TrueBlue, Inc. (NYSE:TBI) Shares Sold by Bridgeway Capital Management LLC

Bridgeway Capital Management LLC lowered its position in TrueBlue, Inc. (NYSE:TBI) by 19.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 301,519 shares of the business services provider’s stock after selling 73,681 shares during the quarter. Bridgeway Capital Management LLC owned 1.02% of TrueBlue worth $2,533,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets increased its holdings in TrueBlue by 3.5% during the 4th quarter. BNP Paribas Financial Markets now owns 48,329 shares of the business services provider’s stock valued at $406,000 after acquiring an additional 1,642 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of TrueBlue by 23.5% during the 4th quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider’s stock worth $133,000 after purchasing an additional 3,028 shares in the last quarter. Wells Fargo & Company MN lifted its stake in TrueBlue by 24.7% in the 4th quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider’s stock valued at $144,000 after buying an additional 3,393 shares in the last quarter. Geode Capital Management LLC grew its holdings 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 buying an additional 4,499 shares during the last quarter. Finally, Northern Trust Corp increased its position in TrueBlue by 2.5% during the fourth quarter. Northern Trust Corp now owns 272,371 shares of the business services provider’s stock worth $2,288,000 after buying an additional 6,547 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

TrueBlue Stock Performance

TrueBlue stock opened at $4.39 on Friday. The company has a market cap of $130.89 million, a price-to-earnings ratio of -1.06, a price-to-earnings-growth ratio of 3.01 and a beta of 1.39. TrueBlue, Inc. has a 12 month low of $3.45 and a 12 month high of $12.29. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.85. The stock’s 50-day moving average is $4.94 and its 200-day moving average is $6.70.

TrueBlue (NYSE:TBI) last released its quarterly earnings data on Monday, May 5th. The business services provider reported ($0.40) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.23) by ($0.17). The business had revenue of $370.25 million during the quarter, compared to analyst estimates of $362.37 million. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. Equities analysts anticipate that TrueBlue, Inc. will post 0.15 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded TrueBlue from a “sell” rating to a “hold” rating in a report on Sunday, March 2nd.

Insiders Place Their Bets

In other news, CFO Carl Schweihs bought 10,000 shares of TrueBlue stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $6.25 per share, with a total value of $62,500.00. Following the completion of the transaction, the chief financial officer now owns 166,551 shares in the company, valued at approximately $1,040,943.75. This trade represents a 6.39 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Taryn R. Owen purchased 12,735 shares of the stock in a transaction that occurred on Wednesday, February 26th. The shares were purchased at an average cost of $5.94 per share, with a total value of $75,645.90. Following the completion of the acquisition, the chief executive officer now owns 414,932 shares in the company, valued at approximately $2,464,696.08. This represents a 3.17 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 25,235 shares of company stock worth $151,271 over the last quarter. 5.00% of the stock is owned by corporate insiders.

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.