105,420 Shares in TrueBlue, Inc. $TBI Purchased by Militia Capital Management LLC

Militia Capital Management LLC bought a new position in shares of TrueBlue, Inc. (NYSE:TBI) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 105,420 shares of the business services provider’s stock, valued at approximately $412,000. Militia Capital Management LLC owned 0.35% of TrueBlue at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in TBI. Fifth Third Bancorp acquired a new stake in shares of TrueBlue during the 1st quarter valued at approximately $41,000. Dynamic Technology Lab Private Ltd purchased a new position in TrueBlue in the 4th quarter valued at approximately $48,000. Federated Hermes Inc. purchased a new position in TrueBlue in the 2nd quarter valued at approximately $69,000. Simplex Trading LLC increased its stake in TrueBlue by 56.9% in the 4th quarter. Simplex Trading LLC now owns 11,018 shares of the business services provider’s stock valued at $50,000 after purchasing an additional 3,995 shares in the last quarter. Finally, Balyasny Asset Management L.P. acquired a new position in TrueBlue during the fourth quarter worth $53,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TBI has been the topic of several research reports. Zacks Research raised TrueBlue from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Wall Street Zen raised TrueBlue from a “sell” rating to a “hold” rating in a research note on Saturday, June 20th. Finally, Weiss Ratings upgraded shares of TrueBlue from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $5.75.

TrueBlue Trading Up 6.2%

Shares of TrueBlue stock opened at $7.52 on Tuesday. TrueBlue, Inc. has a 1 year low of $3.18 and a 1 year high of $8.90. The company has a debt-to-equity ratio of 0.29, a current ratio of 2.09 and a quick ratio of 2.09. The business has a 50 day moving average price of $7.21 and a 200 day moving average price of $5.50. The company has a market capitalization of $228.64 million, a P/E ratio of -4.22 and a beta of 1.60.

TrueBlue (NYSE:TBI) last announced its earnings results on Tuesday, May 5th. The business services provider reported ($0.41) EPS for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.04. TrueBlue had a negative return on equity of 7.37% and a negative net margin of 3.25%.The firm had revenue of $398.57 million for the quarter, compared to analysts’ expectations of $390.51 million. Sell-side analysts anticipate that TrueBlue, Inc. will post -0.09 EPS for the current fiscal year.

TrueBlue Company Profile

TrueBlue, Inc is a Tacoma, Washington–based workforce solutions provider specializing in temporary staffing, permanent placement and managed service solutions. Operating through its subsidiaries and brands, TrueBlue connects clients across manufacturing, logistics, retail, construction and public sector markets with skilled professionals for both short-term and long-term engagements. The company’s offerings encompass on-demand blue-collar labor, specialized industrial staffing, recruitment process outsourcing (RPO) and contingent workforce management.

TrueBlue’s primary service lines include PeopleReady, which supplies general labor for construction, hospitality and event services; PeopleManagement, which focuses on technical and industrial professionals; PeopleScout, a global RPO business offering end-to-end talent acquisition and consulting; and Staff Management | SMX, which delivers seasonal staffing for large-scale events, amusement parks and federal workforce contracts.