TrueBlue (NYSE:TBI) Downgraded to Sell Rating by StockNews.com

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

Separately, BMO Capital Markets reduced their price objective 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 Trading Up 0.6 %

TBI opened at $6.37 on Friday. TrueBlue has a fifty-two week low of $6.05 and a fifty-two week high of $12.88. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.73 and a quick ratio of 1.85. The firm has a market capitalization of $189.09 million, a price-to-earnings ratio of -1.53, a PEG ratio of 3.01 and a beta of 1.42. The company’s 50 day moving average price is $7.82 and its two-hundred day moving average price is $7.73.

TrueBlue (NYSE:TBI) last posted its earnings results on Wednesday, February 19th. The business services provider reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.14. TrueBlue had a negative net margin of 8.02% and a negative return on equity of 3.90%. The firm had revenue of $385.95 million for the quarter, compared to analyst estimates of $385.04 million. As a group, research analysts predict that TrueBlue will post 0.15 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the stock. Two Sigma Advisers LP lifted its position in shares of TrueBlue by 8.7% during the 4th quarter. Two Sigma Advisers LP now owns 59,800 shares of the business services provider’s stock valued at $502,000 after acquiring an additional 4,800 shares during the period. Two Sigma Investments LP lifted its position in shares of TrueBlue by 20.3% during the 4th quarter. Two Sigma Investments LP now owns 99,527 shares of the business services provider’s stock valued at $836,000 after acquiring an additional 16,769 shares during the period. State of Wyoming lifted its position in shares of TrueBlue by 17.4% during the 4th quarter. State of Wyoming now owns 21,192 shares of the business services provider’s stock valued at $178,000 after acquiring an additional 3,134 shares during the period. Nuveen Asset Management LLC lifted its position in shares of TrueBlue by 262.7% during the 4th quarter. Nuveen Asset Management LLC now owns 561,093 shares of the business services provider’s stock valued at $4,713,000 after acquiring an additional 406,405 shares during the period. Finally, Invenomic Capital Management LP lifted its position in shares of TrueBlue by 45.5% during the 4th quarter. Invenomic Capital Management LP now owns 341,383 shares of the business services provider’s stock valued at $2,868,000 after acquiring an additional 106,736 shares during the period. Institutional investors and hedge funds 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.