16,248 Shares in TrueBlue, Inc. (NYSE:TBI) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new position in shares of TrueBlue, Inc. (NYSE:TBI) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 16,248 shares of the business services provider’s stock, valued at approximately $86,000. XTX Topco Ltd owned approximately 0.05% of TrueBlue at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Peapod Lane Capital LLC bought a new stake in TrueBlue during the 1st quarter worth approximately $1,385,000. GSA Capital Partners LLP grew its holdings in TrueBlue by 527.3% during the 1st quarter. GSA Capital Partners LLP now owns 287,625 shares of the business services provider’s stock worth $1,527,000 after acquiring an additional 241,777 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of TrueBlue by 143.0% in the 4th quarter. Bank of America Corp DE now owns 77,327 shares of the business services provider’s stock valued at $650,000 after purchasing an additional 45,509 shares during the last quarter. Pzena Investment Management LLC boosted its stake in shares of TrueBlue by 1.7% in the 1st quarter. Pzena Investment Management LLC now owns 2,835,167 shares of the business services provider’s stock valued at $15,055,000 after purchasing an additional 46,539 shares during the last quarter. Finally, Invesco Ltd. boosted its stake in shares of TrueBlue by 1.4% in the 4th quarter. Invesco Ltd. now owns 2,032,941 shares of the business services provider’s stock valued at $17,077,000 after purchasing an additional 27,515 shares during the last quarter. 97.15% of the stock is owned by institutional investors.

TrueBlue Trading Down 1.4%

NYSE:TBI opened at $5.74 on Friday. The firm’s fifty day moving average is $6.60 and its 200-day moving average is $6.00. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.94 and a current ratio of 1.94. TrueBlue, Inc. has a 52 week low of $3.45 and a 52 week high of $9.05. The firm has a market cap of $171.63 million, a P/E ratio of -4.99 and a beta of 1.55.

TrueBlue (NYSE:TBI) last posted its quarterly earnings data on Monday, August 4th. The business services provider reported ($0.07) EPS for the quarter, beating analysts’ consensus estimates of ($0.31) by $0.24. TrueBlue had a negative net margin of 2.21% and a negative return on equity of 5.74%. The company had revenue of $396.30 million for the quarter, compared to analyst estimates of $400.52 million. Equities analysts expect that TrueBlue, Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets upped their price objective on shares of TrueBlue from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Wednesday, August 6th.

About TrueBlue

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.