Systematic Financial Management LP increased its position in shares of Triple-S Management Corporation (NYSE:GTS) by 31.4% during the first quarter, Holdings Channel reports. The fund owned 70,389 shares of the company’s stock after buying an additional 16,835 shares during the period. Systematic Financial Management LP’s holdings in Triple-S Management Corporation were worth $1,237,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new stake in Triple-S Management Corporation during the first quarter worth $189,000. Nine Chapters Capital Management LLC bought a new stake in Triple-S Management Corporation during the first quarter worth $218,000. American International Group Inc. increased its stake in Triple-S Management Corporation by 7.1% in the first quarter. American International Group Inc. now owns 14,350 shares of the company’s stock worth $252,000 after buying an additional 949 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in Triple-S Management Corporation by 48.1% in the first quarter. Wedge Capital Management L L P NC now owns 16,481 shares of the company’s stock worth $290,000 after buying an additional 5,354 shares during the last quarter. Finally, Federated Investors Inc. PA increased its stake in Triple-S Management Corporation by 5.2% in the fourth quarter. Federated Investors Inc. PA now owns 19,215 shares of the company’s stock worth $398,000 after buying an additional 947 shares during the last quarter. 81.95% of the stock is currently owned by institutional investors.
Triple-S Management Corporation (GTS) traded up 1.311% during midday trading on Tuesday, reaching $16.615. The company’s stock had a trading volume of 10,155 shares. Triple-S Management Corporation has a 52 week low of $15.81 and a 52 week high of $26.86. The firm has a market cap of $401.14 million, a P/E ratio of 42.170 and a beta of 0.63. The firm has a 50 day moving average price of $16.87 and a 200-day moving average price of $18.80.
Triple-S Management Corporation (NYSE:GTS) last announced its earnings results on Tuesday, May 9th. The company reported ($0.20) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.09 by $0.29. Triple-S Management Corporation had a negative return on equity of 0.44% and a net margin of 0.33%. The business had revenue of $722.50 million for the quarter, compared to the consensus estimate of $748.76 million. During the same period in the prior year, the business posted $0.14 earnings per share. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, analysts forecast that Triple-S Management Corporation will post $0.18 earnings per share for the current fiscal year.
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Separately, Zacks Investment Research downgraded Triple-S Management Corporation from a “hold” rating to a “strong sell” rating in a report on Thursday, May 11th.
Triple-S Management Corporation 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, 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.
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