Ownership by Quarter for Trueblue (NYSE:TBI)

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