66,187 Shares in TrueBlue, Inc. $TBI Bought by Militia Capital Management LLC

Militia Capital Management LLC bought a new position in shares of TrueBlue, Inc. (NYSE:TBI) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 66,187 shares of the business services provider’s stock, valued at approximately $259,000. Militia Capital Management LLC owned 0.22% of TrueBlue as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of TBI. Bank of America Corp DE grew its holdings in shares of TrueBlue by 162.4% during the 2nd quarter. Bank of America Corp DE now owns 210,371 shares of the business services provider’s stock worth $1,363,000 after acquiring an additional 130,201 shares during the period. Ameriprise Financial Inc. lifted its stake in shares of TrueBlue by 38.5% in the 2nd quarter. Ameriprise Financial Inc. now owns 330,049 shares of the business services provider’s stock valued at $2,139,000 after purchasing an additional 91,829 shares during the period. Occudo Quantitative Strategies LP boosted its position in shares of TrueBlue by 20.9% during the second quarter. Occudo Quantitative Strategies LP now owns 26,710 shares of the business services provider’s stock valued at $173,000 after purchasing an additional 4,618 shares in the last quarter. Quantinno Capital Management LP boosted its position in shares of TrueBlue by 177.9% during the second quarter. Quantinno Capital Management LP now owns 74,583 shares of the business services provider’s stock valued at $483,000 after purchasing an additional 47,748 shares in the last quarter. Finally, Sei Investments Co. grew its stake in TrueBlue by 117.6% in the second quarter. Sei Investments Co. now owns 63,597 shares of the business services provider’s stock worth $412,000 after purchasing an additional 34,368 shares during the period. 97.15% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the company. Wall Street Zen raised TrueBlue from a “sell” rating to a “hold” rating in a research report on Saturday, June 20th. Weiss Ratings upgraded shares of TrueBlue from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Finally, Zacks Research raised shares of TrueBlue from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $5.75.

TrueBlue Stock Performance

TrueBlue stock opened at $7.60 on Friday. TrueBlue, Inc. has a twelve month low of $3.18 and a twelve month high of $8.90. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $231.16 million, a P/E ratio of -4.27 and a beta of 1.60. The stock’s 50 day moving average is $6.93 and its 200 day moving average is $5.37.

TrueBlue (NYSE:TBI) last announced its quarterly earnings data on Tuesday, May 5th. The business services provider reported ($0.41) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.45) by $0.04. TrueBlue had a negative return on equity of 7.37% and a negative net margin of 3.25%.The business had revenue of $398.57 million during the quarter, compared to analysts’ expectations of $390.51 million. On average, equities research analysts predict that TrueBlue, Inc. will post -0.09 earnings per share for the current fiscal year.

About TrueBlue

TrueBlue, Inc is a Tacoma, Washington–based workforce solutions provider specializing in temporary staffing, permanent placement and managed service solutions. Operating through its subsidiaries and brands, TrueBlue connects clients across manufacturing, logistics, retail, construction and public sector markets with skilled professionals for both short-term and long-term engagements. The company’s offerings encompass on-demand blue-collar labor, specialized industrial staffing, recruitment process outsourcing (RPO) and contingent workforce management.

TrueBlue’s primary service lines include PeopleReady, which supplies general labor for construction, hospitality and event services; PeopleManagement, which focuses on technical and industrial professionals; PeopleScout, a global RPO business offering end-to-end talent acquisition and consulting; and Staff Management | SMX, which delivers seasonal staffing for large-scale events, amusement parks and federal workforce contracts.