Triple-S Management Corporation (GTS) Getting Somewhat Positive News Coverage, Accern Reports
News headlines about Triple-S Management Corporation (NYSE:GTS) have been trending somewhat positive this week, according to Accern Sentiment Analysis. Accern identifies negative and positive press coverage by monitoring more than 20 million news and blog 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 gave news stories about the company an impact score of 46.7615876024678 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Triple-S Management Corporation (NYSE:GTS) Stock Closed Much Higher Than Its 50 Day Moving Average (highlightpress.com)
- Triple-S Mgmt-B Up 33.7% Since SmarTrend Uptrend Call (GTS) (mysmartrend.com)
- TRIPLE-S MANAGEMENT CORP : Entry into a Material Definitive Agreement, Other Events, Financial Statements and Exhibits (form 8-K) (4-traders.com)
- Triple-S Partners With Optum to Implement a Digital Innovation Strategy to Enhance Services to Members, Clients and Providers (finance.yahoo.com)
- Zacks.com featured highlights Craft Brew Alliance, Stamps.com, Triple-S Management, Orion Engineered Carbons and SolarEdge (finance.yahoo.com)
Shares of Triple-S Management Corporation (NYSE GTS) traded up 2.00% on Thursday, hitting $24.99. The stock had a trading volume of 57,683 shares. The company’s 50-day moving average price is $18.56 and its 200 day moving average price is $17.78. The firm has a market cap of $605.91 million, a P/E ratio of 33.28 and a beta of 0.58. Triple-S Management Corporation has a 12-month low of $15.05 and a 12-month high of $24.99.
Triple-S Management Corporation (NYSE:GTS) last released its earnings results on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.57. The company 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 business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS. On average, equities research analysts forecast that Triple-S Management Corporation will post $0.86 earnings per share for the current fiscal year.
Triple-S Management Corporation announced that its board has approved a stock buyback plan on Tuesday, August 8th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the company to purchase up to 6.4% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its shares are undervalued.
GTS has been the subject of a number of recent analyst reports. TheStreet raised Triple-S Management Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 17th. ValuEngine raised Triple-S Management Corporation from a “sell” rating to a “hold” rating in a report on Tuesday. BidaskClub raised Triple-S Management Corporation from a “sell” rating to a “hold” rating in a report on Thursday, August 24th. Zacks Investment Research raised Triple-S Management Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Wells Fargo & Company raised Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and raised their target price for the company from $16.00 to $20.00 in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $23.00.
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In other news, insider Arturo Carrion sold 1,100 shares of Triple-S Management Corporation stock in a transaction on Tuesday, August 15th. The stock was sold at an average price of $23.80, for a total value of $26,180.00. Following the completion of the sale, the insider now directly owns 48,663 shares of the company’s stock, valued at approximately $1,158,179.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.52% of the stock is currently owned by company insiders.
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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