Empowered Funds LLC Boosts Stake in TrueBlue, Inc. (NYSE:TBI)

Empowered Funds LLC lifted its holdings in shares of TrueBlue, Inc. (NYSE:TBI) by 5.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,069 shares of the business services provider’s stock after buying an additional 8,327 shares during the period. Empowered Funds LLC owned approximately 0.58% of TrueBlue worth $1,445,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the business. Quantbot Technologies LP bought a new stake in TrueBlue in the 3rd quarter worth approximately $79,000. SG Americas Securities LLC bought a new stake in shares of TrueBlue in the fourth quarter worth $108,000. Quantinno Capital Management LP purchased a new stake in TrueBlue during the third quarter valued at $149,000. Walleye Capital LLC bought a new position in TrueBlue in the third quarter valued at about $227,000. Finally, RBF Capital LLC purchased a new position in TrueBlue in the third quarter worth about $316,000. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Wall Street Analyst Weigh In

TBI has been the topic of several 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 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 report on Friday.

TrueBlue Stock Performance

NYSE:TBI opened at $7.51 on Monday. The stock has a 50-day simple moving average of $7.99 and a two-hundred day simple moving average of $7.83. The firm has a market capitalization of $221.94 million, a PE ratio of -1.96, a P/E/G ratio of 3.66 and a beta of 1.42. TrueBlue, Inc. has a 52-week low of $6.63 and a 52-week high of $13.08.

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.