Triple-S Management Corp. (NYSE:GTS) reached a new 52-week low during trading on Thursday . The stock traded as low as $18.20 and last traded at $18.20, with a volume of 7066 shares. The stock had previously closed at $19.45.
Several equities research analysts have recently commented on the company. Zacks Investment Research lowered Triple-S Management from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. TheStreet lowered Triple-S Management from a “b” rating to a “c+” rating in a research note 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.
The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $438.10 million, a PE ratio of 9.22, a price-to-earnings-growth ratio of 0.98 and a beta of -0.08.
Triple-S Management (NYSE:GTS) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.09. Triple-S Management had a return on equity of 7.33% and a net margin of 0.38%. The business had revenue of $763.10 million during the quarter, compared to analyst estimates of $758.40 million. During the same quarter in the prior year, the business posted $0.39 EPS. Triple-S Management’s revenue for the quarter was up 2.9% compared to the same quarter last year. Analysts expect that Triple-S Management Corp. will post 1.93 earnings per share for the current year.
A number of hedge funds have recently modified their holdings of GTS. Mount Yale Investment Advisors LLC bought a new position in shares of Triple-S Management during the 1st quarter valued at about $118,000. Meeder Asset Management Inc. boosted its holdings in shares of Triple-S Management by 112.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,796 shares of the company’s stock valued at $187,000 after purchasing an additional 2,539 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Triple-S Management during the 2nd quarter valued at about $196,000. Jane Street Group LLC bought a new position in shares of Triple-S Management during the 2nd quarter valued at about $243,000. Finally, Summit Trail Advisors LLC boosted its holdings in shares of Triple-S Management by 2,450.6% during the 1st quarter. Summit Trail Advisors LLC now owns 278,368 shares of the company’s stock valued at $278,000 after purchasing an additional 267,454 shares during the last quarter. Institutional investors and hedge funds own 84.02% of the company’s stock.
Triple-S Management Company Profile (NYSE:GTS)
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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