Trueblue Inc (TBI) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its stake in shares of Trueblue Inc (NYSE:TBI) by 109.6% in the 3rd quarter, Holdings Channel reports. The firm owned 48,466 shares of the business services provider’s stock after purchasing an additional 25,340 shares during the period. SG Americas Securities LLC’s holdings in Trueblue were worth $1,263,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the business. Systematic Financial Management LP lifted its position in Trueblue by 3.9% during the second quarter. Systematic Financial Management LP now owns 54,415 shares of the business services provider’s stock valued at $1,466,000 after purchasing an additional 2,030 shares during the last quarter. Glen Harbor Capital Management LLC lifted its position in Trueblue by 9.8% during the second quarter. Glen Harbor Capital Management LLC now owns 24,360 shares of the business services provider’s stock valued at $657,000 after purchasing an additional 2,184 shares during the last quarter. Stone Ridge Asset Management LLC lifted its position in Trueblue by 6.5% during the third quarter. Stone Ridge Asset Management LLC now owns 37,014 shares of the business services provider’s stock valued at $964,000 after purchasing an additional 2,271 shares during the last quarter. Meeder Asset Management Inc. lifted its position in Trueblue by 139.9% during the third quarter. Meeder Asset Management Inc. now owns 4,224 shares of the business services provider’s stock valued at $110,000 after purchasing an additional 2,463 shares during the last quarter. Finally, Strs Ohio lifted its position in Trueblue by 8.0% during the second quarter. Strs Ohio now owns 36,600 shares of the business services provider’s stock valued at $986,000 after purchasing an additional 2,700 shares during the last quarter. Institutional investors and hedge funds own 92.96% of the company’s stock.

Several equities research analysts have issued reports on TBI shares. Zacks Investment Research upgraded shares of Trueblue from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Thursday, November 8th. ValuEngine upgraded shares of Trueblue from a “sell” rating to a “hold” rating in a research report on Friday, November 16th. Finally, Credit Suisse Group dropped their target price on shares of Trueblue from $31.00 to $25.00 and set a “hold” rating for the company in a research report on Tuesday, November 6th. Five equities research analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $27.25.

Shares of Trueblue stock opened at $24.14 on Friday. The company has a market cap of $973.27 million, a price-to-earnings ratio of 11.03 and a beta of 1.90. Trueblue Inc has a 1 year low of $22.34 and a 1 year high of $29.85. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.03 and a quick ratio of 2.03.

Trueblue (NYSE:TBI) last posted its quarterly earnings results on Monday, November 5th. The business services provider reported $0.79 EPS for the quarter, topping the consensus estimate of $0.78 by $0.01. The firm had revenue of $680.40 million for the quarter, compared to the consensus estimate of $672.74 million. Trueblue had a net margin of 2.67% and a return on equity of 15.62%. The business’s revenue was up 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. Equities research analysts predict that Trueblue Inc will post 2.26 earnings per share for the current fiscal year.

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Trueblue Profile

TrueBlue, Inc provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. It operates through three segments: PeopleReady, PeopleManagement, and PeopleScout. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in construction, manufacturing and logistics, warehousing and distribution, waste and recycling, hospitality, general labor, and other industries under the Labor Ready, CLP Resources, and Spartan Staffing brands.

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Institutional Ownership by Quarter for Trueblue (NYSE:TBI)

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