TrueBlue (NYSE:TBI) Upgraded at StockNews.com

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

Separately, BMO Capital Markets decreased their price target 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 Stock Up 1.5 %

TrueBlue stock opened at $7.51 on Friday. The company has a market cap of $221.94 million, a price-to-earnings ratio of -1.96, a PEG ratio of 3.66 and a beta of 1.42. The firm’s fifty day moving average is $7.99 and its 200 day moving average is $7.83. TrueBlue has a 52-week low of $6.63 and a 52-week high of $13.08.

Institutional Investors Weigh In On TrueBlue

Hedge funds and other institutional investors have recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of TrueBlue in the third quarter valued at $79,000. SG Americas Securities LLC bought a new position in shares of TrueBlue in the fourth quarter worth about $108,000. Proficio Capital Partners LLC bought a new position in shares of TrueBlue in the fourth quarter worth about $116,000. MetLife Investment Management LLC grew its holdings in shares of TrueBlue by 23.5% in the fourth quarter. MetLife Investment Management LLC now owns 15,886 shares of the business services provider’s stock worth $133,000 after purchasing an additional 3,028 shares during the last quarter. Finally, Wells Fargo & Company MN grew its holdings 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 worth $144,000 after purchasing an additional 3,393 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.