Triple-S Management (NYSE:GTS) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research note issued on Friday.

According to Zacks, “Triple-S Management Corporation is an independent licensee of the Blue Cross Blue Shield Association. It is the largest managed care company in Puerto Rico, serving approximately one million members across all regions. Triple-S offers a broad portfolio of managed care and related products in the commercial, Medicare and Reform (similar to Medicaid) markets. In addition to its managed care business, Triple-S provides life and property and casualty insurance in Puerto Rico. “

GTS has been the topic of several other research reports. ValuEngine downgraded shares of Triple-S Management from a “buy” rating to a “hold” rating in a report on Friday, August 3rd. TheStreet lowered shares of Triple-S Management from a “b” rating to a “c+” rating in a research report on Thursday, August 16th.

Shares of GTS opened at $20.89 on Friday. The firm has a market capitalization of $449.46 million, a P/E ratio of 11.05, a PEG ratio of 1.00 and a beta of 0.12. Triple-S Management has a one year low of $16.57 and a one year high of $44.01. 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 (NYSE:GTS) last announced 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 the consensus estimate of $756.77 million. Triple-S Management had a return on equity of 7.33% and a net margin of 0.38%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.77 EPS. On average, research analysts expect that Triple-S Management will post 1.93 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. grew its position in Triple-S Management by 112.5% in 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 during the last quarter. Martingale Asset Management L P grew its position in Triple-S Management by 3.6% in the 3rd quarter. Martingale Asset Management L P now owns 79,630 shares of the company’s stock worth $1,505,000 after purchasing an additional 2,789 shares during the last quarter. Bank of New York Mellon Corp grew its position in Triple-S Management by 2.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 153,771 shares of the company’s stock worth $2,905,000 after purchasing an additional 2,981 shares during the last quarter. Pzena Investment Management LLC grew its position in Triple-S Management by 0.3% in the 3rd quarter. Pzena Investment Management LLC now owns 1,350,013 shares of the company’s stock worth $25,502,000 after purchasing an additional 3,759 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Triple-S Management in the 2nd quarter worth $196,000. Institutional investors 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.

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