Zacks Investment Research upgraded shares of Triple-S Management (NYSE:GTS) from a hold rating to a buy rating in a research report report published on Wednesday, Zacks.com reports. The firm currently has $28.00 price target on the stock.
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. “
Separately, ValuEngine lowered shares of Zynerba Pharmaceuticals from a buy rating to a hold rating in a report on Tuesday, May 28th.
Shares of GTS stock traded up $0.05 during trading hours on Wednesday, reaching $24.60. 79,200 shares of the company were exchanged, compared to its average volume of 111,854. Triple-S Management has a fifty-two week low of $15.45 and a fifty-two week high of $39.07. The business has a fifty day moving average price of $24.14. The firm has a market cap of $578.34 million, a P/E ratio of -15.97, a price-to-earnings-growth ratio of 1.11 and a beta of 0.26. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.60 and a current ratio of 0.60.
Triple-S Management (NYSE:GTS) last announced its quarterly earnings data on Thursday, May 9th. The company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.51. Triple-S Management had a negative net margin of 1.06% and a positive return on equity of 1.88%. The business had revenue of $787.59 million for the quarter, compared to analyst estimates of $769.21 million. During the same period in the prior year, the business posted $0.60 earnings per share. Triple-S Management’s revenue was up 2.3% compared to the same quarter last year. As a group, sell-side analysts predict that Triple-S Management will post 2.25 EPS for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its holdings in Triple-S Management by 6.5% in the fourth quarter. BlackRock Inc. now owns 1,851,247 shares of the company’s stock valued at $32,193,000 after buying an additional 112,411 shares during the period. Two Sigma Advisers LP lifted its holdings in Triple-S Management by 16.7% in the fourth quarter. Two Sigma Advisers LP now owns 166,735 shares of the company’s stock valued at $2,900,000 after buying an additional 23,799 shares during the period. Nordea Investment Management AB lifted its holdings in Triple-S Management by 3.3% in the first quarter. Nordea Investment Management AB now owns 144,100 shares of the company’s stock valued at $3,289,000 after buying an additional 4,600 shares during the period. United Services Automobile Association lifted its holdings in Triple-S Management by 9.4% in the fourth quarter. United Services Automobile Association now owns 136,166 shares of the company’s stock valued at $2,368,000 after buying an additional 11,727 shares during the period. Finally, Two Sigma Investments LP raised its holdings in Triple-S Management by 108.4% in the fourth quarter. Two Sigma Investments LP now owns 128,626 shares of the company’s stock worth $2,237,000 after purchasing an additional 66,901 shares during the period. Institutional investors and hedge funds own 82.41% of the company’s stock.
About Triple-S Management
Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare Advantage, and Medicaid markets. It operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance. The company offers various managed care products, including health maintenance organization plans; preferred provider organization plans; BlueCard program; Medicare Supplement products; Medicare Advantage products; Medicaid plans; and claims processing and other administrative services to employers, professional and trade associations, individuals, and government entities.
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