Strs Ohio Sells 3,300 Shares of TrueBlue, Inc. (NYSE:TBI)

Strs Ohio cut its position in TrueBlue, Inc. (NYSE:TBI) by 7.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 38,600 shares of the business services provider’s stock after selling 3,300 shares during the period. Strs Ohio owned 0.12% of TrueBlue worth $592,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new position in TrueBlue in the third quarter valued at about $158,000. Jump Financial LLC acquired a new position in TrueBlue in the third quarter valued at about $162,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in TrueBlue by 46.3% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,483 shares of the business services provider’s stock valued at $168,000 after buying an additional 3,635 shares in the last quarter. Amalgamated Bank lifted its position in shares of TrueBlue by 10.4% during the third quarter. Amalgamated Bank now owns 13,151 shares of the business services provider’s stock worth $193,000 after purchasing an additional 1,234 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of TrueBlue during the fourth quarter worth approximately $239,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

TrueBlue Trading Down 0.3 %

Shares of TBI stock opened at $10.52 on Friday. TrueBlue, Inc. has a 1 year low of $10.15 and a 1 year high of $19.06. The firm’s 50 day moving average is $11.59 and its 200-day moving average is $13.10. The firm has a market capitalization of $330.07 million, a price-to-earnings ratio of -23.37 and a beta of 1.48.

TrueBlue (NYSE:TBI) last announced its earnings results 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 negative net margin of 0.74% and a positive return on equity of 2.39%. The company had revenue of $492.17 million for the quarter, compared to analyst estimates of $472.53 million. During the same period in the prior year, the business earned $0.43 earnings per share. TrueBlue’s quarterly revenue was down 11.7% on a year-over-year basis. On average, equities research analysts forecast that TrueBlue, Inc. will post -0.51 earnings per share for the current fiscal year.

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.