TrueBlue, Inc. (NYSE:TBI) Shares Purchased by Invesco Ltd.

Invesco Ltd. increased its position in shares of TrueBlue, Inc. (NYSE:TBI) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 2,032,941 shares of the business services provider’s stock after acquiring an additional 27,515 shares during the quarter. Invesco Ltd. owned approximately 0.07% of TrueBlue worth $17,077,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Russell Investments Group Ltd. raised its position in shares of TrueBlue by 189.4% during the 4th quarter. Russell Investments Group Ltd. now owns 147,200 shares of the business services provider’s stock valued at $1,236,000 after buying an additional 96,340 shares during the period. Wells Fargo & Company MN increased its stake in TrueBlue by 24.7% during the fourth quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider’s stock worth $144,000 after acquiring an additional 3,393 shares during the last quarter. Geode Capital Management LLC increased its stake in TrueBlue by 0.7% during the fourth quarter. Geode Capital Management LLC now owns 678,393 shares of the business services provider’s stock worth $5,700,000 after acquiring an additional 4,499 shares during the last quarter. JPMorgan Chase & Co. raised its position in TrueBlue by 99.6% in the fourth quarter. JPMorgan Chase & Co. now owns 218,552 shares of the business services provider’s stock valued at $1,836,000 after purchasing an additional 109,041 shares during the period. Finally, Advantage Alpha Capital Partners LP acquired a new position in shares of TrueBlue in the 4th quarter valued at $1,980,000. 97.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised TrueBlue from a “sell” rating to a “hold” rating in a research report on Sunday, March 2nd.

TrueBlue Stock Performance

Shares of TBI stock opened at $4.25 on Monday. TrueBlue, Inc. has a one year low of $3.95 and a one year high of $12.29. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.85 and a current ratio of 1.73. The firm’s 50 day moving average price is $5.64 and its 200-day moving average price is $7.02. The firm has a market cap of $126.38 million, a P/E ratio of -1.02, a P/E/G ratio of 3.01 and a beta of 1.42.

TrueBlue (NYSE:TBI) last released its quarterly earnings results on Wednesday, February 19th. The business services provider reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.14. The business had revenue of $385.95 million during the quarter, compared to analyst estimates of $385.04 million. TrueBlue had a negative return on equity of 3.90% and a negative net margin of 8.02%. As a group, equities research analysts predict that TrueBlue, Inc. will post 0.15 EPS for the current year.

Insider Buying and Selling at TrueBlue

In other TrueBlue news, CFO Carl Schweihs acquired 10,000 shares of the stock in a transaction dated Monday, February 24th. The stock was acquired at an average price of $6.25 per share, with a total value of $62,500.00. Following the completion of the purchase, the chief financial officer now owns 166,551 shares in the company, valued at $1,040,943.75. This trade represents a 6.39 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Taryn R. Owen acquired 12,735 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $5.94 per share, with a total value of $75,645.90. Following the acquisition, the chief executive officer now directly owns 414,932 shares of the company’s stock, valued at approximately $2,464,696.08. This represents a 3.17 % increase in their position. The disclosure for this purchase can be found here. Insiders bought a total of 25,235 shares of company stock valued at $151,271 in the last three months. 5.00% of the stock is owned by corporate insiders.

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.