Charles Schwab Investment Management Inc. Lowers Stock Position in TrueBlue, Inc. (NYSE:TBI)

Charles Schwab Investment Management Inc. trimmed its position in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 32.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 419,697 shares of the business services provider's stock after selling 202,485 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.42% of TrueBlue worth $3,525,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TBI. BNP Paribas Financial Markets increased its holdings in TrueBlue by 230.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 46,687 shares of the business services provider's stock worth $368,000 after buying an additional 32,542 shares in the last quarter. Barclays PLC boosted its holdings in shares of TrueBlue by 95.7% during the 3rd quarter. Barclays PLC now owns 67,353 shares of the business services provider's stock valued at $531,000 after acquiring an additional 32,940 shares during the last quarter. State Street Corp grew its stake in shares of TrueBlue by 0.3% in the third quarter. State Street Corp now owns 665,901 shares of the business services provider's stock worth $5,254,000 after acquiring an additional 1,968 shares during the period. Walleye Capital LLC purchased a new position in shares of TrueBlue during the third quarter valued at approximately $227,000. Finally, Quantinno Capital Management LP bought a new position in TrueBlue during the third quarter valued at approximately $149,000. 97.15% of the stock is currently owned by institutional investors.

TrueBlue Stock Performance

Shares of TrueBlue stock traded down $0.27 during trading hours on Monday, reaching $5.32. 170,434 shares of the stock traded hands, compared to its average volume of 234,118. TrueBlue, Inc. has a one year low of $5.19 and a one year high of $12.52. The company has a 50 day moving average price of $6.66 and a 200 day moving average price of $7.36. The company has a quick ratio of 1.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.02. The firm has a market capitalization of $157.96 million, a price-to-earnings ratio of -1.28, a P/E/G ratio of 3.01 and a beta of 1.35.

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TrueBlue (NYSE:TBI - Get Free Report) last issued its earnings results on Wednesday, February 19th. The business services provider reported ($0.02) earnings per share for the quarter, topping the consensus estimate 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 company had revenue of $385.95 million during the quarter, compared to the consensus estimate of $385.04 million. On average, equities research analysts expect that TrueBlue, Inc. will post 0.15 earnings per share for the current fiscal year.

Insider Buying and Selling at TrueBlue

In related news, CFO Carl Schweihs purchased 10,000 shares of the company's stock in a transaction that occurred on Monday, February 24th. The stock was bought at an average price of $6.25 per share, for a total transaction of $62,500.00. Following the completion of the transaction, the chief financial officer now owns 166,551 shares in the company, valued at approximately $1,040,943.75. The trade was a 6.39 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Taryn R. Owen acquired 12,735 shares of TrueBlue stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $5.94 per share, for a total transaction of $75,645.90. Following the completion of the purchase, the chief executive officer now directly owns 414,932 shares of the company's stock, valued at $2,464,696.08. The trade was a 3.17 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 25,235 shares of company stock valued at $151,271 in the last 90 days. Insiders own 4.00% of the company's stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of TrueBlue from a "sell" rating to a "hold" rating in a research report on Sunday, March 2nd.

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.