ClariVest Asset Management LLC lowered its stake in shares of Triple-S Management Corp. (NYSE:GTS) by 1.3% during the second quarter, Holdings Channel reports. The institutional investor owned 213,261 shares of the company’s stock after selling 2,900 shares during the period. ClariVest Asset Management LLC’s holdings in Triple-S Management Corp. were worth $5,211,000 at the end of the most recent quarter.
Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. raised its stake in Triple-S Management Corp. by 0.9% in the second quarter. American Century Companies Inc. now owns 33,290 shares of the company’s stock valued at $813,000 after buying an additional 286 shares in the last quarter. HealthInvest Partners AB raised its stake in Triple-S Management Corp. by 5.8% in the second quarter. HealthInvest Partners AB now owns 532,876 shares of the company’s stock valued at $13,018,000 after buying an additional 29,050 shares in the last quarter. Strs Ohio raised its stake in Triple-S Management Corp. by 3.1% in the second quarter. Strs Ohio now owns 29,600 shares of the company’s stock valued at $723,000 after buying an additional 900 shares in the last quarter. Smith Asset Management Group LP raised its stake in Triple-S Management Corp. by 68.9% in the second quarter. Smith Asset Management Group LP now owns 13,730 shares of the company’s stock valued at $335,000 after buying an additional 5,600 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in Triple-S Management Corp. during the second quarter valued at approximately $1,353,000. 87.26% of the stock is owned by institutional investors and hedge funds.
Triple-S Management Corp. (NYSE:GTS) traded up 0.33% during midday trading on Friday, hitting $21.50. 52,797 shares of the stock were exchanged. The company has a 50 day moving average price of $22.12 and a 200 day moving average price of $23.96. Triple-S Management Corp. has a one year low of $17.78 and a one year high of $27.70. The firm has a market capitalization of $529.42 million, a price-to-earnings ratio of 20.81 and a beta of 0.95.
Triple-S Management Corp. (NYSE:GTS) last posted its quarterly earnings data on Thursday, August 4th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.32 by $0.16. The company earned $747.40 million during the quarter, compared to analyst estimates of $749.56 million. Triple-S Management Corp. had a net margin of 0.84% and a return on equity of 3.31%. The company’s revenue was down 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.28 EPS. Equities analysts anticipate that Triple-S Management Corp. will post $1.03 EPS for the current year.
Several research firms recently commented on GTS. Zacks Investment Research raised shares of Triple-S Management Corp. from a “strong sell” rating to a “hold” rating in a research note on Wednesday. TheStreet upgraded shares of Triple-S Management Corp. from a “hold” rating to a “buy” rating in a report on Tuesday, June 21st.
Triple-S Management Corp. Company Profile
Triple-S Management Corporation operates as a managed care company. The Company offers a range of managed care and related products in the commercial 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.
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