Triple-S Management (GTS) Issues Earnings Results, Misses Expectations By $1.32 EPS
Triple-S Management (NYSE:GTS) posted its quarterly earnings data on Thursday. The company reported ($0.97) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.35 by ($1.32), Morningstar.com reports. Triple-S Management had a return on equity of 7.33% and a net margin of 0.38%. The company had revenue of $764.00 million for the quarter, compared to analysts’ expectations of $756.77 million. During the same quarter last year, the business posted $0.77 EPS. The business’s quarterly revenue was up 4.5% on a year-over-year basis.
NYSE GTS traded down $1.11 during trading hours on Friday, reaching $20.89. 691,275 shares of the company were exchanged, compared to its average volume of 186,437. Triple-S Management has a 1 year low of $16.57 and a 1 year high of $44.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.63 and a current ratio of 0.63. The company has a market capitalization of $449.46 million, a PE ratio of 11.05, a price-to-earnings-growth ratio of 1.00 and a beta of 0.12.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Hartford Investment Management Co. purchased a new position in shares of Triple-S Management in the second quarter worth about $341,000. Meeder Asset Management Inc. increased its stake in shares of Triple-S Management by 112.5% in the second quarter. Meeder Asset Management Inc. now owns 4,796 shares of the company’s stock worth $187,000 after purchasing an additional 2,539 shares in the last quarter. Bessemer Group Inc. purchased a new position in shares of Triple-S Management in the second quarter worth about $773,000. First Quadrant L P CA purchased a new position in shares of Triple-S Management in the second quarter worth about $503,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in shares of Triple-S Management by 28.0% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 94,935 shares of the company’s stock worth $3,708,000 after purchasing an additional 20,760 shares in the last quarter. Institutional investors and hedge funds own 84.41% of the company’s stock.
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About Triple-S Management
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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