UBS Group AG raised its position in shares of Triple-S Management Corporation (NYSE:GTS) by 81.1% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,677 shares of the company’s stock after buying an additional 3,439 shares during the period. UBS Group AG’s holdings in Triple-S Management Corporation were worth $135,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. State Street Corp increased its position 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 increased its position 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. Heartland Advisors Inc. increased its position in shares of Triple-S Management Corporation by 26.0% in the first quarter. Heartland Advisors Inc. now owns 656,087 shares of the company’s stock worth $11,527,000 after buying an additional 135,327 shares in the last quarter. Wedge Capital Management L L P NC increased its position in shares of Triple-S Management Corporation by 48.1% in the first quarter. Wedge Capital Management L L P NC now owns 16,481 shares of the company’s stock worth $290,000 after buying an additional 5,354 shares in the last quarter. Finally, Algert Global LLC increased its position in shares of Triple-S Management Corporation by 127.8% in the first quarter. Algert Global LLC now owns 85,257 shares of the company’s stock worth $1,498,000 after buying an additional 47,833 shares in the last quarter. Institutional investors own 81.24% of the company’s stock.
Triple-S Management Corporation (NYSE GTS) traded down 0.58% during mid-day trading on Friday, reaching $22.22. The company’s stock had a trading volume of 202,594 shares. The firm’s 50 day moving average is $16.65 and its 200-day moving average is $17.47. The stock has a market cap of $538.75 million, a P/E ratio of 29.59 and a beta of 0.58. Triple-S Management Corporation has a one year low of $15.05 and a one year high of $23.92.
Triple-S Management Corporation (NYSE:GTS) last announced its earnings results on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.57. 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 net margin of 0.63% and a return on equity of 0.19%. Triple-S Management Corporation’s revenue was down .9% compared to the same quarter last year. During the same period last year, the firm earned $0.11 earnings per share. Equities analysts expect that Triple-S Management Corporation will post $0.86 earnings per share for the current fiscal year.
Triple-S Management Corporation announced that its Board of Directors has authorized a stock buyback plan on Tuesday, August 8th that permits the company to repurchase $30.00 million in shares. This repurchase authorization permits the company to repurchase up to 6.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.
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A number of research analysts recently issued reports on GTS shares. Zacks Investment Research upgraded Triple-S Management Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, May 3rd. Wells Fargo & Company raised Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and lifted their price objective for the company from $16.00 to $20.00 in a research report on Wednesday. Finally, BidaskClub raised Triple-S Management Corporation from a “strong sell” rating to a “sell” rating in a research report on Thursday.
Triple-S Management Corporation Company Profile
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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