New York State Teachers Retirement System Sells 4,753 Shares of TrueBlue, Inc. (NYSE:TBI)

New York State Teachers Retirement System decreased its position in TrueBlue, Inc. (NYSE:TBI) by 6.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 63,814 shares of the business services provider’s stock after selling 4,753 shares during the quarter. New York State Teachers Retirement System’s holdings in TrueBlue were worth $979,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in TBI. Bank of New York Mellon Corp grew its stake in shares of 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 acquiring an additional 1,017 shares in the last quarter. American Century Companies Inc. grew its stake in shares of 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 acquiring an additional 13,334 shares in the last quarter. HighTower Advisors LLC bought a new stake in shares of TrueBlue in the 1st quarter worth $272,000. Citigroup Inc. grew its position in TrueBlue by 6.1% during the first quarter. Citigroup Inc. now owns 34,824 shares of the business services provider’s stock valued at $1,006,000 after buying an additional 1,993 shares during the period. Finally, MetLife Investment Management LLC grew its position in TrueBlue by 63.7% during the first quarter. MetLife Investment Management LLC now owns 17,940 shares of the business services provider’s stock valued at $518,000 after buying an additional 6,984 shares during the period. Institutional investors own 97.15% of the company’s stock.

TrueBlue Stock Performance

TBI opened at $10.45 on Friday. The firm has a market cap of $328.02 million, a P/E ratio of -23.22 and a beta of 1.48. The firm has a 50-day moving average of $11.85 and a 200 day moving average of $13.28. TrueBlue, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $19.06.

TrueBlue (NYSE:TBI) last posted its quarterly earnings results on Wednesday, February 21st. The business services provider reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.15) by $0.23. The company had revenue of $492.17 million during the quarter, compared to analyst estimates of $472.53 million. TrueBlue had a negative net margin of 0.74% and a positive return on equity of 2.39%. The firm’s revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.43 earnings per share. Equities research analysts predict that TrueBlue, Inc. will post -0.51 earnings per share for the current fiscal year.

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.