AQR Capital Management LLC boosted its position in Triple-S Management Corp. (NYSE:GTS) by 21.8% during the 1st quarter, HoldingsChannel.com reports. The firm owned 303,530 shares of the company’s stock after purchasing an additional 54,396 shares during the quarter. AQR Capital Management LLC’s holdings in Triple-S Management were worth $4,280,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GTS. Great West Life Assurance Co. Can purchased a new stake in Triple-S Management in the 4th quarter worth approximately $39,000. Bank of Montreal Can lifted its stake in Triple-S Management by 40.9% in the 4th quarter. Bank of Montreal Can now owns 3,096 shares of the company’s stock worth $58,000 after purchasing an additional 899 shares in the last quarter. Arkadios Wealth Advisors lifted its stake in Triple-S Management by 83.4% in the 1st quarter. Arkadios Wealth Advisors now owns 5,692 shares of the company’s stock worth $80,000 after purchasing an additional 2,588 shares in the last quarter. Panagora Asset Management Inc. lifted its stake in Triple-S Management by 6,965.2% in the 4th quarter. Panagora Asset Management Inc. now owns 4,663 shares of the company’s stock worth $86,000 after purchasing an additional 4,597 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its stake in Triple-S Management by 26.4% in the 1st quarter. BNP Paribas Arbitrage SA now owns 7,081 shares of the company’s stock worth $100,000 after purchasing an additional 1,481 shares in the last quarter. Institutional investors and hedge funds own 93.57% of the company’s stock.
Triple-S Management stock opened at $18.12 on Monday. The firm’s fifty day moving average price is $18.10 and its 200-day moving average price is $16.92. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.55 and a current ratio of 0.55. The stock has a market cap of $431.36 million, a P/E ratio of 13.32 and a beta of 0.79. Triple-S Management Corp. has a fifty-two week low of $9.13 and a fifty-two week high of $27.64.
Triple-S Management (NYSE:GTS) last posted its quarterly earnings data on Thursday, May 7th. The company reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.23. The firm had revenue of $896.44 million for the quarter. Triple-S Management had a net margin of 0.94% and a return on equity of 6.57%. On average, analysts predict that Triple-S Management Corp. will post 2.7 earnings per share for the current year.
Separately, ValuEngine cut shares of Triple-S Management from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 9th.
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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