TrueBlue, Inc. (NYSE:TBI) Shares Sold by American Century Companies Inc.

American Century Companies Inc. lowered its stake in TrueBlue, Inc. (NYSE:TBI) by 4.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 581,454 shares of the business services provider’s stock after selling 25,605 shares during the quarter. American Century Companies Inc. owned about 1.90% of TrueBlue worth $5,989,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Azarias Capital Management L.P. lifted its holdings in TrueBlue by 196.7% in the first quarter. Azarias Capital Management L.P. now owns 886,121 shares of the business services provider’s stock worth $11,094,000 after purchasing an additional 587,427 shares during the period. Invenomic Capital Management LP acquired a new stake in TrueBlue in the first quarter worth about $1,557,000. State Board of Administration of Florida Retirement System acquired a new stake in TrueBlue in the first quarter worth about $192,000. Quantbot Technologies LP lifted its holdings in TrueBlue by 181.3% in the 1st quarter. Quantbot Technologies LP now owns 41,987 shares of the business services provider’s stock valued at $526,000 after acquiring an additional 27,060 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of TrueBlue by 41.8% during the 1st quarter. BNP Paribas Financial Markets now owns 82,337 shares of the business services provider’s stock valued at $1,031,000 after purchasing an additional 24,286 shares in the last quarter. Institutional investors and hedge funds own 97.15% of the company’s stock.

TrueBlue Stock Down 3.8 %

NYSE:TBI opened at $7.70 on Wednesday. The stock has a fifty day simple moving average of $8.86 and a 200 day simple moving average of $10.19. The firm has a market capitalization of $235.39 million, a price-to-earnings ratio of -20.81 and a beta of 1.50. TrueBlue, Inc. has a 1-year low of $7.09 and a 1-year high of $16.14.

TrueBlue (NYSE:TBI) last announced its earnings results on Monday, August 5th. The business services provider reported ($0.35) EPS for the quarter, missing the consensus estimate of ($0.05) by ($0.30). TrueBlue had a negative return on equity of 0.55% and a negative net margin of 6.18%. The firm had revenue of $396.00 million during the quarter, compared to analyst estimates of $414.49 million. During the same quarter in the previous year, the business earned $0.17 earnings per share. The business’s quarterly revenue was down 16.7% compared to the same quarter last year. Equities analysts predict that TrueBlue, Inc. will post -0.65 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. BMO Capital Markets dropped their target price on shares of TrueBlue from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, August 7th. StockNews.com cut TrueBlue from a “hold” rating to a “sell” rating in a report on Tuesday, 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.