Triple-S Management Corp. (NYSE:GTS) shares were up 13.5% during trading on Thursday . The company traded as high as $22.16 and last traded at $22.00. Approximately 539,211 shares changed hands during mid-day trading, an increase of 237% from the average daily volume of 159,870 shares. The stock had previously closed at $19.38.
A number of research analysts have commented on GTS shares. Zacks Investment Research upgraded Triple-S Management from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, August 7th. ValuEngine lowered Triple-S Management from a “sell” rating to a “strong sell” rating in a research report on Friday, August 24th. Finally, TheStreet lowered Triple-S Management from a “b” rating to a “c+” rating in a research report on Thursday, August 16th.
The stock has a market cap of $449.46 million, a P/E ratio of 11.05, a price-to-earnings-growth ratio of 1.00 and a beta of 0.12. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.63 and a quick ratio of 0.63.
Triple-S Management (NYSE:GTS) last announced its quarterly earnings data on Thursday, November 8th. The company reported ($0.97) EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($1.32). The firm had revenue of $764.00 million during the quarter, compared to the consensus estimate of $756.77 million. Triple-S Management had a net margin of 0.38% and a return on equity of 7.33%. The firm’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 earnings per share. As a group, equities analysts expect that Triple-S Management Corp. will post 1.93 EPS for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the business. AMP Capital Investors Ltd acquired a new position in shares of Triple-S Management in the 2nd quarter valued at $285,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Triple-S Management by 34.5% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 142,410 shares of the company’s stock valued at $5,563,000 after purchasing an additional 36,522 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Triple-S Management by 8.4% in the 2nd quarter. Russell Investments Group Ltd. now owns 234,512 shares of the company’s stock valued at $9,175,000 after purchasing an additional 18,119 shares during the period. BlackRock Inc. lifted its stake in shares of Triple-S Management by 1.5% in the 2nd quarter. BlackRock Inc. now owns 1,618,552 shares of the company’s stock valued at $63,221,000 after purchasing an additional 23,246 shares during the period. Finally, Schwab Charles Investment Management Inc. lifted its stake in shares of Triple-S Management by 16.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 436,749 shares of the company’s stock valued at $17,060,000 after purchasing an additional 60,567 shares during the period. Hedge funds and other institutional investors own 84.41% of the company’s stock.
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Triple-S Management Company Profile (NYSE:GTS)
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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