GSA Capital Partners LLP decreased its holdings in shares of Triple-S Management Corp. (NYSE:GTS) by 65.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 13,153 shares of the company’s stock after selling 24,754 shares during the quarter. GSA Capital Partners LLP owned about 0.06% of Triple-S Management worth $514,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Summit Trail Advisors LLC raised its holdings in Triple-S Management by 2,450.6% in the 1st quarter. Summit Trail Advisors LLC now owns 278,368 shares of the company’s stock valued at $278,000 after acquiring an additional 267,454 shares in the last quarter. Municipal Employees Retirement System of Michigan acquired a new position in Triple-S Management in the 1st quarter valued at approximately $1,619,000. Schwab Charles Investment Management Inc. raised its holdings in Triple-S Management by 16.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 436,749 shares of the company’s stock valued at $17,060,000 after acquiring an additional 60,567 shares in the last quarter. Martingale Asset Management L P raised its holdings in Triple-S Management by 322.1% in the 2nd quarter. Martingale Asset Management L P now owns 76,841 shares of the company’s stock valued at $3,002,000 after acquiring an additional 58,635 shares in the last quarter. Finally, LSV Asset Management acquired a new position in Triple-S Management in the 2nd quarter valued at approximately $1,905,000. Hedge funds and other institutional investors own 84.07% of the company’s stock.
Triple-S Management stock opened at $20.48 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.04. The company has a market capitalization of $471.96 million, a price-to-earnings ratio of 10.84, a PEG ratio of 1.05 and a beta of -0.11. Triple-S Management Corp. has a 12 month low of $20.01 and a 12 month high of $44.01.
Triple-S Management (NYSE:GTS) last posted its quarterly earnings results on Thursday, August 2nd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.35 by $0.09. The firm had revenue of $763.10 million during the quarter, compared to analysts’ expectations of $758.40 million. Triple-S Management had a return on equity of 7.33% and a net margin of 0.38%. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 EPS. analysts expect that Triple-S Management Corp. will post 1.93 earnings per share for the current fiscal year.
GTS has been the subject of several recent research reports. ValuEngine cut Triple-S Management from a “strong-buy” rating to a “buy” rating in a report on Saturday, July 28th. Zacks Investment Research raised Triple-S Management from a “hold” rating to a “buy” rating and set a $29.00 price target for the company in a report on Tuesday, August 7th. Finally, TheStreet cut Triple-S Management from a “b” rating to a “c+” rating in a report on Thursday, August 16th.
Triple-S Management 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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