Triple-S Management Corp. (GTS) Shares Bought by JPMorgan Chase & Co.
JPMorgan Chase & Co. boosted its stake in shares of Triple-S Management Corp. (NYSE:GTS) by 215.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 386,467 shares of the company’s stock after buying an additional 263,800 shares during the period. JPMorgan Chase & Co. owned 1.59% of Triple-S Management Corp. worth $9,441,000 as of its most recent filing with the SEC.
Other institutional investors have also recently added to or reduced their stakes in the company. Emerald Acquisition Ltd. bought a new position in shares of Triple-S Management Corp. during the second quarter worth approximately $4,979,000. Pzena Investment Management LLC boosted its position in shares of Triple-S Management Corp. by 10.0% in the second quarter. Pzena Investment Management LLC now owns 1,559,649 shares of the company’s stock worth $38,102,000 after buying an additional 142,017 shares during the period. Foundry Partners LLC bought a new position in shares of Triple-S Management Corp. during the second quarter worth approximately $2,841,000. Spark Investment Management LLC boosted its position in shares of Triple-S Management Corp. by 563.6% in the first quarter. Spark Investment Management LLC now owns 94,900 shares of the company’s stock worth $2,359,000 after buying an additional 80,600 shares during the period. Finally, Prudential Financial Inc. boosted its position in shares of Triple-S Management Corp. by 29.7% in the first quarter. Prudential Financial Inc. now owns 292,456 shares of the company’s stock worth $7,270,000 after buying an additional 67,000 shares during the period. Institutional investors and hedge funds own 87.26% of the company’s stock.
Triple-S Management Corp. (NYSE:GTS) traded down 1.34% during trading on Thursday, reaching $21.40. The company had a trading volume of 18,688 shares. The company’s 50-day moving average is $22.15 and its 200 day moving average is $23.98. The firm has a market capitalization of $526.95 million, a price-to-earnings ratio of 20.72 and a beta of 0.95. Triple-S Management Corp. has a 52 week low of $17.78 and a 52 week high of $27.70.
Triple-S Management Corp. (NYSE:GTS) last announced its earnings results on Thursday, August 4th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.16. Triple-S Management Corp. had a net margin of 0.84% and a return on equity of 3.31%. The firm had revenue of $747.40 million for the quarter, compared to analyst estimates of $749.56 million. During the same period in the previous year, the company earned $0.28 EPS. Triple-S Management Corp.’s revenue was down 3.7% compared to the same quarter last year. Equities analysts anticipate that Triple-S Management Corp. will post $1.03 EPS for the current year.
A number of equities analysts have recently commented on the company. TheStreet upgraded Triple-S Management Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, June 21st. Zacks Investment Research upgraded Triple-S Management Corp. from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 5th.
Triple-S Management Corp. Company Profile
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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