Barclays PLC Purchases 32,940 Shares of TrueBlue, Inc. (NYSE:TBI)

Barclays PLC grew its position in shares of TrueBlue, Inc. (NYSE:TBI) by 95.7% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 67,353 shares of the business services provider’s stock after buying an additional 32,940 shares during the quarter. Barclays PLC owned approximately 0.23% of TrueBlue worth $531,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the company. Royce & Associates LP boosted its holdings in shares of TrueBlue by 28.5% in the 3rd quarter. Royce & Associates LP now owns 1,082,085 shares of the business services provider’s stock worth $8,538,000 after acquiring an additional 239,740 shares in the last quarter. FMR LLC boosted its stake in TrueBlue by 10.0% in the third 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 in the last quarter. Marshall Wace LLP boosted its stake in TrueBlue by 330.7% in the second quarter. Marshall Wace LLP now owns 143,910 shares of the business services provider’s stock worth $1,482,000 after purchasing an additional 110,495 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of TrueBlue by 85.2% during the third quarter. GSA Capital Partners LLP now owns 220,892 shares of the business services provider’s stock worth $1,743,000 after purchasing an additional 101,589 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of TrueBlue by 33.1% in the third quarter. Assenagon Asset Management S.A. now owns 386,432 shares of the business services provider’s stock valued at $3,049,000 after buying an additional 96,072 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

TrueBlue Stock Down 2.6 %

Shares of TBI stock opened at $7.82 on Friday. The firm has a market cap of $231.22 million, a price-to-earnings ratio of -2.04, a PEG ratio of 3.48 and a beta of 1.43. TrueBlue, Inc. has a 12 month low of $6.63 and a 12 month high of $14.91. The stock has a 50-day moving average price of $7.84 and a 200 day moving average price of $8.29.

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

Analyst Upgrades and Downgrades

TBI has been the topic of several research reports. StockNews.com upgraded shares of TrueBlue from a “sell” rating to a “hold” rating in a research report on Friday, December 27th. BMO Capital Markets lowered their price target 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.

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.