Allspring Global Investments Holdings LLC Buys 7,327 Shares of TrueBlue, Inc. (NYSE:TBI)

Allspring Global Investments Holdings LLC increased its position in TrueBlue, Inc. (NYSE:TBIFree Report) by 23.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,146 shares of the business services provider’s stock after purchasing an additional 7,327 shares during the period. Allspring Global Investments Holdings LLC owned approximately 0.12% of TrueBlue worth $478,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. SG Americas Securities LLC lifted its holdings in shares of TrueBlue by 12.8% during the fourth quarter. SG Americas Securities LLC now owns 19,931 shares of the business services provider’s stock valued at $306,000 after purchasing an additional 2,268 shares in the last quarter. Quest Partners LLC purchased a new stake in TrueBlue during the 4th quarter valued at approximately $74,000. Jacobs Levy Equity Management Inc. raised its position in shares of 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 valued at $4,404,000 after buying an additional 4,841 shares during the last quarter. First Hawaiian Bank lifted its holdings in shares of TrueBlue by 36.0% in 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 in the last quarter. Finally, Maryland State Retirement & Pension System bought a new position in shares of TrueBlue during the fourth quarter worth $175,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on TBI. BMO Capital Markets reiterated an “outperform” rating and issued a $13.00 price target on shares of TrueBlue in a report on Monday, June 17th. Robert W. Baird decreased their target price on TrueBlue from $14.00 to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 7th.

Get Our Latest Report on TBI

TrueBlue Stock Performance

TBI stock opened at $9.43 on Wednesday. The firm has a fifty day moving average price of $10.62 and a 200 day moving average price of $11.98. TrueBlue, Inc. has a fifty-two week low of $9.39 and a fifty-two week high of $19.06. The firm has a market cap of $288.12 million, a PE ratio of -25.47, a price-to-earnings-growth ratio of 11.48 and a beta of 1.51.

TrueBlue (NYSE:TBIGet Free Report) last issued its quarterly earnings data on Monday, May 6th. The business services provider reported $0.03 EPS for the quarter, topping analysts’ consensus estimates of ($0.43) by $0.46. The business had revenue of $403.00 million during the quarter, compared to analysts’ expectations of $400.24 million. TrueBlue had a negative net margin of 0.63% and a positive return on equity of 3.02%. The business’s revenue was down 13.4% on a year-over-year basis. During the same period last year, the company posted ($0.06) EPS. On average, equities analysts predict that TrueBlue, Inc. will post 0.06 EPS for the current year.

About TrueBlue

(Free Report)

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.

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Institutional Ownership by Quarter for TrueBlue (NYSE:TBI)

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