Triple-S Management (NYSE:GTS) had its price objective cut by analysts at Wells Fargo & Co from $27.00 to $21.00 in a note issued to investors on Thursday, BenzingaRatingsTable reports. The brokerage currently has a “market perform” rating on the stock. Wells Fargo & Co‘s price objective would indicate a potential upside of 12.24% from the company’s current price.
A number of other analysts have also recently issued reports on the company. ValuEngine cut Triple-S Management from a “sell” rating to a “strong sell” rating in a report on Wednesday, September 4th. TheStreet cut Triple-S Management from a “b” rating to a “c+” rating in a report on Monday. Finally, Zacks Investment Research cut Triple-S Management from a “buy” rating to a “hold” rating in a report on Saturday, August 10th.
Shares of GTS stock traded down $0.44 on Thursday, hitting $18.71. 4,197 shares of the stock were exchanged, compared to its average volume of 130,417. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $430.82 million, a PE ratio of -12.73, a P/E/G ratio of 0.74 and a beta of 0.26. Triple-S Management has a one year low of $15.45 and a one year high of $27.86. The firm’s 50 day moving average is $22.49 and its two-hundred day moving average is $23.69.
Triple-S Management (NYSE:GTS) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.12 earnings per share for the quarter, topping the consensus estimate of $0.42 by $0.70. The company had revenue of $878.60 million during the quarter, compared to the consensus estimate of $792.75 million. Triple-S Management had a return on equity of 3.63% and a net margin of 1.17%. The firm’s quarterly revenue was up 15.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.44 EPS. On average, sell-side analysts expect that Triple-S Management will post 2.5 earnings per share for the current year.
Several large investors have recently added to or reduced their stakes in GTS. Bank of Montreal Can increased its position in shares of Triple-S Management by 575.9% during the 2nd quarter. Bank of Montreal Can now owns 2,021 shares of the company’s stock valued at $48,000 after purchasing an additional 1,722 shares during the last quarter. Investors Research Corp increased its position in shares of Triple-S Management by 31.3% during the 2nd quarter. Investors Research Corp now owns 4,200 shares of the company’s stock valued at $100,000 after purchasing an additional 1,000 shares during the last quarter. BNP Paribas Arbitrage SA increased its position in shares of Triple-S Management by 418.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,554 shares of the company’s stock valued at $104,000 after purchasing an additional 3,676 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Triple-S Management during the 1st quarter valued at about $163,000. Finally, Bank of America Corp DE increased its position in shares of Triple-S Management by 15.9% during the 4th quarter. Bank of America Corp DE now owns 11,468 shares of the company’s stock valued at $199,000 after purchasing an additional 1,574 shares during the last quarter. 81.59% of the stock is currently owned by hedge funds and other institutional investors.
Triple-S Management Company Profile
Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare Advantage, and Medicaid markets. It operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance. The company offers various managed care products, including health maintenance organization plans; preferred provider organization plans; BlueCard program; Medicare Supplement products; Medicare Advantage products; Medicaid plans; and claims processing and other administrative services to employers, professional and trade associations, individuals, and government entities.
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