Geode Capital Management LLC lowered its stake in shares of Triple-S Management Corp. (NYSE:GTS) by 16.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 335,611 shares of the company’s stock after selling 64,270 shares during the quarter. Geode Capital Management LLC owned about 1.46% of Triple-S Management worth $5,835,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of GTS. JPMorgan Chase & Co. grew its position in Triple-S Management by 70.6% during the third quarter. JPMorgan Chase & Co. now owns 979,969 shares of the company’s stock worth $18,512,000 after buying an additional 405,659 shares in the last quarter. Morgan Stanley grew its position in Triple-S Management by 118.9% during the third quarter. Morgan Stanley now owns 327,741 shares of the company’s stock worth $6,190,000 after buying an additional 178,025 shares in the last quarter. AQR Capital Management LLC grew its position in Triple-S Management by 28.9% during the third quarter. AQR Capital Management LLC now owns 709,053 shares of the company’s stock worth $13,394,000 after buying an additional 158,830 shares in the last quarter. BlackRock Inc. grew its position in Triple-S Management by 7.4% during the third quarter. BlackRock Inc. now owns 1,738,836 shares of the company’s stock worth $32,846,000 after buying an additional 120,284 shares in the last quarter. Finally, Renaissance Technologies LLC grew its position in Triple-S Management by 78.9% during the third quarter. Renaissance Technologies LLC now owns 218,200 shares of the company’s stock worth $4,122,000 after buying an additional 96,200 shares in the last quarter. 82.72% of the stock is currently owned by institutional investors and hedge funds.
NYSE GTS opened at $20.88 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.58 and a quick ratio of 0.58. Triple-S Management Corp. has a fifty-two week low of $15.45 and a fifty-two week high of $44.01. The firm has a market cap of $486.67 million, a price-to-earnings ratio of -13.56, a price-to-earnings-growth ratio of 1.16 and a beta of 0.47.
Triple-S Management (NYSE:GTS) last released its earnings results on Thursday, February 28th. The company reported $0.44 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.31. Triple-S Management had a positive return on equity of 1.44% and a negative net margin of 2.11%. The firm had revenue of $723.67 million during the quarter, compared to analysts’ expectations of $704.18 million. As a group, analysts predict that Triple-S Management Corp. will post 1.95 EPS for the current fiscal year.
A number of equities research analysts recently issued reports on GTS shares. ValuEngine raised Triple-S Management from a “hold” rating to a “buy” rating in a research report on Tuesday, December 25th. Zacks Investment Research upgraded Triple-S Management from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a research note on Wednesday, March 13th. Finally, TheStreet upgraded Triple-S Management from a “d+” rating to a “c-” rating in a research note on Friday, March 1st.
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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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