Alambic Investment Management L.P. Acquires Shares of 12,900 Triple-S Management Corp. (GTS)
Alambic Investment Management L.P. acquired a new stake in Triple-S Management Corp. (NYSE:GTS) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 12,900 shares of the company’s stock, valued at approximately $321,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Chicago Equity Partners LLC grew its stake in shares of Triple-S Management by 40.5% in the fourth quarter. Chicago Equity Partners LLC now owns 82,640 shares of the company’s stock valued at $2,054,000 after buying an additional 23,810 shares in the last quarter. Robeco Institutional Asset Management B.V. grew its stake in shares of Triple-S Management by 18.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 105,888 shares of the company’s stock valued at $2,631,000 after buying an additional 16,474 shares in the last quarter. Unison Advisors LLC acquired a new stake in shares of Triple-S Management in the fourth quarter valued at $349,000. Schwab Charles Investment Management Inc. grew its stake in shares of Triple-S Management by 3.5% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 346,203 shares of the company’s stock valued at $8,604,000 after buying an additional 11,718 shares in the last quarter. Finally, Bank of Montreal Can grew its stake in shares of Triple-S Management by 10.5% in the fourth quarter. Bank of Montreal Can now owns 35,893 shares of the company’s stock valued at $892,000 after buying an additional 3,398 shares in the last quarter. 84.93% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have recently weighed in on GTS shares. ValuEngine raised Triple-S Management from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. Zacks Investment Research raised Triple-S Management from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Wednesday, October 25th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $25.50.
Triple-S Management (NYSE:GTS) last released its earnings results on Thursday, November 9th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.59. The firm had revenue of $731.00 million during the quarter, compared to analyst estimates of $728.66 million. Triple-S Management had a return on equity of 3.05% and a net margin of 1.44%. Triple-S Management’s revenue was down 1.0% compared to the same quarter last year. During the same period last year, the business posted ($0.26) earnings per share. research analysts anticipate that Triple-S Management Corp. will post 1.23 EPS for the current year.
In related news, insider Iraida T. Ojeda-Castro sold 1,667 shares of Triple-S Management stock in a transaction on Monday, November 27th. The stock was sold at an average price of $27.51, for a total value of $45,859.17. Following the completion of the transaction, the insider now directly owns 8,445 shares in the company, valued at $232,321.95. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 1.52% of the company’s stock.
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Triple-S Management 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, Medicaid 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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