Trueblue Inc (TBI) : Lasalle Street Capital Management added new position in Trueblue Inc during the most recent quarter end. The investment management firm now holds 11,069 shares of Trueblue Inc which is valued at $227,025 , the company said in a statement filed on Jul 19, 2016 with the SEC.Trueblue Inc makes up approximately 0.21% of Lasalle Street Capital Management’s portfolio.
Other Hedge Funds, Including , Lasalle Street Capital Management added TBI to its portfolio by purchasing 11,069 company shares during the most recent quarter which is valued at $227,025. Trueblue Inc makes up approx 0.21% of Lasalle Street Capital Management’s portfolio.Dalton Greiner Hartman Maher Co boosted its stake in TBI in the latest quarter, The investment management firm added 478,162 additional shares and now holds a total of 1,072,437 shares of Trueblue Inc which is valued at $22,070,753. Trueblue Inc makes up approx 1.32% of Dalton Greiner Hartman Maher Co’s portfolio.Capstone Asset Management Co boosted its stake in TBI in the latest quarter, The investment management firm added 1,960 additional shares and now holds a total of 18,790 shares of Trueblue Inc which is valued at $386,698. Trueblue Inc makes up approx 0.01% of Capstone Asset Management Co’s portfolio. Beacon Financial Group sold out all of its stake in TBI during the most recent quarter. The investment firm sold 14,577 shares of TBI which is valued $299,995.Bnp Paribas Arbitrage Sa boosted its stake in TBI in the latest quarter, The investment management firm added 7,116 additional shares and now holds a total of 14,465 shares of Trueblue Inc which is valued at $289,300.
Trueblue Inc opened for trading at $20.3 and hit $20.57 on the upside on Wednesday, eventually ending the session at $20.51, with a gain of 1.23% or 0.25 points. The heightened volatility saw the trading volume jump to 7,86,082 shares. Company has a market cap of $871 M.
On the company’s financial health, Trueblue Inc reported $0.51 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Jul 20, 2016. Analyst had a consensus of $0.43. The company had revenue of $672.60 million for the quarter, compared to analysts expectations of $676.21 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.45 EPS.
Many Wall Street Analysts have commented on Trueblue Inc. Shares were Downgraded by Robert W. Baird on Apr 21, 2016 to ” Neutral” and Lowered the Price Target to $ 23 from a previous price target of $26 .
TrueBlue Inc. (TrueBlue) is a provider of specialized workforce solutions helping clients improve growth and performance. The Company provides staffing recruitment process outsourcing and managed service provider solutions. The Company operates through two reportable segments Staffing Services and Managed Services. The Company offers on-premise temporary blue-collar staffing together with outsourced service offerings in recruitment process outsourcing (RPO) and managed services provider (MSP) solutions. On-premise staffing is sourcing screening recruiting and management of the contingent labor workforce at a customer’s facility. RPO is high-volume sourcing screening and recruiting of permanent employees for all industries and jobs. MSP solutions manage its customer’s overall contingent labor program including vendor selection vendor performance management vendor compliance monitoring and risk management and reducing vendor costs.