Militia Capital Management LLC Invests $259,000 in TrueBlue, Inc. $TBI

Militia Capital Management LLC bought a new position in TrueBlue, Inc. (NYSE:TBI) during the 1st quarter, HoldingsChannel reports. The fund bought 66,187 shares of the business services provider’s stock, valued at approximately $259,000.

Other institutional investors have also recently made changes to their positions in the company. Boston Partners raised its holdings in TrueBlue by 107.7% in the 3rd quarter. Boston Partners now owns 1,614,404 shares of the business services provider’s stock worth $9,895,000 after acquiring an additional 837,123 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in TrueBlue by 32.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,012,217 shares of the business services provider’s stock valued at $9,156,000 after purchasing an additional 492,984 shares during the last quarter. Prosight Management LP boosted its stake in TrueBlue by 456.8% during the 4th quarter. Prosight Management LP now owns 442,554 shares of the business services provider’s stock valued at $2,014,000 after purchasing an additional 363,078 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in TrueBlue by 80.8% during the 4th quarter. Russell Investments Group Ltd. now owns 656,233 shares of the business services provider’s stock valued at $2,986,000 after purchasing an additional 293,363 shares during the last quarter. Finally, Invenomic Capital Management LP increased its holdings in shares of TrueBlue by 60.5% in the 4th quarter. Invenomic Capital Management LP now owns 442,225 shares of the business services provider’s stock worth $2,012,000 after purchasing an additional 166,660 shares in the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Wall Street Analysts Forecast Growth

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

TrueBlue Trading Down 8.9%

Shares of TBI stock opened at $7.60 on Friday. TrueBlue, Inc. has a 12-month low of $3.18 and a 12-month high of $8.90. The company has a current ratio of 2.09, a quick ratio of 2.09 and a debt-to-equity ratio of 0.29. The firm’s 50 day moving average is $6.93 and its 200 day moving average is $5.37. The stock has a market capitalization of $231.16 million, a P/E ratio of -4.27 and a beta of 1.60.

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

TrueBlue Company Profile

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.