Martingale Asset Management L P boosted its position in Triple-S Management Corp. (NYSE:GTS) by 322.1% in the 2nd quarter, Holdings Channel reports. The firm owned 76,841 shares of the company’s stock after buying an additional 58,635 shares during the quarter. Martingale Asset Management L P’s holdings in Triple-S Management were worth $3,002,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Mount Yale Investment Advisors LLC bought a new stake in shares of Triple-S Management during the first quarter valued at approximately $118,000. Meeder Asset Management Inc. raised its stake in shares of Triple-S Management by 112.5% during the second quarter. Meeder Asset Management Inc. now owns 4,796 shares of the company’s stock valued at $187,000 after acquiring an additional 2,539 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Triple-S Management during the second quarter valued at approximately $196,000. Hartford Investment Management Co. bought a new stake in shares of Triple-S Management during the second quarter valued at approximately $341,000. Finally, Cambria Investment Management L.P. bought a new stake in shares of Triple-S Management during the first quarter valued at approximately $265,000. 84.08% of the stock is owned by institutional investors and hedge funds.

Triple-S Management stock opened at $22.71 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.04. Triple-S Management Corp. has a fifty-two week low of $21.14 and a fifty-two week high of $44.01. The company has a market cap of $527.15 million, a PE ratio of 8.27, a P/E/G ratio of 1.18 and a beta of 0.22.

Triple-S Management (NYSE:GTS) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.35 by $0.09. Triple-S Management had a net margin of 0.38% and a return on equity of 7.33%. The firm had revenue of $763.10 million during the quarter, compared to the consensus estimate of $758.40 million. During the same quarter in the previous year, the firm posted $0.39 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. sell-side analysts predict that Triple-S Management Corp. will post 1.93 EPS for the current year.

GTS has been the subject of several research analyst reports. ValuEngine downgraded shares of Triple-S Management from a “strong-buy” rating to a “buy” rating in a research note on Saturday, July 28th. Zacks Investment Research raised shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research note on Tuesday, August 7th. Finally, TheStreet downgraded shares of Triple-S Management from a “b” rating to a “c+” rating in a research note on Thursday, August 16th.

Triple-S Management Profile

Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare, and Medicaid markets in Puerto Rico, the United States. The company operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance.

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Institutional Ownership by Quarter for Triple-S Management (NYSE:GTS)

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