Bank of New York Mellon Corp Has $14.77 Million Holdings in TrueBlue, Inc. (TBI)

Bank of New York Mellon Corp cut its holdings in shares of TrueBlue, Inc. (NYSE:TBI) by 74.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 557,287 shares of the business services provider’s stock after selling 1,659,273 shares during the quarter. Bank of New York Mellon Corp owned approximately 1.34% of TrueBlue worth $14,767,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Schwab Charles Investment Management Inc. increased its holdings in TrueBlue by 1.5% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 453,956 shares of the business services provider’s stock worth $12,416,000 after purchasing an additional 6,795 shares during the last quarter. Great West Life Assurance Co. Can increased its holdings in TrueBlue by 4.2% during the 2nd quarter. Great West Life Assurance Co. Can now owns 61,360 shares of the business services provider’s stock worth $1,623,000 after purchasing an additional 2,500 shares during the last quarter. Citadel Advisors LLC increased its holdings in TrueBlue by 362.2% during the 1st quarter. Citadel Advisors LLC now owns 73,966 shares of the business services provider’s stock worth $2,023,000 after purchasing an additional 57,962 shares during the last quarter. Swiss National Bank increased its holdings in TrueBlue by 2.2% during the 1st quarter. Swiss National Bank now owns 70,000 shares of the business services provider’s stock worth $1,915,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Alambic Investment Management L.P. increased its holdings in TrueBlue by 1.8% during the 1st quarter. Alambic Investment Management L.P. now owns 22,100 shares of the business services provider’s stock worth $604,000 after purchasing an additional 400 shares during the last quarter. Institutional investors own 89.82% of the company’s stock.

TrueBlue, Inc. (NYSE TBI) opened at 21.40 on Friday. TrueBlue, Inc. has a 12 month low of $16.50 and a 12 month high of $28.70. The firm has a market cap of $889.77 million, a price-to-earnings ratio of 15.11 and a beta of 2.38. The stock has a 50 day moving average price of $20.57 and a 200 day moving average price of $25.13.

TrueBlue (NYSE:TBI) last posted its quarterly earnings data on Monday, July 31st. The business services provider reported $0.42 earnings per share for the quarter, hitting the consensus estimate of $0.42. TrueBlue had a return on equity of 15.18% and a net margin of 2.27%. The business had revenue of $610.10 million during the quarter, compared to analysts’ expectations of $610.04 million. During the same quarter in the previous year, the firm earned $0.54 EPS. The firm’s revenue was down 9.3% compared to the same quarter last year. On average, equities analysts expect that TrueBlue, Inc. will post $1.69 earnings per share for the current fiscal year.

In other TrueBlue news, EVP Wayne W. Larkin sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $20.38, for a total value of $203,800.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 2.00% of the stock is currently owned by insiders.

WARNING: “Bank of New York Mellon Corp Has $14.77 Million Holdings in TrueBlue, Inc. (TBI)” was posted by TrueBlueTribune and is the property of of TrueBlueTribune. If you are accessing this article on another site, it was stolen and republished in violation of US & international copyright legislation. The correct version of this article can be viewed at https://www.truebluetribune.com/2017/09/22/bank-of-new-york-mellon-corp-has-14-77-million-holdings-in-trueblue-inc-tbi.html.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded TrueBlue from a “buy” rating to a “hold” rating in a report on Thursday, July 13th. ValuEngine downgraded TrueBlue from a “buy” rating to a “hold” rating in a report on Friday, September 1st. TheStreet downgraded TrueBlue from a “b-” rating to a “c+” rating in a report on Friday, August 18th. BidaskClub downgraded TrueBlue from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, BMO Capital Markets upgraded TrueBlue from an “underperform” rating to a “market perform” rating and lifted their price objective for the stock from $25.00 to $28.00 in a report on Friday, May 26th. Two research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. TrueBlue currently has a consensus rating of “Hold” and an average price target of $21.25.

TrueBlue Profile

TrueBlue, Inc is a provider of specialized workforce solutions. The Company is engaged in providing staffing, on-site workforce management and recruitment process outsourcing services. The Company operates through three segments: PeopleReady, PeopleManagement and PeopleScout. Its PeopleReady segment provides blue-collar contingent staffing through the PeopleReady service line.

Want to see what other hedge funds are holding TBI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for TrueBlue, Inc. (NYSE:TBI).

Institutional Ownership by Quarter for TrueBlue (NYSE:TBI)

Receive News & Ratings for TrueBlue Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TrueBlue Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply