TrueBlue (NYSE:TBI) Stock Rating Upgraded by StockNews.com

TrueBlue (NYSE:TBI) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Friday.

Separately, BMO Capital Markets lowered their price target 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 Price Performance

Shares of TrueBlue stock opened at $7.51 on Friday. TrueBlue has a one year low of $6.63 and a one year high of $13.08. The business’s 50 day simple moving average is $7.99 and its two-hundred day simple moving average is $7.86. The stock has a market capitalization of $221.94 million, a P/E ratio of -1.96, a price-to-earnings-growth ratio of 3.66 and a beta of 1.42.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of TBI. State Street Corp grew its position in shares of TrueBlue by 0.3% in the 3rd quarter. State Street Corp now owns 665,901 shares of the business services provider’s stock worth $5,254,000 after buying an additional 1,968 shares during the last quarter. MetLife Investment Management LLC boosted its holdings in TrueBlue by 23.5% in the fourth quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 3,028 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in TrueBlue by 24.7% in the fourth quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 3,393 shares in the last quarter. Geode Capital Management LLC increased its position in TrueBlue by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 678,393 shares of the business services provider’s stock valued at $5,700,000 after purchasing an additional 4,499 shares during the period. Finally, Northern Trust Corp raised its holdings in TrueBlue by 2.5% in the 4th quarter. Northern Trust Corp now owns 272,371 shares of the business services provider’s stock worth $2,288,000 after purchasing an additional 6,547 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

TrueBlue Company 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.