Bowling Portfolio Management LLC Invests $263,000 in Triple-S Management Corp. (NYSE:GTS)
Bowling Portfolio Management LLC purchased a new position in Triple-S Management Corp. (NYSE:GTS) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 14,723 shares of the company’s stock, valued at approximately $263,000. Bowling Portfolio Management LLC owned 0.06% of Triple-S Management as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors and hedge funds have also made changes to their positions in the company. Engineers Gate Manager LP purchased a new stake in shares of Triple-S Management in the 2nd quarter worth approximately $396,000. Bank of America Corp DE lifted its position in Triple-S Management by 105.8% during the second quarter. Bank of America Corp DE now owns 98,729 shares of the company’s stock valued at $1,878,000 after acquiring an additional 50,752 shares during the last quarter. Balyasny Asset Management LLC purchased a new stake in Triple-S Management during the second quarter valued at approximately $198,000. Grantham Mayo Van Otterloo & Co. LLC purchased a new stake in Triple-S Management during the second quarter valued at approximately $662,000. Finally, Bank of Montreal Can lifted its position in Triple-S Management by 962.8% during the second quarter. Bank of Montreal Can now owns 2,030 shares of the company’s stock valued at $35,000 after acquiring an additional 1,839 shares during the last quarter. 93.31% of the stock is owned by hedge funds and other institutional investors.
NYSE:GTS opened at $20.44 on Friday. Triple-S Management Corp. has a 52 week low of $9.13 and a 52 week high of $21.51. The firm has a 50 day moving average of $18.89 and a 200 day moving average of $18.03. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.06. The stock has a market capitalization of $479.07 million, a price-to-earnings ratio of 10.87 and a beta of 0.73.
GTS has been the subject of a number of analyst reports. TheStreet cut shares of Triple-S Management from a “b-” rating to a “c+” rating in a research report on Tuesday, September 8th. ValuEngine cut shares of Triple-S Management from a “sell” rating to a “strong sell” rating in a research report on Tuesday, September 15th.
Triple-S Management Company Profile
Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare Advantage, and Medicaid markets. It operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance. The company offers various managed care products, including health maintenance organization plans; preferred provider organization plans; BlueCard program; Medicare Supplement products; Medicare Advantage products; Medicaid plans; and claims processing and other administrative services to employers, professional and trade associations, individuals, and government entities.
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