New York State Teachers Retirement System Has $979,000 Stock Position in TrueBlue, Inc. (NYSE:TBI)

New York State Teachers Retirement System lowered its position in shares of TrueBlue, Inc. (NYSE:TBI) by 6.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 63,814 shares of the business services provider’s stock after selling 4,753 shares during the quarter. New York State Teachers Retirement System owned 0.20% of TrueBlue worth $979,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Quarry LP boosted its position in TrueBlue by 327.2% during the 1st quarter. Quarry LP now owns 1,713 shares of the business services provider’s stock worth $30,000 after acquiring an additional 1,312 shares during the last quarter. Tower Research Capital LLC TRC raised its stake in shares of TrueBlue by 299.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,586 shares of the business services provider’s stock worth $46,000 after purchasing an additional 1,938 shares in the last quarter. Qube Research & Technologies Ltd bought a new stake in shares of TrueBlue during the 3rd quarter worth approximately $47,000. Royal Bank of Canada raised its stake in shares of TrueBlue by 76.3% during the 2nd quarter. Royal Bank of Canada now owns 3,173 shares of the business services provider’s stock worth $56,000 after purchasing an additional 1,373 shares in the last quarter. Finally, Point72 Hong Kong Ltd bought a new stake in shares of TrueBlue during the 2nd quarter worth approximately $58,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

TrueBlue Stock Up 0.5 %

Shares of TrueBlue stock opened at $10.45 on Friday. TrueBlue, Inc. has a 12-month low of $10.15 and a 12-month high of $19.06. The stock has a market cap of $328.02 million, a P/E ratio of -23.22 and a beta of 1.48. The business’s 50 day moving average is $11.85 and its 200-day moving average is $13.28.

TrueBlue (NYSE:TBI) last announced its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.23. TrueBlue had a positive return on equity of 2.39% and a negative net margin of 0.74%. The company had revenue of $492.17 million for the quarter, compared to analysts’ expectations of $472.53 million. During the same quarter in the prior year, the business posted $0.43 EPS. The business’s revenue was down 11.7% compared to the same quarter last year. On average, sell-side analysts expect that TrueBlue, Inc. will post -0.51 EPS 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.