TrueBlue, Inc. (NYSE:TBI) Shares Bought by Barclays PLC

Barclays PLC lifted its position in TrueBlue, Inc. (NYSE:TBI) by 95.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 67,353 shares of the business services provider’s stock after buying an additional 32,940 shares during the period. Barclays PLC owned approximately 0.23% of TrueBlue worth $531,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. nVerses Capital LLC bought a new stake in TrueBlue during the second quarter worth approximately $35,000. Quantbot Technologies LP bought a new stake in shares of TrueBlue during the 3rd quarter worth $79,000. Quantinno Capital Management LP bought a new stake in shares of TrueBlue during the 3rd quarter worth $149,000. Algert Global LLC acquired a new position in shares of TrueBlue in the 2nd quarter worth $208,000. Finally, XTX Topco Ltd raised its position in shares of TrueBlue by 19.4% during the second quarter. XTX Topco Ltd now owns 22,725 shares of the business services provider’s stock worth $234,000 after purchasing an additional 3,689 shares during the period. Institutional investors and hedge funds own 97.15% of the company’s stock.

Analyst Ratings Changes

TBI has been the topic of a number of analyst reports. BMO Capital Markets dropped their price target on TrueBlue from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th. StockNews.com raised shares of TrueBlue from a “sell” rating to a “hold” rating in a research report on Friday, December 27th.

TrueBlue Stock Down 6.7 %

Shares of TrueBlue stock opened at $7.84 on Friday. TrueBlue, Inc. has a 12 month low of $6.63 and a 12 month high of $15.20. The stock has a market cap of $231.74 million, a PE ratio of -2.04 and a beta of 1.47. The business has a fifty day simple moving average of $7.82 and a 200-day simple moving average of $8.49.

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