Y Intercept Hong Kong Ltd Acquires 19,799 Shares of TrueBlue, Inc. (NYSE:TBI)

Y Intercept Hong Kong Ltd grew its holdings in shares of TrueBlue, Inc. (NYSE:TBI) by 97.1% during the third quarter, Holdings Channel.com reports. The institutional investor owned 40,194 shares of the business services provider’s stock after purchasing an additional 19,799 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in TrueBlue were worth $317,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of the stock. nVerses Capital LLC bought a new position in TrueBlue during the second quarter worth $35,000. Quantbot Technologies LP acquired a new position in shares of TrueBlue during the third quarter valued at about $79,000. Quantinno Capital Management LP bought a new position in shares of TrueBlue during the 3rd quarter worth about $149,000. Algert Global LLC acquired a new stake in shares of TrueBlue in the 2nd quarter valued at about $208,000. Finally, Walleye Capital LLC bought a new stake in TrueBlue in the 3rd quarter valued at about $227,000. Institutional investors and hedge funds own 97.15% of the company’s stock.

TrueBlue Stock Down 3.3 %

Shares of NYSE:TBI opened at $8.67 on Wednesday. The business’s 50 day moving average is $7.67 and its 200 day moving average is $8.68. TrueBlue, Inc. has a 12-month low of $6.63 and a 12-month high of $16.14. The stock has a market cap of $256.13 million, a price-to-earnings ratio of -2.26 and a beta of 1.47.

TrueBlue (NYSE:TBI) last posted its quarterly earnings data on Monday, November 4th. The business services provider reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.04. The firm had revenue of $382.36 million for the quarter, compared to the consensus estimate of $386.07 million. TrueBlue had a negative net margin of 6.97% and a negative return on equity of 2.69%. The business’s revenue for the quarter was down 19.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.16 EPS. As a group, equities research analysts expect that TrueBlue, Inc. will post -0.56 earnings per share for the current year.

Wall Street Analysts Forecast Growth

TBI has been the subject of a number of research reports. StockNews.com raised TrueBlue from a “sell” rating to a “hold” rating in a research note on Tuesday, December 10th. BMO Capital Markets decreased their target price 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 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.