Triple-S Management Corp. (GTS) Trading Down 2.6%
Triple-S Management Corp. (NYSE:GTS) shares fell 2.6% during trading on Friday . The company traded as low as $24.90 and last traded at $24.96, with a volume of 55,077 shares changing hands. The stock had previously closed at $25.63.
A number of research firms recently commented on GTS. Zacks Investment Research cut Triple-S Management Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 19th. TheStreet upgraded Triple-S Management Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, June 21st.
The company has a 50-day moving average price of $25.21 and a 200-day moving average price of $24.32. The stock has a market cap of $610.99 million and a P/E ratio of 15.47.
Triple-S Management Corp. (NYSE:GTS) last issued its earnings results on Thursday, May 5th. The company reported $0.14 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.28 by $0.14. The business had revenue of $755.80 million for the quarter, compared to the consensus estimate of $736.28 million. The company’s quarterly revenue was up 31.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.37 earnings per share. On average, equities analysts predict that Triple-S Management Corp. will post $1.35 EPS for the current fiscal year.
In other Triple-S Management Corp. news, insider Arturo Carrion sold 1,800 shares of the stock in a transaction dated 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 transaction, the insider now directly owns 42,285 shares of the company’s stock, valued at $1,044,439.50. The sale was disclosed in a filing with the SEC, which is available at this link.
A number of hedge funds and institutional investors recently modified their holdings of the stock. Robeco Institutional Asset Management B.V. bought a new position in shares of Triple-S Management Corp. during the fourth quarter worth about $2,138,000. Bank of Montreal Can boosted its position in shares of 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 worth $1,443,000 after buying an additional 54,746 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of 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 worth $1,071,000 after buying an additional 759 shares during the period.
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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