Triple-S Management Corp. (GTS) Sees Strong Trading Volume
Triple-S Management Corp. (NYSE:GTS) shares saw unusually-strong trading volume on Monday . Approximately 220,370 shares were traded during mid-day trading, an increase of 81% from the previous session’s volume of 121,946 shares.The stock last traded at $22.86 and had previously closed at $22.66.
A number of equities research analysts have weighed in on GTS shares. Zacks Investment Research downgraded Triple-S Management Corp. from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 19th. TheStreet downgraded Triple-S Management Corp. from a “buy” rating to a “hold” rating in a report on Thursday, May 5th.
The firm’s 50 day moving average is $24.82 and its 200-day moving average is $24.48. The stock has a market cap of $562.41 million and a P/E ratio of 22.11.
Triple-S Management Corp. (NYSE:GTS) last posted its quarterly 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. During the same quarter in the previous year, the business earned $0.28 earnings per share. The company had revenue of $747.40 million for the quarter, compared to the consensus estimate of $749.56 million. The company’s revenue for the quarter was down 3.7% compared to the same quarter last year. On average, analysts forecast that Triple-S Management Corp. will post $1.03 earnings per share for the current year.
In related news, insider Arturo Carrion sold 1,800 shares of Triple-S Management Corp. stock in a transaction that occurred 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 sale, the insider now owns 42,285 shares of the company’s stock, valued at approximately $1,044,439.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
An institutional investor recently raised its position in Triple-S Management Corp. stock. Bank of Montreal Can increased its position in Triple-S Management Corp. (NYSE:GTS) by 979.5% during the fourth quarter, according to its most recent filing with the SEC. The fund owned 60,335 shares of the company’s stock after buying an additional 54,746 shares during the period. Bank of Montreal Can owned about 0.24% of Triple-S Management Corp. worth $1,443,000 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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