Shares of Triple-S Management Corp. (NYSE:GTS) have earned a consensus broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation.
Analysts have set a twelve-month consensus price objective of $27.00 for the company and are predicting that the company will post $0.44 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Triple-S Management an industry rank of 47 out of 256 based on the ratings given to its competitors.
Several analysts have recently commented on the stock. Zacks Investment Research downgraded shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. ValuEngine downgraded 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 $0.49 on Friday, hitting $26.00. The stock had a trading volume of 85,762 shares, compared to its average volume of 109,802. The company’s 50 day moving average is $24.04. The company has a market cap of $578.34 million, a PE ratio of -16.88, 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 has a 12-month low of $15.45 and a 12-month high of $38.05.
Triple-S Management (NYSE:GTS) last announced its earnings results on Thursday, May 9th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.51. The company had revenue of $787.59 million during the quarter, compared to the consensus estimate of $769.21 million. Triple-S Management had a negative net margin of 1.06% and a positive return on equity of 1.88%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.60 earnings per share. As a group, equities analysts forecast that Triple-S Management will post 2.25 earnings per share for the current year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its stake in shares of Triple-S Management by 6.5% in the fourth quarter. BlackRock Inc. now owns 1,851,247 shares of the company’s stock worth $32,193,000 after purchasing an additional 112,411 shares in the last quarter. Two Sigma Advisers LP increased its stake in shares of Triple-S Management by 16.7% in the fourth quarter. Two Sigma Advisers LP now owns 166,735 shares of the company’s stock worth $2,900,000 after purchasing an additional 23,799 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Triple-S Management by 3.3% in the first quarter. Nordea Investment Management AB now owns 144,100 shares of the company’s stock worth $3,289,000 after purchasing an additional 4,600 shares in the last quarter. United Services Automobile Association increased its stake in shares of Triple-S Management by 9.4% in the fourth quarter. United Services Automobile Association now owns 136,166 shares of the company’s stock worth $2,368,000 after purchasing an additional 11,727 shares in the last quarter. Finally, Two Sigma Investments LP increased its stake in shares of 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 in the last quarter. Institutional investors and hedge funds own 82.57% 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 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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