Charles Schwab Investment Management Inc. Sells 202,485 Shares of TrueBlue, Inc. (NYSE:TBI)

Charles Schwab Investment Management Inc. decreased its position in TrueBlue, Inc. (NYSE:TBI) by 32.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 419,697 shares of the business services provider’s stock after selling 202,485 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.42% of TrueBlue worth $3,525,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also made changes to their positions in the business. FMR LLC raised its position in TrueBlue by 10.0% in the 3rd quarter. FMR LLC now owns 1,742,474 shares of the business services provider’s stock worth $13,748,000 after purchasing an additional 158,967 shares during the period. State Street Corp raised its position in shares of TrueBlue by 0.3% in the 3rd quarter. State Street Corp now owns 665,901 shares of the business services provider’s stock worth $5,254,000 after acquiring an additional 1,968 shares in the last quarter. Empowered Funds LLC grew its position in shares of TrueBlue by 5.1% in the 4th quarter. Empowered Funds LLC now owns 172,069 shares of the business services provider’s stock worth $1,445,000 after buying an additional 8,327 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of TrueBlue during the 4th quarter valued at $978,000. Finally, Barclays PLC raised its position in shares of TrueBlue by 95.7% in the 3rd quarter. Barclays PLC now owns 67,353 shares of the business services provider’s stock valued at $531,000 after purchasing an additional 32,940 shares during the last quarter. 97.15% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other TrueBlue news, CFO Carl Schweihs purchased 10,000 shares of the firm’s stock in a transaction dated Monday, February 24th. The shares were purchased at an average cost of $6.25 per share, with a total value of $62,500.00. Following the completion of the purchase, the chief financial officer now owns 166,551 shares in the company, valued at approximately $1,040,943.75. This represents a 6.39 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Taryn R. Owen acquired 12,735 shares of the company’s stock in a transaction that occurred 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 purchase, the chief executive officer now owns 414,932 shares in the company, valued at $2,464,696.08. This represents a 3.17 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired a total of 25,235 shares of company stock valued at $151,271 in the last 90 days. 4.00% of the stock is owned by insiders.

TrueBlue Stock Performance

TBI opened at $5.82 on Friday. The company has a quick ratio of 1.85, a current ratio of 1.73 and a debt-to-equity ratio of 0.02. TrueBlue, Inc. has a 52-week low of $5.19 and a 52-week high of $12.66. The company has a market cap of $172.96 million, a price-to-earnings ratio of -1.40, a PEG ratio of 3.01 and a beta of 1.35. The firm’s fifty day simple moving average is $6.75 and its two-hundred day simple moving average is $7.39.

TrueBlue (NYSE:TBI) last released its earnings results on Wednesday, February 19th. The business services provider reported ($0.02) earnings per share 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 business had revenue of $385.95 million for the quarter, compared to the consensus estimate of $385.04 million. Equities analysts anticipate that TrueBlue, Inc. will post 0.15 earnings per share for the current fiscal year.

Analyst Ratings Changes

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

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.