TrueBlue, Inc. (NYSE:TBI) Shares Acquired by Pzena Investment Management LLC

Pzena Investment Management LLC boosted its holdings in TrueBlue, Inc. (NYSE:TBI) by 0.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,788,628 shares of the business services provider’s stock after acquiring an additional 8,511 shares during the period. Pzena Investment Management LLC owned 9.43% of TrueBlue worth $23,424,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently added to or reduced their stakes in the business. State Street Corp grew its stake in TrueBlue by 0.3% in the 3rd quarter. State Street Corp now owns 665,901 shares of the business services provider’s stock valued at $5,254,000 after acquiring an additional 1,968 shares during the last quarter. Empowered Funds LLC lifted its holdings in TrueBlue by 5.1% in the 4th quarter. Empowered Funds LLC now owns 172,069 shares of the business services provider’s stock valued at $1,445,000 after purchasing an additional 8,327 shares in the last quarter. Quantbot Technologies LP purchased a new position in TrueBlue in the 3rd quarter valued at about $79,000. SG Americas Securities LLC purchased a new position in TrueBlue in the 4th quarter valued at about $108,000. Finally, Proficio Capital Partners LLC purchased a new position in TrueBlue in the 4th quarter valued at about $116,000. 97.15% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TrueBlue

In related news, CFO Carl Schweihs acquired 10,000 shares of the business’s stock in a transaction dated Monday, February 24th. The shares were acquired at an average cost of $6.25 per share, for a total transaction of $62,500.00. Following the acquisition, the chief financial officer now directly owns 166,551 shares in the company, valued at approximately $1,040,943.75. The trade was a 6.39 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Taryn R. Owen purchased 12,735 shares of the business’s stock in a transaction that occurred on Wednesday, February 26th. The stock was acquired at an average price of $5.94 per share, for a total transaction of $75,645.90. Following the acquisition, the chief executive officer now directly owns 414,932 shares of the company’s stock, valued at $2,464,696.08. This trade represents a 3.17 % increase in their position. The disclosure for this purchase can be found here. Insiders own 4.00% of the company’s stock.

TrueBlue Price Performance

NYSE:TBI opened at $5.49 on Tuesday. The firm has a market cap of $162.95 million, a price-to-earnings ratio of -1.32, a price-to-earnings-growth ratio of 3.01 and a beta of 1.35. The company has a current ratio of 1.73, a quick ratio of 1.85 and a debt-to-equity ratio of 0.02. The company’s 50-day moving average is $7.30 and its two-hundred day moving average is $7.59. TrueBlue, Inc. has a 12-month low of $5.46 and a 12-month high of $12.66.

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

Wall Street Analyst Weigh In

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

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.