TrueBlue, Inc. (NYSE:TBI) Shares Sold by Jane Street Group LLC

Jane Street Group LLC cut its holdings in TrueBlue, Inc. (NYSE:TBI - Free Report) by 54.8% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 159,488 shares of the business services provider's stock after selling 193,377 shares during the quarter. Jane Street Group LLC owned about 0.54% of TrueBlue worth $1,258,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. State Street Corp grew its holdings in TrueBlue by 0.3% during 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. Quantinno Capital Management LP purchased a new stake in shares of TrueBlue during the 3rd quarter worth $149,000. RBF Capital LLC acquired a new position in shares of TrueBlue during the 3rd quarter worth $316,000. Walleye Capital LLC purchased a new position in shares of TrueBlue in the 3rd quarter valued at about $227,000. Finally, BNP Paribas Financial Markets lifted its stake in shares of TrueBlue by 230.1% in the third quarter. BNP Paribas Financial Markets now owns 46,687 shares of the business services provider's stock valued at $368,000 after purchasing an additional 32,542 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

TrueBlue Trading Down 3.7 %

Shares of NYSE:TBI traded down $0.30 during midday trading on Friday, hitting $7.87. 121,754 shares of the stock were exchanged, compared to its average volume of 301,731. TrueBlue, Inc. has a twelve month low of $6.63 and a twelve month high of $15.61. The company has a 50 day moving average price of $7.77 and a 200-day moving average price of $8.53. The stock has a market cap of $232.63 million, a P/E ratio of -2.05 and a beta of 1.47.

TrueBlue (NYSE:TBI - Get Free Report) last announced its earnings results on Monday, November 4th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.15) by $0.04. The company had revenue of $382.36 million during the quarter, compared to analysts' expectations of $386.07 million. TrueBlue had a negative net margin of 6.97% and a negative return on equity of 2.69%. The firm's quarterly revenue was down 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.16 earnings per share. On average, equities research analysts expect that TrueBlue, Inc. will post -0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on TBI shares. BMO Capital Markets lowered their target price on shares of TrueBlue from $11.00 to $10.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 5th. StockNews.com upgraded TrueBlue from a "sell" rating to a "hold" rating in a report on Friday.

TrueBlue 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.