Triple-S Management Corporation (NYSE:GTS) shares hit a new 52-week low during trading on Friday . The stock traded as low as $15.56 and last traded at $15.56, with a volume of 31,537 shares traded. The stock had previously closed at $15.73.
Separately, Zacks Investment Research raised Triple-S Management Corporation from a “strong sell” rating to a “hold” rating in a report on Wednesday, July 12th.
The company has a market cap of $377.11 million, a PE ratio of 39.64 and a beta of 0.60. The company has a 50-day moving average of $16.55 and a 200 day moving average of $17.87.
Triple-S Management Corporation (NYSE:GTS) last announced its quarterly earnings data on Tuesday, May 9th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.29. Triple-S Management Corporation had a net margin of 0.33% and a negative return on equity of 0.44%. The company had revenue of $722.50 million for the quarter, compared to the consensus estimate of $748.76 million. During the same period last year, the business posted $0.14 earnings per share. The firm’s quarterly revenue was down 4.5% compared to the same quarter last year. On average, analysts anticipate that Triple-S Management Corporation will post $0.10 earnings per share for the current fiscal year.
Several hedge funds have recently bought and sold shares of GTS. Renaissance Technologies LLC acquired a new stake in Triple-S Management Corporation during the first quarter valued at about $2,397,000. Heartland Advisors Inc. boosted its stake in Triple-S Management Corporation by 26.0% in the first quarter. Heartland Advisors Inc. now owns 656,087 shares of the company’s stock valued at $11,527,000 after buying an additional 135,327 shares during the last quarter. Lakewood Capital Management LP boosted its stake in Triple-S Management Corporation by 12.5% in the first quarter. Lakewood Capital Management LP now owns 952,458 shares of the company’s stock valued at $16,735,000 after buying an additional 106,049 shares during the last quarter. Schroder Investment Management Group boosted its stake in Triple-S Management Corporation by 133.7% in the first quarter. Schroder Investment Management Group now owns 163,100 shares of the company’s stock valued at $2,835,000 after buying an additional 93,300 shares during the last quarter. Finally, Brandes Investment Partners LP acquired a new stake in Triple-S Management Corporation during the first quarter valued at about $1,232,000. 81.93% of the stock is currently owned by institutional investors.
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About Triple-S Management Corporation
Triple-S Management Corporation operates as a managed care company. The Company offers a range of managed care and related products in the commercial, Medicaid 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.
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