Triple-S Management Corporation (GTS) Getting Somewhat Favorable Press Coverage, Analysis Finds
News articles about Triple-S Management Corporation (NYSE:GTS) have been trending somewhat positive recently, Accern Sentiment reports. Accern identifies negative and positive news coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Triple-S Management Corporation earned a news impact score of 0.21 on Accern’s scale. Accern also assigned media headlines about the company an impact score of 46.503513611528 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next few days.
Several brokerages have recently issued reports on GTS. Zacks Investment Research cut Triple-S Management Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 11th. Wells Fargo & Company upgraded Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and raised their price objective for the stock from $16.00 to $20.00 in a research note on Wednesday, August 9th. BidaskClub upgraded Triple-S Management Corporation from a “strong sell” rating to a “sell” rating in a research note on Thursday, August 10th. TheStreet upgraded Triple-S Management Corporation from a “c” rating to a “b-” rating in a research note on Thursday, August 17th. Finally, ValuEngine upgraded Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $23.00.
Shares of Triple-S Management Corporation (NYSE GTS) traded up 0.68% on Wednesday, reaching $23.82. The company had a trading volume of 133,435 shares. The firm has a market capitalization of $577.54 million, a P/E ratio of 31.72 and a beta of 0.43. Triple-S Management Corporation has a 52 week low of $15.05 and a 52 week high of $25.41. The company’s 50-day moving average price is $23.90 and its 200 day moving average price is $19.22.
Triple-S Management Corporation (NYSE:GTS) last posted its quarterly earnings data 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 firm had revenue of $745.90 million during the quarter, compared to the consensus estimate 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 revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.11 EPS. On average, analysts expect that Triple-S Management Corporation will post $0.86 EPS for the current year.
Triple-S Management Corporation declared that its Board of Directors has initiated a share repurchase program on Tuesday, August 8th that allows the company to buyback $30.00 million in shares. This buyback authorization allows the company to repurchase up to 6.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s management believes its stock is undervalued.
In other news, insider Arturo Carrion sold 1,100 shares of the stock in a transaction that occurred 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 transaction, the insider now directly owns 48,663 shares of the company’s stock, valued at approximately $1,158,179.40. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.52% of the company’s stock.
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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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