Connor Clark & Lunn Investment Management Ltd. decreased its position in Triple-S Management Corp. (NYSE:GTS) by 25.3% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 70,905 shares of the company’s stock after selling 24,030 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned about 0.31% of Triple-S Management worth $1,339,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently bought and sold shares of GTS. JPMorgan Chase & Co. grew its holdings in Triple-S Management by 70.6% in the third quarter. JPMorgan Chase & Co. now owns 979,969 shares of the company’s stock valued at $18,512,000 after purchasing an additional 405,659 shares during the last quarter. BlackRock Inc. grew its holdings in Triple-S Management by 7.4% in the third quarter. BlackRock Inc. now owns 1,738,836 shares of the company’s stock valued at $32,846,000 after purchasing an additional 120,284 shares during the last quarter. Hennessy Advisors Inc. acquired a new stake in Triple-S Management in the third quarter valued at $1,736,000. Robeco Institutional Asset Management B.V. grew its holdings in Triple-S Management by 62.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 231,955 shares of the company’s stock valued at $4,382,000 after purchasing an additional 89,545 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew its holdings in Triple-S Management by 16.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 436,749 shares of the company’s stock valued at $17,060,000 after purchasing an additional 60,567 shares during the last quarter. 84.25% of the stock is currently owned by institutional investors.
GTS opened at $19.07 on Friday. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.04. The firm has a market cap of $437.83 million, a P/E ratio of 18.90, a P/E/G ratio of 9.09 and a beta of 0.09. Triple-S Management Corp. has a 52 week low of $16.57 and a 52 week high of $44.01.
Triple-S Management (NYSE:GTS) last posted its quarterly earnings data on Thursday, November 8th. The company reported ($0.97) EPS for the quarter, missing analysts’ consensus estimates of $0.35 by ($1.32). The company had revenue of $764.00 million for the quarter, compared to analyst estimates of $756.77 million. Triple-S Management had a negative net margin of 0.94% and a positive return on equity of 2.79%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.77 EPS. Equities analysts predict that Triple-S Management Corp. will post 0.21 earnings per share for the current fiscal year.
Several analysts have weighed in on GTS shares. Zacks Investment Research lowered Triple-S Management from a “hold” rating to a “strong sell” rating in a report on Friday, November 9th. TheStreet lowered Triple-S Management from a “b” rating to a “c+” rating in a report on Thursday, August 16th. Finally, ValuEngine lowered Triple-S Management from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th.
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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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