State of Alaska Department of Revenue Has $431,000 Stake in TrueBlue, Inc. (NYSE:TBI)

State of Alaska Department of Revenue reduced its stake in TrueBlue, Inc. (NYSE:TBIGet Rating) by 10.1% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 22,630 shares of the business services provider’s stock after selling 2,548 shares during the quarter. State of Alaska Department of Revenue owned approximately 0.07% of TrueBlue worth $431,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TBI. Bank of New York Mellon Corp lifted its holdings in TrueBlue by 0.3% in the 1st quarter. Bank of New York Mellon Corp now owns 359,658 shares of the business services provider’s stock worth $10,392,000 after purchasing an additional 1,017 shares during the last quarter. American Century Companies Inc. lifted its holdings in TrueBlue by 22.4% in the 1st quarter. American Century Companies Inc. now owns 72,782 shares of the business services provider’s stock worth $2,102,000 after purchasing an additional 13,334 shares during the last quarter. HighTower Advisors LLC acquired a new stake in TrueBlue in the 1st quarter worth approximately $272,000. Citigroup Inc. lifted its holdings in TrueBlue by 6.1% in the 1st quarter. Citigroup Inc. now owns 34,824 shares of the business services provider’s stock worth $1,006,000 after purchasing an additional 1,993 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in TrueBlue by 63.7% in the 1st quarter. MetLife Investment Management LLC now owns 17,940 shares of the business services provider’s stock worth $518,000 after purchasing an additional 6,984 shares during the last quarter. 96.65% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director William C. Goings sold 5,323 shares of the business’s stock in a transaction that occurred on Thursday, October 27th. The stock was sold at an average price of $20.01, for a total transaction of $106,513.23. Following the sale, the director now directly owns 19,498 shares in the company, valued at $390,154.98. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other TrueBlue news, EVP Garrett Ferencz sold 1,523 shares of the company’s stock in a transaction on Thursday, November 10th. The stock was sold at an average price of $21.41, for a total value of $32,607.43. Following the sale, the executive vice president now directly owns 49,993 shares in the company, valued at $1,070,350.13. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director William C. Goings sold 5,323 shares of the company’s stock in a transaction on Thursday, October 27th. The shares were sold at an average price of $20.01, for a total value of $106,513.23. Following the completion of the sale, the director now owns 19,498 shares in the company, valued at $390,154.98. The disclosure for this sale can be found here. 2.00% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research analysts have recently commented on TBI shares. StockNews.com lowered TrueBlue from a “strong-buy” rating to a “buy” rating in a report on Friday, October 28th. Robert W. Baird cut their price target on TrueBlue to $21.00 in a report on Tuesday, October 25th.

TrueBlue Stock Down 0.5 %

Shares of TBI stock opened at $20.49 on Friday. The firm has a market cap of $670.41 million, a PE ratio of 9.23 and a beta of 1.44. TrueBlue, Inc. has a 12 month low of $15.77 and a 12 month high of $30.32. The stock has a 50 day moving average of $20.20 and a 200-day moving average of $20.17.

TrueBlue (NYSE:TBIGet Rating) last released its quarterly earnings data on Monday, October 24th. The business services provider reported $0.75 earnings per share (EPS) for the quarter. The business had revenue of $575.72 million for the quarter, compared to analysts’ expectations of $587.22 million. TrueBlue had a return on equity of 19.17% and a net margin of 3.25%. TrueBlue’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business posted $0.59 earnings per share.

About TrueBlue

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TrueBlue, Inc, together with its subsidiaries, provides specialized workforce solutions in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers contingent staffing solutions for blue-collar, on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, energy, retail, hospitality, and general labor industries.

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Institutional Ownership by Quarter for TrueBlue (NYSE:TBI)

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