BlackRock Inc. lessened its stake in Triple-S Management Corp. (NYSE:GTS) by 4.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,647,984 shares of the company’s stock after selling 78,616 shares during the period. BlackRock Inc. owned about 7.12% of Triple-S Management worth $39,304,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in GTS. Bank of Montreal Can lifted its stake in shares of Triple-S Management by 575.9% in the 2nd quarter. Bank of Montreal Can now owns 2,021 shares of the company’s stock valued at $48,000 after acquiring an additional 1,722 shares during the last quarter. Investors Research Corp increased its holdings in 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 period. First Hawaiian Bank increased its holdings in Triple-S Management by 12.0% during the 2nd quarter. First Hawaiian Bank now owns 15,588 shares of the company’s stock valued at $372,000 after purchasing an additional 1,664 shares during the period. Alambic Investment Management L.P. increased its holdings in 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 during the period. Finally, GSA Capital Partners LLP increased its holdings in Triple-S Management by 332.3% during the 2nd quarter. GSA Capital Partners LLP now owns 41,006 shares of the company’s stock valued at $978,000 after purchasing an additional 31,520 shares during the period. 81.59% of the stock is owned by institutional investors.
Shares of NYSE:GTS opened at $13.93 on Friday. Triple-S Management Corp. has a 1 year low of $12.66 and a 1 year high of $27.86. The company has a market cap of $322.48 million, a PE ratio of -9.48, a P/E/G ratio of 0.56 and a beta of 0.22. 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 stock’s 50-day moving average is $17.02 and its 200 day moving average is $22.32.
Triple-S Management (NYSE:GTS) last announced its quarterly earnings results on Thursday, August 8th. The company reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.70. Triple-S Management had a return on equity of 3.63% and a net margin of 1.17%. The company had revenue of $878.60 million for the quarter, compared to the consensus estimate of $792.75 million. During the same quarter in the previous year, the business earned $0.44 EPS. Triple-S Management’s revenue was up 15.1% compared to the same quarter last year. Analysts expect that Triple-S Management Corp. will post 2.5 EPS for the current fiscal year.
A number of brokerages recently issued reports on GTS. Zacks Investment Research upgraded Triple-S Management from a “hold” rating to a “buy” rating and set a $15.00 price target on the stock in a report on Tuesday. Wells Fargo & Co reduced their price target on Triple-S Management from $27.00 to $21.00 and set a “market perform” rating on the stock in a report on Thursday, September 12th. TheStreet downgraded Triple-S Management from a “b” rating to a “c+” rating in a report on Monday, September 9th. Finally, ValuEngine upgraded Triple-S Management from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 2nd.
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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