Triple-S Management Corp. (GTS) Sees Unusually-High Trading Volume
Triple-S Management Corp. (NYSE:GTS) saw unusually-high trading volume on Friday . Approximately 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.
GTS has been the subject of a number of analyst reports. TheStreet upgraded Triple-S Management Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 21st. Zacks Investment Research upgraded Triple-S Management Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 5th.
The firm has a market capitalization of $563.81 million and a PE ratio of 22.53. The stock has a 50 day moving average of $25.16 and a 200-day moving average of $24.39.
Triple-S Management Corp. (NYSE:GTS) last announced its earnings results on Thursday, August 4th. The company reported $0.16 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.16. The company earned $747.40 million during the quarter, compared to analysts’ expectations of $749.56 million. During the same quarter last year, the business posted $0.28 EPS. Triple-S Management Corp.’s revenue was down 3.7% compared to the same quarter last year. On average, equities analysts forecast that Triple-S Management Corp. will post $1.03 EPS for the current fiscal year.
In related news, insider Arturo Carrion sold 1,800 shares of the business’s stock in a transaction on Tuesday, June 7th. The stock was sold at an average price of $24.70, for a total transaction of $44,460.00. Following the transaction, the insider now directly owns 42,285 shares in the company, valued at approximately $1,044,439.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
An institutional investor recently raised its position in Triple-S Management Corp. stock. California State Teachers Retirement System boosted its position in Triple-S Management Corp. (NYSE:GTS) by 1.7% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 44,773 shares of the company’s stock after buying an additional 759 shares during the period. California State Teachers Retirement System owned about 0.18% of Triple-S Management Corp. worth $1,071,000 at the end of the most recent 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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