Clark Estates Inc. NY continued to hold its stake in Trueblue Inc (NYSE:TBI) during the first quarter, Holdings Channel reports. The firm owned 150,000 shares of the business services provider’s stock at the end of the first quarter. Trueblue accounts for about 0.6% of Clark Estates Inc. NY’s portfolio, making the stock its 24th largest position. Clark Estates Inc. NY owned approximately 0.37% of Trueblue worth $4,103,000 as of its most recent SEC filing.
Several other large investors also recently bought and sold shares of the stock. State of Alaska Department of Revenue raised its stake in Trueblue by 1.3% in the first quarter. State of Alaska Department of Revenue now owns 4,660 shares of the business services provider’s stock worth $127,000 after buying an additional 60 shares during the period. Louisiana State Employees Retirement System raised its stake in Trueblue by 0.6% in the first quarter. Louisiana State Employees Retirement System now owns 17,200 shares of the business services provider’s stock worth $470,000 after buying an additional 100 shares during the period. Fox Run Management L.L.C. bought a new stake in Trueblue during the first quarter worth about $325,000. Norges Bank bought a new stake in Trueblue during the fourth quarter worth about $12,894,000. Finally, Thrivent Financial for Lutherans raised its stake in Trueblue by 62.6% in the fourth quarter. Thrivent Financial for Lutherans now owns 68,570 shares of the business services provider’s stock worth $1,690,000 after buying an additional 26,400 shares during the period. Institutional investors and hedge funds own 88.46% of the company’s stock.
Trueblue Inc (NYSE:TBI) traded up 0.38% on Friday, reaching $26.70. The company had a trading volume of 368,962 shares. The stock’s market capitalization is $1.09 billion. The stock has a 50 day moving average price of $26.51 and a 200 day moving average price of $23.55. Trueblue Inc has a 52-week low of $16.50 and a 52-week high of $27.85.
Trueblue (NYSE:TBI) last issued its quarterly earnings data on Wednesday, February 8th. The business services provider reported $0.56 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.02. Trueblue had a negative net margin of 0.55% and a positive return on equity of 16.55%. The firm had revenue of $734.95 million for the quarter, compared to analyst estimates of $703.86 million. During the same quarter in the previous year, the business posted $0.66 EPS. The firm’s revenue was down 9.3% compared to the same quarter last year. Analysts expect that Trueblue Inc will post $1.75 EPS for the current year.
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A number of equities research analysts have recently issued reports on the company. Zacks Investment Research upgraded Trueblue from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Wednesday, April 12th. BMO Capital Markets restated a “sell” rating and issued a $20.00 price target on shares of Trueblue in a research report on Wednesday, April 5th. Finally, TheStreet cut Trueblue from a “b-” rating to a “c” rating in a report on Thursday, February 9th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. Trueblue has an average rating of “Hold” and an average target price of $21.00.
In other news, EVP James E. Defebaugh sold 8,000 shares of the company’s stock in a transaction dated Monday, February 13th. The shares were sold at an average price of $25.15, for a total value of $201,200.00. Following the sale, the executive vice president now owns 53,284 shares in the company, valued at approximately $1,340,092.60. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP James E. Defebaugh sold 2,000 shares of the company’s stock in a transaction dated Wednesday, February 15th. The shares were sold at an average price of $25.62, for a total transaction of $51,240.00. Following the completion of the sale, the executive vice president now owns 49,029 shares in the company, valued at approximately $1,256,122.98. The disclosure for this sale can be found here. Corporate insiders own 2.00% of the company’s stock.
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.
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