First Quadrant L P CA Has $370,000 Holdings in Triple-S Management Corporation (GTS)
First Quadrant L P CA boosted its position in shares of Triple-S Management Corporation (NYSE:GTS) by 537.0% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 15,606 shares of the company’s stock after acquiring an additional 13,156 shares during the period. First Quadrant L P CA owned about 0.07% of Triple-S Management Corporation worth $370,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of GTS. Public Employees Retirement System of Ohio grew its holdings in Triple-S Management Corporation by 16.0% during the 1st quarter. Public Employees Retirement System of Ohio now owns 5,826 shares of the company’s stock worth $102,000 after acquiring an additional 803 shares in the last quarter. Legal & General Group Plc acquired a new position in Triple-S Management Corporation during the 1st quarter worth approximately $102,000. UBS Group AG lifted its position in shares of Triple-S Management Corporation by 81.1% during the 1st quarter. UBS Group AG now owns 7,677 shares of the company’s stock worth $135,000 after buying an additional 3,439 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new stake in shares of Triple-S Management Corporation during the 2nd quarter worth approximately $187,000. Finally, Voya Investment Management LLC lifted its position in shares of Triple-S Management Corporation by 12.8% during the 2nd quarter. Voya Investment Management LLC now owns 14,176 shares of the company’s stock worth $240,000 after buying an additional 1,606 shares during the last quarter. Institutional investors own 79.66% of the company’s stock.
Shares of Triple-S Management Corporation (NYSE GTS) opened at $24.20 on Monday. The firm has a market cap of $591.54, a P/E ratio of 345.71, a PEG ratio of 2.81 and a beta of 0.33. The company has a current ratio of 0.56, a quick ratio of 0.56 and a debt-to-equity ratio of 0.04. Triple-S Management Corporation has a 12-month low of $15.05 and a 12-month high of $25.41.
Triple-S Management Corporation (NYSE:GTS) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.57. The business had revenue of $745.90 million during the quarter, compared to the consensus estimate of $723.25 million. Triple-S Management Corporation had a net margin of 0.63% and a return on equity of 0.19%. The company’s revenue was down .9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 EPS. research analysts expect that Triple-S Management Corporation will post 0.86 earnings per share for the current fiscal year.
Triple-S Management Corporation announced that its board has approved a stock repurchase plan on Tuesday, August 8th that allows the company to repurchase $30.00 million in shares. This repurchase authorization allows the company to reacquire up to 6.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its shares are undervalued.
Several analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Triple-S Management Corporation from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. ValuEngine upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 29th. BidaskClub upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, August 24th. TheStreet upgraded shares of Triple-S Management Corporation from a “c” rating to a “b-” rating in a research report on Thursday, August 17th. Finally, Wells Fargo & Company upgraded shares of Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and boosted their price objective for the stock from $16.00 to $20.00 in a research report on Wednesday, August 9th. Four investment analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and an average target price of $23.50.
In related news, insider Arturo Carrion sold 1,100 shares of the company’s stock in a transaction on Tuesday, August 15th. The shares were sold at an average price of $23.80, for a total value of $26,180.00. Following the completion of the sale, the insider now owns 48,663 shares in the company, valued at approximately $1,158,179.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.52% of the stock is owned by corporate insiders.
About Triple-S Management Corporation
Triple-S Management Corporation operates as a managed care company. The Company offers a range of managed care and related products in the commercial, Medicaid and Medicare markets. The Company’s segments include Managed Care, Life Insurance, and Property and Casualty Insurance. The Managed Care segment is engaged in the sale of managed care products to the Commercial, Medicare and Medicaid market sectors.
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