TrueBlue, Inc. (NYSE:TBI) Shares Sold by Azarias Capital Management L.P.

Azarias Capital Management L.P. trimmed its stake in shares of TrueBlue, Inc. (NYSE:TBI) by 7.7% during the fourth quarter, Holdings Channel reports. The firm owned 1,590,516 shares of the business services provider’s stock after selling 131,832 shares during the period. TrueBlue comprises about 6.0% of Azarias Capital Management L.P.’s holdings, making the stock its 7th largest position. Azarias Capital Management L.P. owned approximately 0.05% of TrueBlue worth $13,360,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantbot Technologies LP bought a new stake in TrueBlue in the 3rd quarter valued at about $79,000. SG Americas Securities LLC acquired a new stake in shares of TrueBlue in the fourth quarter valued at approximately $108,000. Quantinno Capital Management LP bought a new stake in shares of TrueBlue during the third quarter valued at approximately $149,000. Walleye Capital LLC acquired a new position in shares of TrueBlue during the third quarter worth approximately $227,000. Finally, RBF Capital LLC bought a new position in TrueBlue in the 3rd quarter worth approximately $316,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.

TrueBlue Price Performance

Shares of NYSE:TBI opened at $7.30 on Thursday. The stock has a market cap of $215.79 million, a price-to-earnings ratio of -1.90, a PEG ratio of 3.66 and a beta of 1.42. TrueBlue, Inc. has a 12 month low of $6.63 and a 12 month high of $13.28. The stock’s 50 day moving average price is $8.03 and its 200 day moving average price is $7.93.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on TBI shares. BMO Capital Markets reduced their price target on TrueBlue from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Tuesday, November 5th. StockNews.com downgraded shares of TrueBlue from a “hold” rating to a “sell” rating in a report on Thursday, February 6th.

TrueBlue 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.