Allspring Global Investments Holdings LLC Sells 5,513 Shares of TrueBlue, Inc. (NYSE:TBI)

Allspring Global Investments Holdings LLC lowered its stake in shares of TrueBlue, Inc. (NYSE:TBI) by 15.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 30,819 shares of the business services provider’s stock after selling 5,513 shares during the quarter. Allspring Global Investments Holdings LLC owned 0.10% of TrueBlue worth $473,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of TrueBlue by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 820,728 shares of the business services provider’s stock valued at $12,040,000 after purchasing an additional 58,254 shares during the last quarter. AQR Capital Management LLC increased its position in shares of TrueBlue by 6.3% during the 3rd quarter. AQR Capital Management LLC now owns 477,612 shares of the business services provider’s stock valued at $7,007,000 after purchasing an additional 28,399 shares during the last quarter. American Century Companies Inc. grew its position in TrueBlue by 12.8% in the 3rd quarter. American Century Companies Inc. now owns 473,011 shares of the business services provider’s stock valued at $6,939,000 after acquiring an additional 53,517 shares during the last quarter. Invesco Ltd. grew its position in TrueBlue by 14.3% in the 3rd quarter. Invesco Ltd. now owns 450,400 shares of the business services provider’s stock valued at $6,607,000 after acquiring an additional 56,407 shares during the last quarter. Finally, FMR LLC grew its position in TrueBlue by 7,980.1% in the 3rd quarter. FMR LLC now owns 337,831 shares of the business services provider’s stock valued at $4,956,000 after acquiring an additional 333,650 shares during the last quarter. Institutional investors own 97.15% of the company’s stock.

TrueBlue Stock Down 4.0 %

Shares of TrueBlue stock opened at $10.56 on Friday. The stock’s fifty day moving average is $11.64 and its two-hundred day moving average is $13.13. The company has a market capitalization of $331.32 million, a PE ratio of -23.46 and a beta of 1.48. TrueBlue, Inc. has a 52 week low of $10.15 and a 52 week high of $19.06.

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