TrueBlue, Inc. (NYSE:TBI) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC cut its position in TrueBlue, Inc. (NYSE:TBI) by 15.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 30,819 shares of the business services provider’s stock after selling 5,513 shares during the period. Allspring Global Investments Holdings LLC’s holdings in TrueBlue were worth $473,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. acquired a new position in TrueBlue during the third quarter worth $1,451,000. FMR LLC boosted its stake in TrueBlue by 7,980.1% during the third quarter. FMR LLC now owns 337,831 shares of the business services provider’s stock worth $4,956,000 after buying an additional 333,650 shares during the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in TrueBlue by 1.6% during the third quarter. Jacobs Levy Equity Management Inc. now owns 300,211 shares of the business services provider’s stock worth $4,404,000 after buying an additional 4,841 shares during the last quarter. First Hawaiian Bank boosted its stake in TrueBlue by 36.0% during the fourth quarter. First Hawaiian Bank now owns 35,174 shares of the business services provider’s stock worth $540,000 after buying an additional 9,314 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in TrueBlue by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 820,728 shares of the business services provider’s stock worth $12,040,000 after buying an additional 58,254 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

TrueBlue Stock Performance

NYSE TBI opened at $10.56 on Friday. The stock’s fifty day moving average is $11.64 and its two-hundred day moving average is $13.13. The firm has a market capitalization of $331.32 million, a P/E ratio of -23.46 and a beta of 1.48. TrueBlue, Inc. has a fifty-two week low of $10.15 and a fifty-two week high of $19.06.

TrueBlue (NYSE:TBI) last released its quarterly earnings data on Wednesday, February 21st. The business services provider reported $0.08 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.23. TrueBlue had a positive return on equity of 2.39% and a negative net margin of 0.74%. The company had revenue of $492.17 million for the quarter, compared to analyst estimates of $472.53 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The firm’s revenue for the quarter was down 11.7% compared to the same quarter last year. As a group, sell-side analysts forecast that TrueBlue, Inc. will post -0.51 EPS for the current 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.