Triple-S Management Corp. (GTS) Stock Rating Upgraded by Zacks Investment Research
Triple-S Management Corp. (NYSE:GTS) was upgraded by Zacks Investment Research from a “strong sell” rating to a “hold” rating in a research report issued 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, TheStreet upgraded shares of Triple-S Management Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 21st.
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Shares of Triple-S Management Corp. (NYSE:GTS) traded up 0.33% during trading on Wednesday, reaching $21.50. The company’s stock had a trading volume of 52,797 shares. The company’s 50-day moving average is $22.08 and its 200-day moving average is $23.94. Triple-S Management Corp. has a 12 month low of $17.78 and a 12 month high of $27.70. The company has a market capitalization of $529.42 million, a P/E ratio of 20.81 and a beta of 0.95.
Triple-S Management Corp. (NYSE:GTS) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.16. The business had revenue of $747.40 million for the quarter, compared to the consensus estimate of $749.56 million. Triple-S Management Corp. had a return on equity of 3.31% and a net margin of 0.84%. The firm’s revenue for the quarter was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.28 EPS. On average, analysts forecast that Triple-S Management Corp. will post $1.03 EPS for the current fiscal year.
A number of hedge funds and other institutional investors have recently made changes to their positions in GTS. Public Employees Retirement System of Ohio boosted its position in Triple-S Management Corp. by 5.6% in the second quarter. Public Employees Retirement System of Ohio now owns 4,791 shares of the company’s stock worth $117,000 after buying an additional 252 shares during the period. BlackRock Advisors LLC boosted its position in Triple-S Management Corp. by 2.4% in the second quarter. BlackRock Advisors LLC now owns 11,314 shares of the company’s stock worth $276,000 after buying an additional 270 shares during the period. American Century Companies Inc. boosted its position in Triple-S Management Corp. by 0.9% in the second quarter. American Century Companies Inc. now owns 33,290 shares of the company’s stock worth $813,000 after buying an additional 286 shares during the period. Strs Ohio boosted its position in Triple-S Management Corp. by 3.1% in the second quarter. Strs Ohio now owns 29,600 shares of the company’s stock worth $723,000 after buying an additional 900 shares during the period. Finally, Alliancebernstein L.P. boosted its position in Triple-S Management Corp. by 4.0% in the second quarter. Alliancebernstein L.P. now owns 31,457 shares of the company’s stock worth $768,000 after buying an additional 1,205 shares during the period. Hedge funds and other institutional investors own 87.26% of the company’s stock.
About Triple-S Management Corp.
Triple-S Management Corporation operates as a managed care company. The Company offers a range of managed care and related products in the commercial 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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