XTX Topco Ltd Purchases Shares of 16,248 TrueBlue, Inc. (NYSE:TBI)

XTX Topco Ltd purchased a new stake in TrueBlue, Inc. (NYSE:TBI) during the 1st quarter, Holdings Channel.com reports. The firm purchased 16,248 shares of the business services provider’s stock, valued at approximately $86,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. JPMorgan Chase & Co. increased its position in shares of 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 acquiring an additional 109,041 shares during the last quarter. Geode Capital Management LLC increased its position in shares of TrueBlue by 0.7% in the fourth quarter. Geode Capital Management LLC now owns 678,393 shares of the business services provider’s stock valued at $5,700,000 after acquiring an additional 4,499 shares during the last quarter. Wells Fargo & Company MN increased its position in shares of TrueBlue by 24.7% in the fourth quarter. Wells Fargo & Company MN now owns 17,112 shares of the business services provider’s stock valued at $144,000 after acquiring an additional 3,393 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of TrueBlue by 189.4% in the fourth quarter. Russell Investments Group Ltd. now owns 147,200 shares of the business services provider’s stock valued at $1,236,000 after acquiring an additional 96,340 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of TrueBlue by 1.4% in the fourth quarter. Invesco Ltd. now owns 2,032,941 shares of the business services provider’s stock valued at $17,077,000 after acquiring an additional 27,515 shares during the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

TrueBlue Trading Down 1.4%

Shares of NYSE:TBI opened at $5.74 on Friday. TrueBlue, Inc. has a 12-month low of $3.45 and a 12-month high of $9.05. The stock has a market cap of $171.63 million, a PE ratio of -4.99 and a beta of 1.55. The business has a 50 day moving average of $6.60 and a 200-day moving average of $6.00. The company has a quick ratio of 1.94, a current ratio of 1.94 and a debt-to-equity ratio of 0.18.

TrueBlue (NYSE:TBI) last issued its quarterly earnings data on Monday, August 4th. The business services provider reported ($0.07) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.31) by $0.24. The company had revenue of $396.30 million during the quarter, compared to analysts’ expectations of $400.52 million. TrueBlue had a negative return on equity of 5.74% and a negative net margin of 2.21%. As a group, equities research analysts forecast that TrueBlue, Inc. will post 0.15 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, BMO Capital Markets boosted their price target on TrueBlue from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 6th.

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.