Militia Capital Management LLC Invests $412,000 in TrueBlue, Inc. $TBI

Militia Capital Management LLC acquired a new stake in TrueBlue, Inc. (NYSE:TBI) in the first quarter, HoldingsChannel reports. The firm acquired 105,420 shares of the business services provider’s stock, valued at approximately $412,000.

Several other institutional investors and hedge funds have also modified their holdings of TBI. Dynamic Technology Lab Private Ltd purchased a new stake in TrueBlue in the 1st quarter worth approximately $156,000. Envestnet Asset Management Inc. purchased a new position in shares of TrueBlue during the 2nd quarter worth $83,000. Geode Capital Management LLC boosted its holdings in shares of TrueBlue by 0.5% during the second quarter. Geode Capital Management LLC now owns 692,713 shares of the business services provider’s stock worth $4,490,000 after purchasing an additional 3,269 shares during the last quarter. XTX Topco Ltd grew its position in shares of TrueBlue by 11.4% in the second quarter. XTX Topco Ltd now owns 18,106 shares of the business services provider’s stock valued at $117,000 after purchasing an additional 1,858 shares during the period. Finally, Hsbc Holdings PLC increased its stake in TrueBlue by 6.5% in the second quarter. Hsbc Holdings PLC now owns 43,259 shares of the business services provider’s stock valued at $288,000 after purchasing an additional 2,646 shares during the last quarter. Hedge funds and other institutional investors own 97.15% of the company’s stock.

Analyst Upgrades and Downgrades

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

TrueBlue Price Performance

Shares of TrueBlue stock opened at $7.52 on Tuesday. The business’s fifty day moving average price is $7.21 and its 200 day moving average price is $5.50. TrueBlue, Inc. has a twelve month low of $3.18 and a twelve 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 stock has a market capitalization of $228.64 million, a P/E ratio of -4.22 and a beta of 1.60.

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