Triple-S Management (GTS) Upgraded to Buy at ValuEngine
ValuEngine upgraded shares of Triple-S Management (NYSE:GTS) from a hold rating to a buy rating in a research note published on Friday.
Separately, Zacks Investment Research lowered shares of Triple-S Management from a buy rating to a hold rating in a research note on Friday, October 27th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The company presently has an average rating of Hold and an average price target of $25.50.
Triple-S Management (GTS) opened at $23.57 on Friday. The firm has a market cap of $570.78, a PE ratio of 13.47, a PEG ratio of 1.27 and a beta of 0.34. Triple-S Management has a 52 week low of $15.05 and a 52 week high of $29.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.78 and a current ratio of 0.78.
In related news, insider Iraida T. Ojeda-Castro sold 1,667 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $27.51, for a total value of $45,859.17. Following the transaction, the insider now owns 8,445 shares in the company, valued at approximately $232,321.95. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. 1.52% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in Triple-S Management in the 3rd quarter valued at about $148,000. Public Employees Retirement System of Ohio grew its stake in Triple-S Management by 20.7% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 7,030 shares of the company’s stock valued at $119,000 after buying an additional 1,204 shares during the last quarter. Smith Asset Management Group LP acquired a new position in Triple-S Management in the 3rd quarter valued at about $194,000. Nine Chapters Capital Management LLC acquired a new position in Triple-S Management in the 3rd quarter valued at about $211,000. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Triple-S Management in the 2nd quarter valued at about $187,000. Institutional investors and hedge funds own 84.93% of the company’s stock.
COPYRIGHT VIOLATION WARNING: This news story was first published by Watch List News and is owned by of Watch List News. If you are accessing this news story on another website, it was illegally copied and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be accessed at https://www.watchlistnews.com/triple-s-management-gts-upgraded-to-buy-at-valuengine/1847586.html.
About Triple-S Management
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
Receive News & Ratings for Triple-S Management Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Triple-S Management and related companies with MarketBeat.com's FREE daily email newsletter.