Triple-S Management Corp. (GTS) Upgraded by Zacks Investment Research to Hold
According to Zacks, “Triple-S Management Corporation is an independent licensee of the Blue Cross Blue Shield Association. It is the largest managed care company in Puerto Rico, serving approximately one million members across all regions. Triple-S offers a broad portfolio of managed care and related products in the commercial, Medicare and Reform (similar to Medicaid) markets. In addition to its managed care business, Triple-S provides life and property and casualty insurance in Puerto Rico. “
Separately, TheStreet raised Triple-S Management Corp. from a hold rating to a buy rating in a research report on Tuesday, June 21st.
Triple-S Management Corp. (NYSE:GTS) traded down 1.38% during midday trading on Wednesday, reaching $21.39. 6,393 shares of the company traded hands. Triple-S Management Corp. has a 12-month low of $17.78 and a 12-month high of $27.70. The company has a 50-day moving average price of $22.15 and a 200-day moving average price of $23.98. The company has a market cap of $526.71 million, a price-to-earnings ratio of 20.71 and a beta of 0.95.
Triple-S Management Corp. (NYSE:GTS) last announced its earnings results on Thursday, August 4th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.16. Triple-S Management Corp. had a net margin of 0.84% and a return on equity of 3.31%. The firm earned $747.40 million during the quarter, compared to analyst estimates of $749.56 million. During the same period in the prior year, the business posted $0.28 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, analysts predict that Triple-S Management Corp. will post $1.03 earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently bought and sold shares of GTS. Public Employees Retirement System of Ohio increased its position in shares of Triple-S Management Corp. by 5.6% in the second quarter. Public Employees Retirement System of Ohio now owns 4,791 shares of the company’s stock valued at $117,000 after buying an additional 252 shares in the last quarter. BlackRock Inc. increased its position in shares of Triple-S Management Corp. by 243.4% in the second quarter. BlackRock Inc. now owns 6,570 shares of the company’s stock valued at $160,000 after buying an additional 4,657 shares in the last quarter. AHL Partners LLP acquired a new position in shares of Triple-S Management Corp. during the second quarter valued at approximately $239,000. Boothbay Fund Management LLC acquired a new position in shares of Triple-S Management Corp. during the first quarter valued at approximately $271,000. Finally, BlackRock Advisors LLC increased its position in shares of Triple-S Management Corp. by 2.4% in the second quarter. BlackRock Advisors LLC now owns 11,314 shares of the company’s stock valued at $276,000 after buying an additional 270 shares in the last quarter. 87.26% of the stock is currently owned by hedge funds and other institutional investors.
Triple-S Management Corp. Company Profile
Triple-S Management Corporation operates as a managed care company. The Company offers a range of managed care and related products in the commercial and Medicare markets. The Company’s segments include Managed Care, Life Insurance, and Property and Casualty Insurance. The Managed Care segment is engaged in the sale of managed care products to the Commercial, Medicare and Medicaid market sectors.
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