Federated Hermes Inc. cut its stake in TrueBlue, Inc. (NYSE:TBI – Free Report) by 96.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,065 shares of the business services provider’s stock after selling 56,331 shares during the quarter. Federated Hermes Inc.’s holdings in TrueBlue were worth $32,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of the company. Quantbot Technologies LP purchased a new stake in TrueBlue during the 3rd quarter valued at about $158,000. Jump Financial LLC acquired a new stake in shares of TrueBlue in the third quarter valued at approximately $162,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in TrueBlue by 46.3% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,483 shares of the business services provider’s stock worth $168,000 after buying an additional 3,635 shares in the last quarter. Amalgamated Bank grew its holdings in TrueBlue by 10.4% in the 3rd quarter. Amalgamated Bank now owns 13,151 shares of the business services provider’s stock valued at $193,000 after buying an additional 1,234 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new stake in shares of TrueBlue in the 4th quarter worth $239,000. 97.15% of the stock is currently owned by institutional investors and hedge funds.
TrueBlue Stock Down 0.2 %
NYSE:TBI opened at $10.57 on Wednesday. The company has a market capitalization of $331.62 million, a P/E ratio of -23.48 and a beta of 1.51. TrueBlue, Inc. has a 52 week low of $10.15 and a 52 week high of $19.06. The stock’s fifty day moving average is $11.40 and its two-hundred day moving average is $12.88.
Wall Street Analysts Forecast Growth
Separately, Robert W. Baird dropped their price objective on shares of TrueBlue from $14.00 to $13.00 and set an “outperform” rating for the company in a report on Tuesday.
View Our Latest Report on TrueBlue
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.
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