TrueBlue (NYSE:TBI) Downgraded to "Sell" Rating by StockNews.com

StockNews.com lowered shares of TrueBlue (NYSE:TBI - Free Report) from a hold rating to a sell rating in a research report report published on Saturday.

Separately, BMO Capital Markets decreased their price objective on shares of TrueBlue from $11.00 to $10.00 and set an "outperform" rating for the company in a report on Tuesday, November 5th.

TrueBlue Stock Up 0.6 %

Shares of TBI stock traded up $0.04 on Friday, hitting $6.37. The stock had a trading volume of 414,230 shares, compared to its average volume of 131,927. The business has a 50 day moving average of $7.82 and a 200 day moving average of $7.73. The stock has a market cap of $189.10 million, a price-to-earnings ratio of -1.53, a price-to-earnings-growth ratio of 3.01 and a beta of 1.42. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.85. TrueBlue has a 12-month low of $6.05 and a 12-month high of $12.88.

TrueBlue (NYSE:TBI - Get Free Report) last announced its earnings results on Wednesday, February 19th. The business services provider reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.14. The company had revenue of $385.95 million during the quarter, compared to the consensus estimate of $385.04 million. TrueBlue had a negative net margin of 8.02% and a negative return on equity of 3.90%. As a group, analysts expect that TrueBlue will post 0.15 EPS for the current year.

Institutional Trading of TrueBlue

A number of large investors have recently added to or reduced their stakes in TBI. Two Sigma Advisers LP boosted its position in TrueBlue by 8.7% during the fourth quarter. Two Sigma Advisers LP now owns 59,800 shares of the business services provider's stock worth $502,000 after purchasing an additional 4,800 shares during the period. Two Sigma Investments LP boosted its position in TrueBlue by 20.3% during the fourth quarter. Two Sigma Investments LP now owns 99,527 shares of the business services provider's stock worth $836,000 after purchasing an additional 16,769 shares during the period. State of Wyoming boosted its position in TrueBlue by 17.4% during the fourth quarter. State of Wyoming now owns 21,192 shares of the business services provider's stock worth $178,000 after purchasing an additional 3,134 shares during the period. Nuveen Asset Management LLC boosted its position in TrueBlue by 262.7% during the fourth quarter. Nuveen Asset Management LLC now owns 561,093 shares of the business services provider's stock worth $4,713,000 after purchasing an additional 406,405 shares during the period. Finally, Invenomic Capital Management LP boosted its position in TrueBlue by 45.5% during the fourth quarter. Invenomic Capital Management LP now owns 341,383 shares of the business services provider's stock worth $2,868,000 after purchasing an additional 106,736 shares during the period. Hedge funds and other institutional investors own 97.15% of the company's stock.

About TrueBlue

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.