Brandes Investment Partners LP acquired a new stake in shares of Triple-S Management Corp. (NYSE:GTS) in the third quarter, HoldingsChannel.com reports. The firm acquired 22,671 shares of the company’s stock, valued at approximately $428,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Meeder Asset Management Inc. raised its holdings in shares of Triple-S Management by 69.7% in the third quarter. Meeder Asset Management Inc. now owns 8,139 shares of the company’s stock valued at $154,000 after buying an additional 3,343 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Triple-S Management in the second quarter valued at about $196,000. Jane Street Group LLC bought a new position in shares of Triple-S Management in the second quarter valued at about $243,000. Janney Montgomery Scott LLC bought a new position in shares of Triple-S Management in the third quarter valued at about $251,000. Finally, First Hawaiian Bank bought a new position in shares of Triple-S Management in the third quarter valued at about $263,000. 86.42% of the stock is owned by institutional investors.

Triple-S Management stock opened at $17.75 on Thursday. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.54 and a quick ratio of 0.54. Triple-S Management Corp. has a 12-month low of $16.57 and a 12-month high of $44.01. The stock has a market capitalization of $420.86 million, a P/E ratio of 9.39, a price-to-earnings-growth ratio of 8.74 and a beta of 0.12.

Triple-S Management (NYSE:GTS) last announced its quarterly earnings data on Thursday, November 8th. The company reported ($0.97) EPS for the quarter, missing the Zacks’ consensus estimate of $0.35 by ($1.32). The firm had revenue of $764.00 million during the quarter, compared to analyst estimates of $756.77 million. Triple-S Management had a positive return on equity of 2.79% and a negative net margin of 0.94%. Triple-S Management’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.77 earnings per share. As a group, sell-side analysts predict that Triple-S Management Corp. will post 0.21 EPS for the current fiscal year.

A number of research firms recently issued reports on GTS. ValuEngine cut Triple-S Management from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. Zacks Investment Research raised Triple-S Management from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Tuesday, August 7th. Finally, TheStreet cut Triple-S Management from a “c” rating to a “d+” rating in a report on Friday, November 9th.

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Triple-S Management Company Profile

Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare, and Medicaid markets in Puerto Rico, the United States. The company operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance.

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Institutional Ownership by Quarter for Triple-S Management (NYSE:GTS)

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