Triple-S Management (NYSE:GTS) Rating Lowered to Strong Sell at ValuEngine

Triple-S Management (NYSE:GTS) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a note issued to investors on Tuesday, ValuEngine reports.

Separately, TheStreet cut Triple-S Management from a “b-” rating to a “c+” rating in a research note on Tuesday, September 8th.

Shares of NYSE:GTS opened at $18.25 on Tuesday. Triple-S Management has a 52-week low of $9.13 and a 52-week high of $21.51. The stock has a market cap of $427.74 million, a P/E ratio of 9.71 and a beta of 0.78. The business’s 50 day moving average is $18.98 and its 200 day moving average is $17.25. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.06.

Triple-S Management (NYSE:GTS) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.76 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.50. Triple-S Management had a return on equity of 8.08% and a net margin of 1.30%. The company had revenue of $875.46 million for the quarter. On average, sell-side analysts anticipate that Triple-S Management will post 2.9 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of GTS. Bank of Montreal Can lifted its holdings 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 worth $35,000 after buying an additional 1,839 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Triple-S Management by 143.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,060 shares of the company’s stock worth $58,000 after buying an additional 1,804 shares during the period. Arkadios Wealth Advisors lifted its holdings in Triple-S Management by 83.4% during the first quarter. Arkadios Wealth Advisors now owns 5,692 shares of the company’s stock worth $80,000 after buying an additional 2,588 shares during the period. BNP Paribas Arbitrage SA lifted its holdings in Triple-S Management by 26.4% during the first quarter. BNP Paribas Arbitrage SA now owns 7,081 shares of the company’s stock worth $100,000 after buying an additional 1,481 shares during the period. Finally, SG Americas Securities LLC lifted its holdings in Triple-S Management by 31.3% during the first quarter. SG Americas Securities LLC now owns 8,575 shares of the company’s stock worth $121,000 after buying an additional 2,046 shares during the period. Institutional investors own 93.31% of the company’s stock.

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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