Triple-S Management (GTS) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research cut shares of Triple-S Management (NYSE:GTS) from a strong-buy rating to a hold rating in a research report released on Wednesday.

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. “

Separately, ValuEngine raised shares of Triple-S Management from a hold rating to a buy rating in a research note on Sunday, December 31st. Three investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of Hold and an average target price of $25.50.

Triple-S Management (NYSE GTS) traded up $0.30 during midday trading on Wednesday, reaching $24.76. 65,977 shares of the company’s stock traded hands, compared to its average volume of 102,760. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.78 and a quick ratio of 0.78. The stock has a market capitalization of $586.08, a price-to-earnings ratio of 14.15, a price-to-earnings-growth ratio of 1.34 and a beta of 0.40. Triple-S Management has a 52 week low of $15.05 and a 52 week high of $29.43.

Triple-S Management (NYSE:GTS) last posted its quarterly earnings data on Thursday, November 9th. The company reported $0.77 EPS for the quarter, topping the consensus estimate of $0.18 by $0.59. The company had revenue of $731.00 million during the quarter, compared to analyst estimates of $728.66 million. Triple-S Management had a net margin of 1.44% and a return on equity of 3.05%. Triple-S Management’s quarterly revenue was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.26) earnings per share. research analysts anticipate that Triple-S Management will post 1.23 EPS for the current fiscal year.

In other news, insider Iraida T. Ojeda-Castro sold 1,667 shares of the business’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $27.51, for a total transaction of $45,859.17. Following the completion of the sale, the insider now directly owns 8,445 shares of the company’s stock, valued at $232,321.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.52% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently modified their holdings of the company. Public Employees Retirement System of Ohio boosted its stake in shares of Triple-S Management by 20.7% during the second quarter. Public Employees Retirement System of Ohio now owns 7,030 shares of the company’s stock valued at $119,000 after purchasing an additional 1,204 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Triple-S Management during the third quarter valued at $148,000. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Triple-S Management during the second quarter valued at $187,000. Smith Asset Management Group LP purchased a new stake in shares of Triple-S Management during the third quarter valued at $194,000. Finally, Nine Chapters Capital Management LLC purchased a new stake in shares of Triple-S Management during the third quarter valued at $211,000. 84.79% of the stock is owned by hedge funds and other institutional investors.

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About Triple-S Management

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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