12,812 Shares in TrueBlue, Inc. (NYSE:TBI) Bought by SG Americas Securities LLC

SG Americas Securities LLC purchased a new stake in TrueBlue, Inc. (NYSE:TBI) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 12,812 shares of the business services provider’s stock, valued at approximately $108,000.

Other hedge funds also recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in TrueBlue in the third quarter valued at about $79,000. Quantinno Capital Management LP acquired a new stake in TrueBlue during the third quarter valued at approximately $149,000. Walleye Capital LLC bought a new stake in shares of TrueBlue in the 3rd quarter valued at approximately $227,000. RBF Capital LLC acquired a new position in shares of TrueBlue in the 3rd quarter worth approximately $316,000. Finally, Y Intercept Hong Kong Ltd raised its holdings in shares of TrueBlue by 97.1% in the 3rd quarter. Y Intercept Hong Kong Ltd now owns 40,194 shares of the business services provider’s stock worth $317,000 after buying an additional 19,799 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

TrueBlue Trading Down 1.6 %

NYSE TBI opened at $7.30 on Thursday. The firm has a market cap of $215.79 million, a price-to-earnings ratio of -1.90, a PEG ratio of 3.66 and a beta of 1.42. TrueBlue, Inc. has a 1-year low of $6.63 and a 1-year high of $13.28. The company has a 50 day moving average of $8.03 and a 200-day moving average of $7.93.

Wall Street Analyst Weigh In

A number of analysts have weighed in on TBI shares. StockNews.com cut TrueBlue from a “hold” rating to a “sell” rating in a research report on Thursday, February 6th. BMO Capital Markets reduced their target price on shares of TrueBlue from $11.00 to $10.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 5th.

TrueBlue 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.