Triple-S Management (NYSE:GTS) had its price target cut by Wells Fargo & Co from $27.00 to $21.00 in a research note released on Thursday, BenzingaRatingsTable reports. They currently have a market perform rating on the stock.
Several other equities research analysts have also commented on the stock. TheStreet lowered shares of Triple-S Management from a b rating to a c+ rating in a report on Monday. Zacks Investment Research lowered shares of Triple-S Management from a buy rating to a hold rating in a report on Saturday, August 10th. Finally, ValuEngine lowered shares of Triple-S Management from a sell rating to a strong sell rating in a report on Wednesday, September 4th.
NYSE GTS traded down $1.11 on Thursday, hitting $16.94. The company had a trading volume of 46,346 shares, compared to its average volume of 269,031. The company has a market capitalization of $440.31 million, a PE ratio of -11.52, a PEG ratio of 0.76 and a beta of 0.26. The company’s fifty day moving average price is $22.49 and its 200-day moving average price is $23.69. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.62 and a quick ratio of 0.62. Triple-S Management has a 12-month low of $15.45 and a 12-month high of $27.86.
Triple-S Management (NYSE:GTS) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.12 EPS 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 analyst estimates of $792.75 million. Triple-S Management had a net margin of 1.17% and a return on equity of 3.63%. The firm’s revenue was up 15.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. On average, sell-side analysts anticipate that Triple-S Management will post 2.5 EPS for the current year.
Several institutional investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. grew its holdings in shares of Triple-S Management by 0.8% during the second quarter. Russell Investments Group Ltd. now owns 75,253 shares of the company’s stock worth $1,761,000 after buying an additional 631 shares in the last quarter. Investors Research Corp grew its holdings in shares of Triple-S Management by 31.3% during the second quarter. Investors Research Corp now owns 4,200 shares of the company’s stock worth $100,000 after buying an additional 1,000 shares in the last quarter. Bank of America Corp DE grew its holdings in shares of Triple-S Management by 15.9% during the fourth quarter. Bank of America Corp DE now owns 11,468 shares of the company’s stock worth $199,000 after buying an additional 1,574 shares in the last quarter. First Hawaiian Bank grew its holdings in shares of Triple-S Management by 12.0% during the second quarter. First Hawaiian Bank now owns 15,588 shares of the company’s stock worth $372,000 after buying an additional 1,664 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Triple-S Management by 575.9% during the second quarter. Bank of Montreal Can now owns 2,021 shares of the company’s stock worth $48,000 after buying an additional 1,722 shares in the last quarter. 81.59% of the stock is owned by institutional investors and hedge funds.
About Triple-S Management
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.
Further Reading: What is a put option?
Receive News & Ratings for Triple-S Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triple-S Management and related companies with MarketBeat.com's FREE daily email newsletter.