New York State Common Retirement Fund Sells 2,800 Shares of TrueBlue, Inc. (NYSE:TBI)

New York State Common Retirement Fund decreased its position in TrueBlue, Inc. (NYSE:TBI) by 23.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 8,956 shares of the business services provider’s stock after selling 2,800 shares during the quarter. New York State Common Retirement Fund’s holdings in TrueBlue were worth $75,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in TBI. Quantbot Technologies LP bought a new position in TrueBlue in the third quarter worth $79,000. SG Americas Securities LLC bought a new position in TrueBlue in the fourth quarter worth $108,000. Quantinno Capital Management LP bought a new position in shares of TrueBlue during the third quarter valued at $149,000. Walleye Capital LLC bought a new position in shares of TrueBlue during the third quarter valued at $227,000. Finally, RBF Capital LLC bought a new position in shares of TrueBlue during the third quarter valued at $316,000. Institutional investors own 97.15% of the company’s stock.

Analysts Set New Price Targets

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

TrueBlue Price Performance

Shares of NYSE:TBI opened at $6.08 on Friday. TrueBlue, Inc. has a 1-year low of $5.51 and a 1-year high of $12.66. 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 business has a fifty day moving average price of $7.40 and a 200-day moving average price of $7.62. The company has a market capitalization of $180.48 million, a PE ratio of -1.46, a PEG ratio of 3.01 and a beta of 1.42.

TrueBlue (NYSE:TBI) last released its quarterly earnings data on Wednesday, February 19th. The business services provider reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.14. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. The company had revenue of $385.95 million for the quarter, compared to analysts’ expectations of $385.04 million. As a group, equities analysts expect that TrueBlue, Inc. will post 0.15 EPS for the current fiscal year.

Insider Activity at TrueBlue

In other news, CEO Taryn R. Owen bought 12,735 shares of the company’s stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $5.94 per share, with a total value of $75,645.90. Following the completion of the transaction, the chief executive officer now owns 414,932 shares of the company’s stock, valued at approximately $2,464,696.08. This trade represents a 3.17 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Carl Schweihs bought 10,000 shares of the company’s stock in a transaction on Monday, February 24th. The stock was purchased at an average cost of $6.25 per share, for a total transaction of $62,500.00. Following the completion of the transaction, the chief financial officer now directly owns 166,551 shares of the company’s stock, valued at approximately $1,040,943.75. The trade was a 6.39 % increase in their position. The disclosure for this purchase can be found here. 4.00% of the stock is currently owned by 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.