Zurcher Kantonalbank Zurich Cantonalbank Sells 2,136 Shares of TrueBlue, Inc. (NYSE:TBI)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in TrueBlue, Inc. (NYSE:TBI) by 18.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 9,347 shares of the business services provider’s stock after selling 2,136 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in TrueBlue were worth $143,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of TBI. Quantbot Technologies LP bought a new position in TrueBlue in the 3rd quarter valued at about $158,000. Jump Financial LLC bought a new position in TrueBlue in the third quarter valued at approximately $162,000. Amalgamated Bank increased its stake in TrueBlue by 10.4% in the third quarter. Amalgamated Bank now owns 13,151 shares of the business services provider’s stock valued at $193,000 after acquiring an additional 1,234 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in TrueBlue during the fourth quarter valued at approximately $239,000. Finally, SG Americas Securities LLC bought a new stake in TrueBlue during the third quarter worth $259,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

TrueBlue Trading Down 0.1 %

TrueBlue stock opened at $10.55 on Thursday. The stock has a 50-day moving average price of $11.38 and a two-hundred day moving average price of $12.86. TrueBlue, Inc. has a 12 month low of $10.15 and a 12 month high of $19.06. The company has a market capitalization of $331.00 million, a PE ratio of -23.43 and a beta of 1.51.

TrueBlue (NYSE:TBI) last issued its quarterly earnings data on Monday, May 6th. The business services provider reported $0.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.43) by $0.46. TrueBlue had a negative net margin of 0.74% and a positive return on equity of 2.39%. The business had revenue of $403.00 million during the quarter, compared to analyst estimates of $400.24 million. During the same quarter last year, the business earned ($0.06) EPS. The firm’s quarterly revenue was down 13.4% on a year-over-year basis. As a group, analysts predict that TrueBlue, Inc. will post -0.51 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently issued reports on TBI shares. Robert W. Baird decreased their price target on TrueBlue from $14.00 to $13.00 and set an “outperform” rating on the stock in a research note on Tuesday. BMO Capital Markets dropped their price objective on shares of TrueBlue from $15.00 to $13.00 and set an “outperform” rating for the company in a research note on Wednesday.

TrueBlue Company 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.