BlackRock Amends TrueBlue Stake, Maintains Passive Investment
Ticker: TBI · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 768899
| Field | Detail |
|---|---|
| Company | Trueblue, INC. (TBI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investment
TL;DR
**BlackRock updated its TrueBlue stake, still a passive holder.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, reporting its ownership of TrueBlue, Inc. common stock as of December 31, 2023. This filing, Amendment No. 3, indicates BlackRock's passive investment in TrueBlue, a company specializing in help supply services. This matters to investors because BlackRock is a major institutional investor, and changes in its holdings can signal confidence or concern about TrueBlue's future performance, potentially influencing other investors.
Why It Matters
This filing updates BlackRock's reported ownership in TrueBlue, Inc., providing transparency on a significant institutional investor's position in the company.
Risk Assessment
Risk Level: low — This is a routine amendment from a passive institutional investor, indicating no immediate significant risk or change in company control.
Analyst Insight
Investors should note that BlackRock's continued passive investment in TrueBlue, Inc. suggests no immediate activist intentions or significant changes in their investment thesis, which could be a sign of stability for the stock.
Key Players & Entities
- BlackRock Inc. (company) — the entity filing the SC 13G/A, reporting its ownership in TrueBlue, Inc.
- TrueBlue, Inc. (company) — the subject company whose common stock is being reported on.
- December 31, 2023 (date) — the date of the event which required the filing of this statement.
- January 22, 2024 (date) — the filing date of the SC 13G/A.
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, as indicated by 'FORM TYPE: SC 13G/A' and 'Amendment No: 3'.
Who is the subject company of this filing?
The subject company is TrueBlue, Inc., as stated under 'SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TrueBlue, Inc.'.
Who is the entity that filed this SC 13G/A?
The entity that filed this SC 13G/A is BlackRock Inc., as stated under 'FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: BlackRock Inc.'.
What is the CUSIP number for the securities discussed in this filing?
The CUSIP number for the Common Stock of TrueBlue, Inc. is 89785X101, as listed under '(CUSIP Number)'.
What was the date of the event that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023, as specified under '(Date of Event Which Requires Filing of this Statement)'.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding TrueBlue, Inc. (TBI).