Guggenheim Capital LLC raised its position in shares of Trueblue Inc (NYSE:TBI) by 57.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 116,770 shares of the company’s stock after buying an additional 42,623 shares during the period. Guggenheim Capital LLC’s holdings in Trueblue were worth $2,878,000 as of its most recent filing with the SEC.
Other large investors have also modified their holdings of the company. Sei Investments Co. increased its stake in shares of Trueblue by 4.2% in the third quarter. Sei Investments Co. now owns 90,531 shares of the company’s stock worth $2,051,000 after buying an additional 3,684 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Trueblue by 4,151.9% in the third quarter. PNC Financial Services Group Inc. now owns 86,313 shares of the company’s stock worth $1,956,000 after buying an additional 84,283 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Trueblue by 8.3% in the third quarter. Bank of New York Mellon Corp now owns 4,664,466 shares of the company’s stock worth $105,696,000 after buying an additional 355,499 shares in the last quarter. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in shares of Trueblue during the third quarter worth $734,000. Finally, First Trust Advisors LP increased its stake in shares of Trueblue by 81.3% in the third quarter. First Trust Advisors LP now owns 93,722 shares of the company’s stock worth $2,124,000 after buying an additional 42,018 shares in the last quarter. 88.46% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Trueblue Inc (NYSE:TBI) opened at 26.80 on Tuesday. Trueblue Inc has a 12-month low of $16.50 and a 12-month high of $27.85. The company’s 50 day moving average price is $26.01 and its 200 day moving average price is $23.03. The firm’s market cap is $1.10 billion.
Trueblue (NYSE:TBI) last posted its quarterly earnings results on Wednesday, February 8th. The company reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. The company had revenue of $734.95 million for the quarter, compared to analysts’ expectations of $703.86 million. Trueblue had a negative net margin of 0.55% and a positive return on equity of 16.55%. Trueblue’s revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.66 EPS. Equities research analysts forecast that Trueblue Inc will post $1.75 EPS for the current year.
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A number of equities research analysts have weighed in on the company. Zacks Investment Research downgraded Trueblue from a “hold” rating to a “sell” rating in a report on Saturday, February 11th. TheStreet downgraded Trueblue from a “b-” rating to a “c” rating in a report on Thursday, February 9th. Finally, Avondale Partners raised Trueblue from an “underperform” rating to a “market perform” rating in a report on Monday, December 19th. Two investment analysts have rated the stock with a sell rating and three have given a hold rating to the company’s stock. Trueblue has an average rating of “Hold” and an average price target of $19.80.
In other Trueblue news, EVP James E. Defebaugh sold 2,000 shares of the business’s stock in a transaction on Wednesday, February 15th. The shares were sold at an average price of $25.62, for a total transaction of $51,240.00. Following the sale, the executive vice president now owns 49,029 shares of the company’s stock, valued at approximately $1,256,122.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP James E. Defebaugh sold 8,000 shares of the business’s stock in a transaction on Monday, February 13th. The shares were sold at an average price of $25.15, for a total transaction of $201,200.00. Following the sale, the executive vice president now directly owns 53,284 shares in the company, valued at approximately $1,340,092.60. The disclosure for this sale can be found here. Insiders own 2.00% of the company’s stock.
TrueBlue, Inc is a provider of specialized workforce solutions. The Company is engaged in providing staffing, on-site workforce management and recruitment process outsourcing services. The Company operates through three segments: PeopleReady, PeopleManagement and PeopleScout. Its PeopleReady segment provides blue-collar contingent staffing through the PeopleReady service line.
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