Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Triple-S Management Corporation (GTS) Share Price
Headlines about Triple-S Management Corporation (NYSE:GTS) have trended somewhat positive on Friday, according to Accern Sentiment Analysis. The research firm identifies positive and negative media coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Triple-S Management Corporation earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned news coverage about the company an impact score of 47.1370967600874 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
These are some of the news articles that may have effected Accern’s analysis:
- Triple-S Management Corporation (NYSE:GTS) Traded 31.8% Above Its 50 Day Moving Average (highlightpress.com)
- Triple-S Management Corporation (NYSE:GTS) Stock Closed 31.8% Above Its 50 Day Average (highlightpress.com)
- Triple-S Mgmt-B Has Returned 27.3% Since SmarTrend Recommendation (GTS) (mysmartrend.com)
- Triple-S Management Corp. – Value Analysis (NYSE:GTS) : August 21, 2017 (finance.yahoo.com)
- Triple-S Management Corporation (GTS) Upgraded by TheStreet to B- (americanbankingnews.com)
Shares of Triple-S Management Corporation (NYSE:GTS) opened at 24.40 on Friday. The company has a market cap of $591.60 million, a price-to-earnings ratio of 32.49 and a beta of 0.58. Triple-S Management Corporation has a 52 week low of $15.05 and a 52 week high of $24.41. The firm’s 50-day moving average is $18.33 and its 200-day moving average is $17.74.
Triple-S Management Corporation (NYSE:GTS) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.57. The firm had revenue of $745.90 million during the quarter, compared to analysts’ expectations of $723.25 million. Triple-S Management Corporation had a return on equity of 0.19% and a net margin of 0.63%. The firm’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the prior year, the business posted $0.11 EPS. Equities research analysts predict that Triple-S Management Corporation will post $0.86 earnings per share for the current year.
Triple-S Management Corporation announced that its Board of Directors has authorized a share repurchase program on Tuesday, August 8th that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the company to repurchase up to 6.4% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.
A number of research firms recently issued reports on GTS. BidaskClub upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, May 3rd. Wells Fargo & Company upgraded shares of Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and boosted their price target for the company from $16.00 to $20.00 in a research note on Wednesday, August 9th. Finally, TheStreet upgraded shares of Triple-S Management Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 17th.
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In related news, insider Arturo Carrion sold 1,100 shares of the company’s stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $23.80, for a total transaction of $26,180.00. Following the completion of the sale, the insider now directly owns 48,663 shares in the company, valued at approximately $1,158,179.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.52% of the company’s stock.
About Triple-S Management Corporation
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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