Jane Street Group LLC Cuts Holdings in TrueBlue, Inc. (NYSE:TBI)

Jane Street Group LLC trimmed its holdings in shares of TrueBlue, Inc. (NYSE:TBI) by 54.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 159,488 shares of the business services provider’s stock after selling 193,377 shares during the period. Jane Street Group LLC owned about 0.54% of TrueBlue worth $1,258,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. FMR LLC lifted its holdings in TrueBlue by 10.0% during the third quarter. FMR LLC now owns 1,742,474 shares of the business services provider’s stock valued at $13,748,000 after purchasing an additional 158,967 shares during the last quarter. Royce & Associates LP grew its holdings in shares of TrueBlue by 28.5% during the third quarter. Royce & Associates LP now owns 1,082,085 shares of the business services provider’s stock worth $8,538,000 after purchasing an additional 239,740 shares in the last quarter. State Street Corp raised its position in shares of TrueBlue by 0.3% during the 3rd quarter. State Street Corp now owns 665,901 shares of the business services provider’s stock valued at $5,254,000 after buying an additional 1,968 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of TrueBlue by 6.3% in the 2nd quarter. Millennium Management LLC now owns 532,039 shares of the business services provider’s stock worth $5,480,000 after purchasing an additional 31,683 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its position in shares of TrueBlue by 33.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 386,432 shares of the business services provider’s stock valued at $3,049,000 after purchasing an additional 96,072 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

TrueBlue Stock Down 3.7 %

TBI opened at $7.87 on Friday. The stock has a market cap of $232.63 million, a PE ratio of -2.05 and a beta of 1.47. The business has a 50 day moving average of $7.77 and a 200-day moving average of $8.54. TrueBlue, Inc. has a 52 week low of $6.63 and a 52 week high of $15.61.

TrueBlue (NYSE:TBI) last announced its quarterly earnings data on Monday, November 4th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.15) by $0.04. The business had revenue of $382.36 million during the quarter, compared to analysts’ expectations of $386.07 million. TrueBlue had a negative return on equity of 2.69% and a negative net margin of 6.97%. The firm’s quarterly revenue was down 19.2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.16 earnings per share. Equities analysts anticipate that TrueBlue, Inc. will post -0.56 EPS for the current year.

Wall Street Analysts Forecast Growth

TBI has been the subject of a number of recent research reports. BMO Capital Markets lowered their price objective 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. StockNews.com upgraded TrueBlue from a “sell” rating to a “hold” rating in a research report on Friday.

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.