Triple-S Management Corp. (GTS) Stake Boosted by Federated Investors Inc. PA

Federated Investors Inc. PA raised its stake in Triple-S Management Corp. (NYSE:GTS) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 19,215 shares of the company’s stock after buying an additional 947 shares during the period. Federated Investors Inc. PA owned approximately 0.08% of Triple-S Management Corp. worth $398,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the company. Lakewood Capital Management LP increased its stake in shares of Triple-S Management Corp. by 68.8% in the third quarter. Lakewood Capital Management LP now owns 763,705 shares of the company’s stock valued at $16,748,000 after buying an additional 311,247 shares in the last quarter. State Street Corp increased its stake in shares of Triple-S Management Corp. by 2.3% in the fourth quarter. State Street Corp now owns 511,057 shares of the company’s stock valued at $10,577,000 after buying an additional 11,281 shares in the last quarter. JPMorgan Chase & Co. increased its stake in shares of Triple-S Management Corp. by 4.0% in the third quarter. JPMorgan Chase & Co. now owns 401,925 shares of the company’s stock valued at $8,815,000 after buying an additional 15,458 shares in the last quarter. Russell Investments Group Ltd. acquired a new stake in shares of Triple-S Management Corp. during the fourth quarter valued at about $4,112,000. Finally, Mackenzie Financial Corp increased its stake in shares of Triple-S Management Corp. by 10.6% in the third quarter. Mackenzie Financial Corp now owns 62,345 shares of the company’s stock valued at $1,367,000 after buying an additional 5,964 shares in the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

Shares of Triple-S Management Corp. (NYSE:GTS) traded down 1.03% on Friday, reaching $18.31. The company’s stock had a trading volume of 63,564 shares. The stock has a market cap of $441.45 million, a PE ratio of 25.79 and a beta of 0.89. The company’s 50 day moving average is $17.57 and its 200-day moving average is $20.13. Triple-S Management Corp. has a 1-year low of $16.49 and a 1-year high of $27.70.

Triple-S Management Corp. (NYSE:GTS) last announced its quarterly earnings results on Thursday, March 2nd. The company reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.05. The business had revenue of $730.70 million for the quarter, compared to analyst estimates of $731.47 million. Triple-S Management Corp. had a return on equity of 1.41% and a net margin of 0.65%. Triple-S Management Corp.’s quarterly revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. On average, equities analysts predict that Triple-S Management Corp. will post $1.00 earnings per share for the current fiscal year.

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Separately, Zacks Investment Research raised Triple-S Management Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, January 3rd.

Triple-S Management Corp. 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 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.