Triple-S Management (NYSE:GTS) was upgraded by investment analysts at TheStreet from a “c-” rating to a “b” rating in a research note issued to investors on Friday, TheStreetRatingsTable reports.
Several other equities research analysts also recently weighed in on the company. ValuEngine downgraded Triple-S Management from a “buy” rating to a “hold” rating in a research report on Friday, July 26th. Zacks Investment Research downgraded Triple-S Management from a “buy” rating to a “hold” rating in a research report on Saturday.
Shares of NYSE GTS opened at $25.75 on Friday. Triple-S Management has a 1-year low of $15.45 and a 1-year high of $27.86. The stock has a 50-day moving average of $24.45. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.60 and a quick ratio of 0.60. The stock has a market capitalization of $623.20 million, a P/E ratio of -17.52, a price-to-earnings-growth ratio of 1.03 and a beta of 0.25.
Triple-S Management (NYSE:GTS) last issued its earnings results on Thursday, August 8th. The company reported $1.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.42 by $0.70. Triple-S Management had a return on equity of 3.73% and a net margin of 1.17%. The company had revenue of $878.60 million during the quarter, compared to the consensus estimate of $792.75 million. During the same quarter in the prior year, the business earned $0.44 earnings per share. The company’s revenue was up 15.1% compared to the same quarter last year. Sell-side analysts expect that Triple-S Management will post 2.5 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently modified their holdings of the company. Bank of Montreal Can boosted its position in shares of Triple-S Management by 575.9% in 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 during the period. Investors Research Corp purchased a new position in Triple-S Management in the first quarter valued at about $73,000. BNP Paribas Arbitrage SA boosted its holdings in Triple-S Management by 418.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,554 shares of the company’s stock valued at $104,000 after purchasing an additional 3,676 shares during the last quarter. SG Americas Securities LLC purchased a new position in Triple-S Management in the first quarter valued at about $163,000. Finally, Metropolitan Life Insurance Co. NY boosted its holdings in Triple-S Management by 322.3% in the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,505 shares of the company’s stock valued at $131,000 after purchasing an additional 5,728 shares during the last quarter. 77.89% of the stock is owned by institutional investors.
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.
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