Institutional Investors Lead Shift in Brown Tom Inc (NYSE:TBI) Sentiment

May 17, 2018 - By Paula Hilliard

TrueBlue, Inc. (NYSE:TBI) Logo

Sentiment for Brown Tom Inc (NYSE:TBI)

Brown Tom Inc (NYSE:TBI) institutional sentiment decreased to 0.88 in Q4 2017. Its down -0.55, from 1.43 in 2017Q3. The ratio is negative, as 79 funds increased or opened new stock positions, while 90 sold and reduced their stock positions in Brown Tom Inc. The funds in our partner’s database now own: 37.08 million shares, down from 37.18 million shares in 2017Q3. Also, the number of funds holding Brown Tom Inc in their top 10 stock positions was flat from 0 to 0 for the same number . Sold All: 19 Reduced: 71 Increased: 50 New Position: 29.

TrueBlue, Inc. provides contingent staffing, recruitment process outsourcing, and contingent staffing management services in the United States, Canada, and Puerto Rico. The company has market cap of $1.01 billion. It operates through three divisions: PeopleReady, PeopleManagement, and PeopleScout. It has a 18.99 P/E ratio. The PeopleReady segment offers a range of staffing solutions for blue-collar, contingent on-demand, and skilled labor in retail, manufacturing, warehousing, logistics, energy, construction, hospitality, and other industries under Labor Ready, CLP Resources, and Spartan Staffing brand names.

The stock increased 0.99% or $0.25 during the last trading session, reaching $25.45. About 180,029 shares traded. TrueBlue, Inc. (NYSE:TBI) has declined 4.66% since May 17, 2017 and is downtrending. It has underperformed by 16.21% the S&P500.

Analysts await TrueBlue, Inc. (NYSE:TBI) to report earnings on July, 30. They expect $0.49 earnings per share, up 16.67 % or $0.07 from last year’s $0.42 per share. TBI’s profit will be $19.47M for 12.98 P/E if the $0.49 EPS becomes a reality. After $0.31 actual earnings per share reported by TrueBlue, Inc. for the previous quarter, Wall Street now forecasts 58.06 % EPS growth.

Hood River Capital Management Llc holds 0.97% of its portfolio in TrueBlue, Inc. for 612,313 shares. Gmt Capital Corp owns 1.68 million shares or 0.94% of their US portfolio. Moreover, Matarin Capital Management Llc has 0.88% invested in the company for 410,039 shares. The New York-based Clark Estates Inc Ny has invested 0.69% in the stock. Lucus Advisors Llc, a New York-based fund reported 11,762 shares.

TrueBlue, Inc. (NYSE:TBI) Ratings Coverage

Ratings analysis reveals 0 of Trueblue Inc’s analysts are positive. Out of 2 Wall Street analysts rating Trueblue Inc, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. The lowest target is $27.0 while the high is $30.0. The stock’s average target of $28 is 10.02% above today’s ($25.45) share price. TBI was included in 3 notes of analysts from January 22, 2018. The stock of TrueBlue, Inc. (NYSE:TBI) earned “Market Perform” rating by BMO Capital Markets on Thursday, February 8. Robert W. Baird maintained the shares of TBI in report on Wednesday, February 7 with “Hold” rating. The stock of TrueBlue, Inc. (NYSE:TBI) earned “Hold” rating by BMO Capital Markets on Monday, January 22.

More recent TrueBlue, Inc. (NYSE:TBI) news were published by: which released: “TrueBlue Remains A Good Option For A Value Portfolio” on May 04, 2018. Also published the news titled: “TrueBlue Reports Fiscal First Quarter 2018 Results” on April 30, 2018.‘s news article titled: “TrueBlue plunges 9% post Q1 results” with publication date: May 01, 2018 was also an interesting one.

TrueBlue, Inc. (NYSE:TBI) Institutional Positions Chart

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