Triple-S Management Corporation (GTS) Sets New 12-Month Low at $15.11
Triple-S Management Corporation (NYSE:GTS)’s share price reached a new 52-week low on Thursday . The stock traded as low as $15.11 and last traded at $15.10, with a volume of 38,388 shares. The stock had previously closed at $15.60.
Separately, Zacks Investment Research upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, July 18th.
The firm has a 50-day moving average of $16.26 and a 200-day moving average of $17.51. The stock has a market cap of $368.42 million, a PE ratio of 38.73 and a beta of 0.58.
Triple-S Management Corporation (NYSE:GTS) last issued its earnings results on Tuesday, May 9th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.29. Triple-S Management Corporation had a net margin of 0.33% and a negative return on equity of 0.44%. The firm had revenue of $722.50 million during the quarter, compared to the consensus estimate of $748.76 million. During the same period in the previous year, the company posted $0.14 EPS. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, equities analysts anticipate that Triple-S Management Corporation will post $0.10 earnings per share for the current year.
Several large investors have recently modified their holdings of the company. Public Employees Retirement System of Ohio increased its stake in shares of Triple-S Management Corporation by 16.0% in the first quarter. Public Employees Retirement System of Ohio now owns 5,826 shares of the company’s stock valued at $102,000 after buying an additional 803 shares in the last quarter. Legal & General Group Plc bought a new stake in shares of Triple-S Management Corporation during the first quarter valued at about $102,000. UBS Group AG increased its stake in shares of Triple-S Management Corporation by 81.1% in the first quarter. UBS Group AG now owns 7,677 shares of the company’s stock valued at $135,000 after buying an additional 3,439 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Triple-S Management Corporation during the first quarter valued at about $189,000. Finally, Nine Chapters Capital Management LLC bought a new stake in shares of Triple-S Management Corporation during the first quarter valued at about $218,000. 81.39% of the stock is owned by institutional investors.
Triple-S Management Corporation 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, Medicaid 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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