TrueBlue, Inc. (NYSE:TBI) Stock Holdings Increased by Royce & Associates LP

Royce & Associates LP grew its stake in shares of TrueBlue, Inc. (NYSE:TBI - Free Report) by 28.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,082,085 shares of the business services provider's stock after buying an additional 239,740 shares during the period. Royce & Associates LP owned 3.54% of TrueBlue worth $8,538,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in TBI. Azarias Capital Management L.P. lifted its position in TrueBlue by 40.8% during the second quarter. Azarias Capital Management L.P. now owns 1,247,222 shares of the business services provider's stock valued at $12,846,000 after buying an additional 361,101 shares in the last quarter. Millennium Management LLC boosted its holdings in TrueBlue by 6.3% in the second quarter. Millennium Management LLC now owns 532,039 shares of the business services provider's stock valued at $5,480,000 after purchasing an additional 31,683 shares during the last quarter. Assenagon Asset Management S.A. grew its stake in TrueBlue by 33.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 386,432 shares of the business services provider's stock valued at $3,049,000 after purchasing an additional 96,072 shares in the last quarter. AQR Capital Management LLC increased its holdings in TrueBlue by 7.5% during the 2nd quarter. AQR Capital Management LLC now owns 333,100 shares of the business services provider's stock worth $3,431,000 after purchasing an additional 23,315 shares during the last quarter. Finally, GSA Capital Partners LLP raised its position in shares of TrueBlue by 85.2% in the 3rd quarter. GSA Capital Partners LLP now owns 220,892 shares of the business services provider's stock valued at $1,743,000 after purchasing an additional 101,589 shares in the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

TBI has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price target on shares of TrueBlue from $11.00 to $10.00 and set an "outperform" rating for the company in a research report on Tuesday, November 5th. StockNews.com cut shares of TrueBlue from a "hold" rating to a "sell" rating in a research report on Tuesday, August 6th.

TrueBlue Price Performance

Shares of NYSE TBI traded down $0.05 during mid-day trading on Monday, hitting $6.84. The company had a trading volume of 180,124 shares, compared to its average volume of 315,650. TrueBlue, Inc. has a 12 month low of $6.77 and a 12 month high of $16.14. The stock has a market cap of $202.19 million, a price-to-earnings ratio of -1.79 and a beta of 1.49. The firm's 50 day simple moving average is $7.57 and its two-hundred day simple moving average is $9.14.

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

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.