Triple-S Management (NYSE:GTS) issued its quarterly earnings data on Thursday. The company reported ($0.97) earnings per share for the quarter, missing analysts’ consensus estimates of $0.35 by ($1.32), Morningstar.com reports. The firm had revenue of $764.00 million for the quarter, compared to the consensus estimate of $756.77 million. Triple-S Management had a return on equity of 7.33% and a net margin of 0.38%. The company’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.77 EPS.
Shares of NYSE GTS traded down $1.11 during trading on Friday, reaching $20.89. The company had a trading volume of 691,275 shares, compared to its average volume of 162,308. Triple-S Management has a 12 month low of $16.57 and a 12 month high of $44.01. The firm has a market capitalization of $442.27 million, a PE ratio of 11.05, a price-to-earnings-growth ratio of 0.99 and a beta of 0.12. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04.
A number of equities research analysts recently weighed in on GTS shares. Zacks Investment Research upgraded Triple-S Management from a “hold” rating to a “buy” rating and set a $29.00 price objective on the stock in a research report on Tuesday, August 7th. ValuEngine lowered Triple-S Management from a “sell” rating to a “strong sell” rating in a research report on Friday, August 24th. Finally, TheStreet lowered Triple-S Management from a “b” rating to a “c+” rating in a research report on Thursday, August 16th.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in GTS. Hartford Investment Management Co. bought a new stake in shares of Triple-S Management in the 2nd quarter valued at about $341,000. Meeder Asset Management Inc. grew its position in shares of Triple-S Management by 112.5% in the 2nd quarter. Meeder Asset Management Inc. now owns 4,796 shares of the company’s stock valued at $187,000 after buying an additional 2,539 shares during the last quarter. Bessemer Group Inc. bought a new stake in shares of Triple-S Management in the 2nd quarter valued at about $773,000. First Quadrant L P CA bought a new stake in shares of Triple-S Management in the 2nd quarter valued at about $503,000. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Triple-S Management by 28.0% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 94,935 shares of the company’s stock valued at $3,708,000 after buying an additional 20,760 shares during the last quarter. Hedge funds and other institutional investors own 84.41% of the company’s stock.
About Triple-S Management
Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare, and Medicaid markets in Puerto Rico, the United States. The company operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance.
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