TrueBlue (NYSE:TBI) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of TrueBlue (NYSE:TBI) from a sell rating to a hold rating in a research note issued to investors on Friday.

Separately, BMO Capital Markets reduced their price objective on shares of TrueBlue from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th.

TrueBlue Stock Performance

NYSE:TBI opened at $7.51 on Friday. TrueBlue has a twelve month low of $6.63 and a twelve month high of $13.08. The company has a 50-day moving average of $8.00 and a 200-day moving average of $7.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TBI. Pzena Investment Management LLC lifted its position in shares of TrueBlue by 0.3% in the fourth quarter. Pzena Investment Management LLC now owns 2,788,628 shares of the business services provider’s stock worth $23,424,000 after buying an additional 8,511 shares during the last quarter. Invesco Ltd. lifted its position in shares of TrueBlue by 1.4% during the 4th quarter. Invesco Ltd. now owns 2,032,941 shares of the business services provider’s stock worth $17,077,000 after purchasing an additional 27,515 shares during the last quarter. FMR LLC lifted its position in shares of TrueBlue by 10.0% during the 3rd quarter. FMR LLC now owns 1,742,474 shares of the business services provider’s stock worth $13,748,000 after purchasing an additional 158,967 shares during the last quarter. Royce & Associates LP lifted its position in shares of TrueBlue by 40.8% during the 4th quarter. Royce & Associates LP now owns 1,523,193 shares of the business services provider’s stock worth $12,795,000 after purchasing an additional 441,108 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of TrueBlue by 0.7% during the 4th quarter. Geode Capital Management LLC now owns 678,393 shares of the business services provider’s stock worth $5,700,000 after purchasing an additional 4,499 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

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.