November 17, 2016 - By Marguerite Chambers · 0 Comments
The stock of Trueblue Incorporated (NYSE:TBI) registered an increase of 10.21% in short interest. TBI’s total short interest was 730,700 shares in November as published by FINRA. Its up 10.21% from 663,000 shares, reported previously. With 241,400 shares average volume, it will take short sellers 3 days to cover their TBI’s short positions. The short interest to Trueblue Incorporated’s float is 1.81%. Trueblue Inc (NYSE:TBI) has declined 25.09% since April 15, 2016 and is downtrending. It has underperformed by 29.72% the S&P500.
TrueBlue, Inc. is a provider of specialized workforce solutions. The company has a market cap of $853.83 million. The Firm is engaged in providing staffing, recruitment process outsourcing, and managed service well-known provider solutions. It currently has negative earnings. The Firm operates through two divisions: Staffing Services and Managed Services.
Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.12, from 1.07 in 2016Q1. The ratio dropped, as 44 funds sold all Trueblue Inc shares owned while 47 reduced positions. 27 funds bought stakes while 59 increased positions. They now own 34.52 million shares or 10.41% less from 38.53 million shares in 2016Q1.
Guggenheim Capital Ltd Company has 83,895 shares for 0% of their US portfolio. Deere Communication reported 21,718 shares or 0.02% of all its holdings. The Delaware-based Blackrock Limited Liability Company has invested 0% in Trueblue Inc (NYSE:TBI). Pacad Invest has invested 0.03% of its portfolio in Trueblue Inc (NYSE:TBI). Panagora Asset Mgmt holds 143,752 shares or 0.01% of its portfolio. Bridgeway Capital Management has 0.01% invested in the company for 29,500 shares. Us Financial Bank De holds 0% of its portfolio in Trueblue Inc (NYSE:TBI) for 37,929 shares. Comerica National Bank accumulated 0.01% or 42,830 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 911 shares or 0% of the stock. Edge Asset Mgmt, a Washington-based fund reported 139,311 shares. First Trust Advisors Lp reported 51,704 shares or 0% of all its holdings. Credit Suisse Ag holds 55,489 shares or 0% of its portfolio. Moreover, Tower Rech Capital Ltd Llc (Trc) has 0.01% invested in Trueblue Inc (NYSE:TBI) for 3,654 shares. California State Teachers Retirement Systems, a California-based fund reported 88,321 shares. State Of Tennessee Treasury Department holds 0% of its portfolio in Trueblue Inc (NYSE:TBI) for 33,284 shares.
Out of 5 analysts covering TrueBlue (NYSE:TBI), 0 rate it a “Buy”, 3 “Sell”, while 2 “Hold”. This means 0 are positive. TrueBlue has been the topic of 11 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The company was downgraded on Thursday, April 21 by BMO Capital Markets. The stock has “Outperform” rating given by Robert W. Baird on Thursday, October 22. Avondale downgraded Trueblue Inc (NYSE:TBI) on Thursday, October 20 to “Mkt Underperform” rating. On Friday, October 16 the stock rating was downgraded by Deutsche Bank to “Hold”. The stock of Trueblue Inc (NYSE:TBI) earned “Neutral” rating by Bank of America on Wednesday, January 13. The firm has “Market Outperform” rating given on Thursday, April 21 by Avondale. Deutsche Bank initiated Trueblue Inc (NYSE:TBI) on Thursday, August 18 with “Sell” rating. The stock has “Sell” rating given by Deutsche Bank on Thursday, October 20. On Thursday, April 21 the stock rating was downgraded by Robert W. Baird to “Neutral”.
TrueBlue, Inc. (TrueBlue), incorporated on March 18, 1985, is a well-known provider of specialized workforce solutions. The Firm is engaged in providing staffing, recruitment process outsourcing, and managed service well-known provider solutions. The Firm operates through two divisions: Staffing Services and Managed Services. The Firm 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. On-premise staffing is sourcing, screening, recruiting and management of an on-premise 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 provide clients with quality and spend management with respect to their contingent labor vendors. The complementary service lines are included in the Managed Services.
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By Marguerite Chambers