Triple-S Management Corporation (GTS) Upgraded to “Hold” by ValuEngine
ValuEngine upgraded shares of Triple-S Management Corporation (NYSE:GTS) from a sell rating to a hold rating in a research report report published on Tuesday morning.
GTS has been the subject of several other reports. Zacks Investment Research lowered Triple-S Management Corporation from a hold rating to a strong sell rating in a report on Thursday, May 11th. BidaskClub raised Triple-S Management Corporation from a sell rating to a hold rating in a report on Thursday, August 24th. TheStreet raised Triple-S Management Corporation from a c rating to a b- rating in a report on Thursday, August 17th. Finally, Wells Fargo & Company raised Triple-S Management Corporation from an underperform rating to a market perform rating and boosted their price objective for the company from $16.00 to $20.00 in a report on Wednesday, August 9th. Three equities research analysts have rated the stock with a hold rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus target price of $23.00.
Shares of Triple-S Management Corporation (NYSE GTS) opened at 24.39 on Tuesday. The firm has a market capitalization of $591.36 million, a PE ratio of 32.48 and a beta of 0.41. Triple-S Management Corporation has a 12 month low of $15.05 and a 12 month high of $25.41. The company has a 50 day moving average price of $19.72 and a 200-day moving average price of $17.97.
Triple-S Management Corporation (NYSE:GTS) last announced its quarterly earnings data on Tuesday, August 8th. The company reported $0.39 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.18) by $0.57. The firm had revenue of $745.90 million during the quarter, compared to analyst estimates of $723.25 million. Triple-S Management Corporation had a return on equity of 0.19% and a net margin of 0.63%. Triple-S Management Corporation’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.11 earnings per share. Equities research analysts expect that Triple-S Management Corporation will post $0.86 EPS for the current fiscal year.
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Triple-S Management Corporation declared that its board has approved a stock buyback plan on Tuesday, August 8th that authorizes the company to buyback $30.00 million in shares. This buyback authorization authorizes the company to purchase up to 6.4% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s management believes its shares are undervalued.
In other news, insider Arturo Carrion sold 1,100 shares of the company’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $23.80, for a total transaction of $26,180.00. Following the completion of the transaction, the insider now directly owns 48,663 shares of the company’s stock, valued at $1,158,179.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.52% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio raised its position in Triple-S Management Corporation by 16.0% in the first quarter. Public Employees Retirement System of Ohio now owns 5,826 shares of the company’s stock valued at $102,000 after buying an additional 803 shares during the period. Legal & General Group Plc bought a new position in Triple-S Management Corporation during the first quarter valued at approximately $102,000. UBS Group AG raised its position in Triple-S Management Corporation by 81.1% in the first quarter. UBS Group AG now owns 7,677 shares of the company’s stock valued at $135,000 after buying an additional 3,439 shares during the period. SG Americas Securities LLC bought a new position in Triple-S Management Corporation during the first quarter valued at approximately $189,000. Finally, Arrowstreet Capital Limited Partnership bought a new position in Triple-S Management Corporation during the second quarter valued at approximately $187,000. 80.48% of the stock is owned by institutional investors.
Triple-S Management Corporation Company Profile
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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