Triple-S Management Corp. (GTS) Shares Down 2.6%
Shares of Triple-S Management Corp. (NYSE:GTS) dropped 2.6% on Friday . The stock traded as low as $24.90 and last traded at $24.96, with a volume of 55,077 shares trading hands. The stock had previously closed at $25.63.
A number of equities analysts recently commented on the stock. TheStreet downgraded shares of Triple-S Management Corp. from a “buy” rating to a “hold” rating in a research note on Thursday, May 5th. Zacks Investment Research downgraded shares of Triple-S Management Corp. from a “hold” rating to a “strong sell” rating in a research note on Friday, May 6th.
The stock has a market cap of $610.99 million and a price-to-earnings ratio of 15.47. The stock has a 50-day moving average of $25.21 and a 200-day moving average of $24.32.
Triple-S Management Corp. (NYSE:GTS) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.28 by $0.14. The firm had revenue of $755.80 million for the quarter, compared to analyst estimates of $736.28 million. During the same period last year, the business posted $0.37 earnings per share. Triple-S Management Corp.’s revenue for the quarter was up 31.7% on a year-over-year basis. On average, equities research analysts anticipate that Triple-S Management Corp. will post $1.35 EPS for the current fiscal year.
In other news, insider Arturo Carrion sold 1,800 shares of the stock in a transaction that occurred on Tuesday, June 7th. The shares were sold at an average price of $24.70, for a total value of $44,460.00. Following the completion of the sale, the insider now owns 42,285 shares of the company’s stock, valued at approximately $1,044,439.50. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Several hedge funds have recently bought and sold shares of the stock. California State Teachers Retirement System boosted its stake in Triple-S Management Corp. by 1.7% in the fourth quarter. California State Teachers Retirement System now owns 44,773 shares of the company’s stock valued at $1,071,000 after buying an additional 759 shares during the period. Bank of Montreal Can boosted its stake in Triple-S Management Corp. by 979.5% in the fourth quarter. Bank of Montreal Can now owns 60,335 shares of the company’s stock valued at $1,443,000 after buying an additional 54,746 shares during the period. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in Triple-S Management Corp. during the fourth quarter valued at $2,138,000.
Triple-S Management Corporation operates as a managed care company. The Company offers a range of managed care and related products in the commercial and Medicare markets. The Company’s segments include Managed Care, Life Insurance, and Property and Casualty Insurance. The Managed Care segment is engaged in the sale of managed care products to the Commercial, Medicare and Medicaid market sectors.
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