Triple-S Management Corp. (GTS) Shares Down 3%
Triple-S Management Corp. (NYSE:GTS) fell 3% during mid-day trading on Friday . The stock traded as low as $21.86 and last traded at $21.90, with a volume of 74,792 shares. The stock had previously closed at $22.57.
Several research firms recently issued reports on GTS. TheStreet raised shares of Triple-S Management Corp. from a “hold” rating to a “buy” rating in a research note on Tuesday, June 21st. Zacks Investment Research raised shares of Triple-S Management Corp. from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 5th.
The firm has a 50-day moving average of $24.37 and a 200 day moving average of $24.51. The company has a market capitalization of $539.27 million and a P/E ratio of 21.20.
Triple-S Management Corp. (NYSE:GTS) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.16 EPS for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.16. During the same quarter in the previous year, the firm earned $0.28 earnings per share. The company had revenue of $747.40 million for the quarter, compared to analysts’ expectations of $749.56 million. The business’s quarterly revenue was down 3.7% compared to the same quarter last year. On average, equities research analysts predict that Triple-S Management Corp. will post $1.03 earnings per share for the current year.
In other news, insider Arturo Carrion sold 1,800 shares of the business’s stock in a transaction 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 directly owns 42,285 shares in the company, valued at $1,044,439.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
An institutional investor recently raised its position in Triple-S Management Corp. stock. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Triple-S Management Corp. (NYSE:GTS) by 22.3% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 44,400 shares of the company’s stock after buying an additional 8,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. owned approximately 0.17% of Triple-S Management Corp. worth $1,062,000 as of its most recent filing with the SEC.
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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