22,671 Shares in Triple-S Management Corp. (GTS) Purchased by Brandes Investment Partners LP
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.
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.
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.
Want to see what other hedge funds are holding GTS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Triple-S Management Corp. (NYSE:GTS).
Receive News & Ratings for Triple-S Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triple-S Management and related companies with MarketBeat.com's FREE daily email newsletter.