Triple-S Management (GTS) Upgraded to “Sell” at ValuEngine

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Triple-S Management (NYSE:GTS) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

Several other analysts have also recently issued reports on GTS. Zacks Investment Research cut Triple-S Management from a “buy” rating to a “hold” rating in a research note on Wednesday, July 11th. TheStreet cut Triple-S Management from a “b” rating to a “c+” rating in a research note on Thursday, August 16th.

Shares of NYSE GTS opened at $20.89 on Thursday. The firm has a market capitalization of $449.46 million, a PE ratio of 11.05, a P/E/G ratio of 1.00 and a beta of 0.12. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.63 and a current ratio of 0.63. Triple-S Management has a 12-month low of $16.57 and a 12-month high of $44.01.

Triple-S Management (NYSE:GTS) last announced its quarterly earnings data on Thursday, November 8th. The company reported ($0.97) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.35 by ($1.32). The company had revenue of $764.00 million during the quarter, compared to analyst estimates of $756.77 million. Triple-S Management had a net margin of 0.38% and a return on equity of 7.33%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.77 earnings per share. As a group, analysts anticipate that Triple-S Management will post 1.93 earnings per share for the current year.

Several hedge funds and other institutional investors have recently made changes to their positions in GTS. JPMorgan Chase & Co. raised its stake in shares of Triple-S Management by 70.6% in the third quarter. JPMorgan Chase & Co. now owns 979,969 shares of the company’s stock valued at $18,512,000 after acquiring an additional 405,659 shares in the last quarter. BlackRock Inc. increased its holdings in Triple-S Management by 7.4% in the third quarter. BlackRock Inc. now owns 1,738,836 shares of the company’s stock valued at $32,846,000 after buying an additional 120,284 shares during the last quarter. Hennessy Advisors Inc. purchased a new position in Triple-S Management in the third quarter valued at $1,736,000. Robeco Institutional Asset Management B.V. increased its holdings in Triple-S Management by 62.9% in the third quarter. Robeco Institutional Asset Management B.V. now owns 231,955 shares of the company’s stock valued at $4,382,000 after buying an additional 89,545 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its holdings in Triple-S Management by 16.1% in the second quarter. Schwab Charles Investment Management Inc. now owns 436,749 shares of the company’s stock valued at $17,060,000 after buying an additional 60,567 shares during the last quarter. Institutional investors and hedge funds own 84.41% of the company’s stock.

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.

See Also: Fiduciary

To view ValuEngine’s full report, visit ValuEngine’s official website.

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