Triple-S Management Corporation (NYSE:GTS) Upgraded to Hold at Zacks Investment Research
Triple-S Management Corporation (NYSE:GTS) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Tuesday.
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. “
Triple-S Management Corporation (GTS) traded down 1.92% during mid-day trading on Tuesday, hitting $15.83. The stock had a trading volume of 61,991 shares. The firm has a market cap of $382.18 million, a P/E ratio of 40.18 and a beta of 0.60. Triple-S Management Corporation has a 12-month low of $15.65 and a 12-month high of $26.86. The stock has a 50-day moving average price of $16.58 and a 200 day moving average price of $17.90.
Triple-S Management Corporation (NYSE:GTS) last issued its quarterly earnings data on Tuesday, May 9th. The company reported ($0.20) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.09 by $0.29. The firm had revenue of $722.50 million for the quarter, compared to analyst estimates of $748.76 million. Triple-S Management Corporation had a negative return on equity of 0.44% and a net margin of 0.33%. The business’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.14 earnings per share. Equities analysts anticipate that Triple-S Management Corporation will post $0.10 EPS for the current fiscal year.
Institutional investors have recently added to or reduced their stakes in the company. Legal & General Group Plc bought a new position in Triple-S Management Corporation during the first quarter valued at $102,000. Public Employees Retirement System of Ohio increased its position in Triple-S Management Corporation by 16.0% in the first quarter. Public Employees Retirement System of Ohio now owns 5,826 shares of the company’s stock valued at $102,000 after buying an additional 803 shares during the last quarter. UBS Group AG increased its position in Triple-S Management Corporation by 81.1% in the first quarter. UBS Group AG now owns 7,677 shares of the company’s stock valued at $135,000 after buying an additional 3,439 shares during the last quarter. SG Americas Securities LLC bought a new position in Triple-S Management Corporation during the first quarter valued at $189,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in Triple-S Management Corporation during the third quarter valued at $208,000. 81.93% of the stock is owned by institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Triple-S Management Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triple-S Management Corporation and related companies with MarketBeat.com's FREE daily email newsletter.