Triple-S Management Corp. (GTS) Sees Unusually-High Trading Volume
Triple-S Management Corp. (NYSE:GTS) shares saw an uptick in trading volume on Friday . 172,883 shares changed hands during mid-day trading, an increase of 77% from the previous session’s volume of 97,795 shares.The stock last traded at $23.49 and had previously closed at $23.46.
Several brokerages have recently issued reports on GTS. Zacks Investment Research downgraded shares of Triple-S Management Corp. from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 19th. TheStreet upgraded shares of Triple-S Management Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 21st.
The company has a 50-day moving average of $25.16 and a 200 day moving average of $24.39. The stock has a market capitalization of $571.65 million and a PE ratio of 14.48.
Triple-S Management Corp. (NYSE:GTS) last released its earnings results on Thursday, August 4th. The company reported $0.16 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.16. The business earned $747.40 million during the quarter, compared to analysts’ expectations of $749.56 million. The business’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter last year, the firm earned $0.28 EPS. Equities analysts predict that Triple-S Management Corp. will post $1.03 EPS for the current year.
In other Triple-S Management Corp. news, insider Arturo Carrion sold 1,800 shares of the business’s stock in a transaction that occurred on Tuesday, June 7th. The stock was sold at an average price of $24.70, for a total value of $44,460.00. Following the sale, the insider now owns 42,285 shares in the company, valued at approximately $1,044,439.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Other large investors have recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. purchased a new stake in Triple-S Management Corp. during the fourth quarter valued at approximately $2,138,000. 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 last quarter. Finally, 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 last quarter.
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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