Zacks Investment Research Upgrades Triple-S Management Corporation (GTS) to “Hold”

Triple-S Management Corporation (NYSE:GTS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Tuesday, July 18th.

According to Zacks, “Triple-S Management Corporation is an independent licensee of the Blue Cross Blue Shield Association. It is the largest managed care company in Puerto Rico, serving approximately one million members across all regions. Triple-S offers a broad portfolio of managed care and related products in the commercial, Medicare and Reform (similar to Medicaid) markets. In addition to its managed care business, Triple-S provides life and property and casualty insurance in Puerto Rico. “

Shares of Triple-S Management Corporation (NYSE GTS) opened at 17.924 on Tuesday. Triple-S Management Corporation has a 52 week low of $15.05 and a 52 week high of $25.30. The firm has a market cap of $432.74 million, a price-to-earnings ratio of 45.492 and a beta of 0.58. The firm’s 50 day moving average is $16.26 and its 200-day moving average is $17.51.

Triple-S Management Corporation (NYSE:GTS) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.57. Triple-S Management Corporation had a net margin of 0.33% and a negative return on equity of 0.44%. The business had revenue of $745.90 million during the quarter, compared to the consensus estimate of $723.25 million. During the same quarter last year, the firm posted $0.11 EPS. Triple-S Management Corporation’s revenue was down .9% compared to the same quarter last year. Equities research analysts predict that Triple-S Management Corporation will post $0.10 EPS for the current year.

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Hedge funds have recently bought and sold shares of the stock. Schroder Investment Management Group increased 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. SG Americas Securities LLC purchased a new position in Triple-S Management Corporation during the first quarter worth about $189,000. Los Angeles Capital Management & Equity Research Inc. increased its position in Triple-S Management Corporation by 4.7% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 33,120 shares of the company’s stock worth $582,000 after buying an additional 1,500 shares in the last quarter. Brandes Investment Partners LP purchased a new position in Triple-S Management Corporation during the first quarter worth about $1,232,000. Finally, Nordea Investment Management AB increased its position in Triple-S Management Corporation by 23.7% in the first quarter. Nordea Investment Management AB now owns 78,400 shares of the company’s stock worth $1,377,000 after buying an additional 15,000 shares in the last quarter. 81.24% of the stock is owned by institutional investors and hedge funds.

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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