Triple-S Management Corporation (NYSE:GTS) issued its quarterly earnings results on Tuesday. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.18) by $0.57, MarketWatch Earnings reports. The company had revenue of $745.90 million during the quarter, compared to the consensus estimate of $723.25 million. Triple-S Management Corporation had a negative return on equity of 0.44% and a net margin of 0.33%. Triple-S Management Corporation’s revenue was down .9% on a year-over-year basis. During the same period last year, the business posted $0.11 earnings per share.
Shares of Triple-S Management Corporation (NYSE GTS) opened at 15.58 on Tuesday. Triple-S Management Corporation has a 12 month low of $15.05 and a 12 month high of $25.30. The company’s 50 day moving average price is $16.26 and its 200-day moving average price is $17.51. The stock has a market capitalization of $376.15 million, a P/E ratio of 39.54 and a beta of 0.58.
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Separately, Zacks Investment Research raised Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, May 3rd.
A number of institutional investors have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Triple-S Management Corporation by 2.3% in the fourth quarter. State Street Corp now owns 511,057 shares of the company’s stock worth $10,577,000 after buying an additional 11,281 shares in the last quarter. Strs Ohio raised its stake in shares of Triple-S Management Corporation by 22.5% in the first quarter. Strs Ohio now owns 39,200 shares of the company’s stock worth $688,000 after buying an additional 7,200 shares in the last quarter. Nordea Investment Management AB raised its stake in shares of 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. SG Americas Securities LLC bought a new stake in shares of Triple-S Management Corporation during the first quarter worth $189,000. Finally, Citadel Advisors LLC raised its stake in shares of Triple-S Management Corporation by 395.3% in the first quarter. Citadel Advisors LLC now owns 68,248 shares of the company’s stock worth $1,199,000 after buying an additional 54,469 shares in the last quarter. 81.24% of the stock is currently 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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