TrueBlue, Inc. (TBI) Stake Reduced by Chartwell Investment Partners LLC, Report finds

TrueBlue, Inc. (TBI) Stake Reduced by Chartwell Investment Partners LLC, Report finds

Chartwell Investment Partners LLC reduced its position in TrueBlue, Inc. (NYSE:TBI) by 66.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 717,480 shares of the company’s stock after selling 1,405,144 shares during the period. Chartwell Investment Partners LLC owned about 1.74% of TrueBlue worth $16,258,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Gotham Asset Management LLC raised its position in shares of TrueBlue by 81.5% in the third quarter. Gotham Asset Management LLC now owns 313,490 shares of the company’s stock worth $7,104,000 after buying an additional 140,763 shares in the last quarter. Perkins Investment Management LLC raised its position in shares of TrueBlue by 71.6% in the third quarter. Perkins Investment Management LLC now owns 547,055 shares of the company’s stock worth $12,396,000 after buying an additional 228,191 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of TrueBlue by 3.0% in the third quarter. Acrospire Investment Management LLC now owns 10,156 shares of the company’s stock worth $230,000 after buying an additional 300 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of TrueBlue during the third quarter worth approximately $136,000. Finally, GMT Capital Corp raised its position in shares of TrueBlue by 206.0% in the third quarter. GMT Capital Corp now owns 1,749,073 shares of the company’s stock worth $39,634,000 after buying an additional 1,177,473 shares in the last quarter. Hedge funds and other institutional investors own 89.27% of the company’s stock.

TrueBlue, Inc. (NYSE:TBI) traded down 0.62% during midday trading on Wednesday, reaching $23.85. 467,910 shares of the company traded hands. TrueBlue, Inc. has a 12 month low of $16.50 and a 12 month high of $27.57. The firm’s market capitalization is $983.69 million. The firm’s 50 day moving average price is $24.47 and its 200 day moving average price is $22.14.

TrueBlue (NYSE:TBI) last released its quarterly earnings data on Wednesday, February 8th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The company earned $734.95 million during the quarter, compared to the consensus estimate of $703.86 million. TrueBlue had a negative net margin of 0.18% and a positive return on equity of 16.47%. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. On average, analysts expect that TrueBlue, Inc. will post $2.00 earnings per share for the current year.

A number of brokerages have commented on TBI. TheStreet upgraded shares of TrueBlue from a “hold” rating to a “buy” rating in a report on Friday, December 23rd. Zacks Investment Research upgraded shares of TrueBlue from a “sell” rating to a “hold” rating in a research note on Wednesday, December 21st. Avondale Partners upgraded shares of TrueBlue from an “underperform” rating to a “market perform” rating in a research note on Monday, December 19th. Finally, Deutsche Bank AG upgraded shares of TrueBlue from a “sell” rating to a “hold” rating and set a $18.00 target price on the stock in a research note on Wednesday, November 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.80.

TrueBlue Company Profile

TrueBlue, Inc (TrueBlue) is a provider of specialized workforce solutions. The Company is engaged in providing staffing, recruitment process outsourcing, and managed service provider solutions. The Company operates through two segments: Staffing Services and Managed Services. The Company offers on-premise temporary blue-collar staffing, and outsourced service offerings in recruitment process outsourcing (RPO) and management of contingent labor services providers (MSP) solutions.

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).

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TrueBlue, Inc. (TBI) Stake Reduced by Chartwell Investment Partners LLC

TrueBlue, Inc. (TBI) Stake Reduced by Chartwell Investment Partners LLC

Chartwell Investment Partners LLC reduced its position in TrueBlue, Inc. (NYSE:TBI) by 66.2% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 717,480 shares of the company’s stock after selling 1,405,144 shares during the period. Chartwell Investment Partners LLC owned about 1.74% of TrueBlue worth $16,258,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Gotham Asset Management LLC raised its position in shares of TrueBlue by 81.5% in the third quarter. Gotham Asset Management LLC now owns 313,490 shares of the company’s stock worth $7,104,000 after buying an additional 140,763 shares in the last quarter. Perkins Investment Management LLC raised its position in shares of TrueBlue by 71.6% in the third quarter. Perkins Investment Management LLC now owns 547,055 shares of the company’s stock worth $12,396,000 after buying an additional 228,191 shares in the last quarter. Acrospire Investment Management LLC raised its position in shares of TrueBlue by 3.0% in the third quarter. Acrospire Investment Management LLC now owns 10,156 shares of the company’s stock worth $230,000 after buying an additional 300 shares in the last quarter. Catalyst Capital Advisors LLC purchased a new position in shares of TrueBlue during the third quarter worth approximately $136,000. Finally, GMT Capital Corp raised its position in shares of TrueBlue by 206.0% in the third quarter. GMT Capital Corp now owns 1,749,073 shares of the company’s stock worth $39,634,000 after buying an additional 1,177,473 shares in the last quarter. Hedge funds and other institutional investors own 89.27% of the company’s stock.

TrueBlue, Inc. (NYSE:TBI) traded down 0.62% during midday trading on Wednesday, reaching $23.85. 467,910 shares of the company traded hands. TrueBlue, Inc. has a 12 month low of $16.50 and a 12 month high of $27.57. The firm’s market capitalization is $983.69 million. The firm’s 50 day moving average price is $24.47 and its 200 day moving average price is $22.14.

TrueBlue (NYSE:TBI) last released its quarterly earnings data on Wednesday, February 8th. The company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.04. The company earned $734.95 million during the quarter, compared to the consensus estimate of $703.86 million. TrueBlue had a negative net margin of 0.18% and a positive return on equity of 16.47%. The firm’s revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the firm earned $0.66 EPS. On average, analysts expect that TrueBlue, Inc. will post $2.00 earnings per share for the current year.

A number of brokerages have commented on TBI. TheStreet upgraded shares of TrueBlue from a “hold” rating to a “buy” rating in a report on Friday, December 23rd. Zacks Investment Research upgraded shares of TrueBlue from a “sell” rating to a “hold” rating in a research note on Wednesday, December 21st. Avondale Partners upgraded shares of TrueBlue from an “underperform” rating to a “market perform” rating in a research note on Monday, December 19th. Finally, Deutsche Bank AG upgraded shares of TrueBlue from a “sell” rating to a “hold” rating and set a $18.00 target price on the stock in a research note on Wednesday, November 9th. One analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $19.80.

TrueBlue Company Profile

TrueBlue, Inc (TrueBlue) is a provider of specialized workforce solutions. The Company is engaged in providing staffing, recruitment process outsourcing, and managed service provider solutions. The Company operates through two segments: Staffing Services and Managed Services. The Company offers on-premise temporary blue-collar staffing, and outsourced service offerings in recruitment process outsourcing (RPO) and management of contingent labor services providers (MSP) solutions.

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).

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