Triple-S Management Corp. (GTS) Shares Down 3%
Triple-S Management Corp. (NYSE:GTS) was down 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 cut shares of Triple-S Management Corp. from a “buy” rating to a “hold” rating in a research report on Thursday, May 5th. Zacks Investment Research cut shares of Triple-S Management Corp. from a “hold” rating to a “strong sell” rating in a research report on Friday, May 6th.
The stock has a 50 day moving average of $24.37 and a 200-day moving average of $24.51. The company has a market cap of $539.27 million and a price-to-earnings ratio of 21.20.
Triple-S Management Corp. (NYSE:GTS) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.16 EPS for the quarter, missing the consensus estimate of $0.32 by $0.16. The business had revenue of $747.40 million for the quarter, compared to analysts’ expectations of $749.56 million. During the same quarter in the previous year, the business posted $0.28 EPS. The company’s quarterly 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 fiscal year.
In other Triple-S Management Corp. news, insider Arturo Carrion sold 1,800 shares of the business’s stock in a transaction dated 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 directly owns 42,285 shares in the company, valued at $1,044,439.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.
An institutional investor recently raised its position in Triple-S Management Corp. stock. Connor Clark & Lunn Investment Management Ltd. raised its stake in Triple-S Management Corp. (NYSE:GTS) by 22.3% during the fourth quarter, according to its most recent filing with the SEC. The fund 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 about 0.17% of Triple-S Management Corp. worth $1,062,000 as of its most recent SEC filing.
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.