Triple-S Management Corp. (GTS) Holdings Boosted by Pzena Investment Management LLC

Pzena Investment Management LLC lifted its holdings in shares of Triple-S Management Corp. (NYSE:GTS) by 0.3% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,350,013 shares of the company’s stock after acquiring an additional 3,759 shares during the period. Pzena Investment Management LLC owned 5.82% of Triple-S Management worth $25,502,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of GTS. Meeder Asset Management Inc. lifted its stake in Triple-S Management by 69.7% during the third quarter. Meeder Asset Management Inc. now owns 8,139 shares of the company’s stock worth $154,000 after purchasing an additional 3,343 shares during the last quarter. SG Americas Securities LLC acquired a new stake in Triple-S Management during the 2nd quarter worth about $196,000. Jane Street Group LLC acquired a new stake in shares of Triple-S Management in the 2nd quarter valued at about $243,000. Janney Montgomery Scott LLC acquired a new stake in shares of Triple-S Management in the 3rd quarter valued at about $251,000. Finally, First Hawaiian Bank acquired a new stake in shares of Triple-S Management in the 3rd quarter valued at about $263,000. Hedge funds and other institutional investors own 86.42% of the company’s stock.

GTS has been the topic of several recent research reports. ValuEngine cut shares of Triple-S Management from a “strong-buy” rating to a “buy” rating in a research report on Saturday, July 28th. Zacks Investment Research upgraded shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a research report on Tuesday, August 7th. Finally, TheStreet downgraded shares of Triple-S Management from a “b” rating to a “c+” rating in a research note on Thursday, August 16th.

Shares of GTS opened at $17.75 on Friday. Triple-S Management Corp. has a fifty-two week low of $16.57 and a fifty-two week high of $44.01. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.54 and a current ratio of 0.54. The stock has a market capitalization of $407.10 million, a price-to-earnings ratio of 9.39, a price-to-earnings-growth ratio of 8.45 and a beta of 0.12.

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

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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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