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

ValuEngine upgraded shares of Triple-S Management (NYSE:GTS) from a strong sell rating to a sell rating in a research report sent to investors on Thursday morning.

Several other equities analysts have also recently commented on GTS. Zacks Investment Research cut shares of Triple-S Management from a buy rating to a hold rating in a research report on Wednesday, July 11th. TheStreet cut shares of Triple-S Management from a b rating to a c+ rating in a research report on Thursday, August 16th.

Shares of NYSE:GTS traded down $1.11 during midday trading on Thursday, hitting $20.89. The stock had a trading volume of 691,275 shares, compared to its average volume of 162,308. The stock has a market capitalization of $442.27 million, a PE ratio of 11.05, a PEG ratio of 0.99 and a beta of 0.12. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04. Triple-S Management has a fifty-two week low of $16.57 and a fifty-two week high of $44.01.

Triple-S Management (NYSE:GTS) last issued its earnings results on Thursday, November 8th. The company reported ($0.97) EPS for the quarter, missing the 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 net margin of 0.38% and a return on equity of 7.33%. Triple-S Management’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.77 earnings per share. On average, research analysts predict that Triple-S Management will post 1.93 EPS for the current fiscal year.

Several large investors have recently modified their holdings of the company. Hartford Investment Management Co. acquired a new position in Triple-S Management during the 2nd quarter worth approximately $341,000. Meeder Asset Management Inc. increased its position in Triple-S Management by 112.5% during the 2nd quarter. Meeder Asset Management Inc. now owns 4,796 shares of the company’s stock worth $187,000 after purchasing an additional 2,539 shares in the last quarter. Bessemer Group Inc. acquired a new position in Triple-S Management during the 2nd quarter worth approximately $773,000. First Quadrant L P CA acquired a new position in Triple-S Management during the 2nd quarter worth approximately $503,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Triple-S Management by 28.0% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 94,935 shares of the company’s stock worth $3,708,000 after purchasing an additional 20,760 shares in the last quarter. Institutional investors own 84.41% of the company’s stock.

About Triple-S Management

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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