Campbell & CO Investment Adviser LLC bought a new position in Triple-S Management Corp. (NYSE:GTS) during the third quarter, according to the company in its most recent filing with the SEC. The firm bought 24,108 shares of the company’s stock, valued at approximately $323,000.
A number of other large investors have also modified their holdings of the stock. Bogle Investment Management L P DE boosted its stake in shares of Triple-S Management by 584.9% during the 2nd quarter. Bogle Investment Management L P DE now owns 75,328 shares of the company’s stock valued at $1,797,000 after purchasing an additional 64,329 shares in the last quarter. Jacobs Levy Equity Management Inc. boosted its stake in shares of Triple-S Management by 170.6% during the 2nd quarter. Jacobs Levy Equity Management Inc. now owns 130,585 shares of the company’s stock valued at $3,114,000 after purchasing an additional 82,322 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Triple-S Management by 249.4% during the 2nd quarter. Prudential Financial Inc. now owns 213,362 shares of the company’s stock valued at $5,089,000 after purchasing an additional 152,289 shares in the last quarter. Alambic Investment Management L.P. boosted its stake in shares of Triple-S Management by 9.1% during the 2nd quarter. Alambic Investment Management L.P. now owns 37,146 shares of the company’s stock valued at $886,000 after purchasing an additional 3,100 shares in the last quarter. Finally, Jefferies Group LLC bought a new stake in shares of Triple-S Management during the 2nd quarter valued at about $291,000. Institutional investors own 81.61% of the company’s stock.
NYSE:GTS opened at $14.34 on Friday. Triple-S Management Corp. has a one year low of $12.66 and a one year high of $27.86. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.62 and a quick ratio of 0.62. The company’s 50-day simple moving average is $16.00 and its 200 day simple moving average is $21.99. The firm has a market capitalization of $331.97 million, a P/E ratio of -9.76, a PEG ratio of 0.58 and a beta of 0.22.
Triple-S Management (NYSE:GTS) last posted its quarterly earnings data on Thursday, August 8th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.42 by $0.70. Triple-S Management had a net margin of 1.17% and a return on equity of 3.63%. The business had revenue of $878.60 million for the quarter, compared to analyst estimates of $792.75 million. During the same quarter in the previous year, the firm posted $0.44 earnings per share. Triple-S Management’s quarterly revenue was up 15.1% on a year-over-year basis. On average, equities research analysts expect that Triple-S Management Corp. will post 2.5 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on the stock. TheStreet lowered shares of Triple-S Management from a “b” rating to a “c+” rating in a research note on Monday, September 9th. ValuEngine lowered shares of Triple-S Management from a “sell” rating to a “strong sell” rating in a research note on Saturday. Wells Fargo & Co cut their target price on shares of Triple-S Management from $27.00 to $21.00 and set a “market perform” rating on the stock in a research note on Thursday, September 12th. Finally, Zacks Investment Research raised shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $15.00 target price on the stock in a research note on Tuesday, October 8th.
Triple-S Management 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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