Zacks Investment Research Upgrades Triple-S Management (NYSE:GTS) to Buy

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Triple-S Management (NYSE:GTS) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report issued on Wednesday, Zacks.com reports. The firm currently has a $28.00 price target on the stock. Zacks Investment Research‘s target price points to a potential upside of 13.82% from the stock’s previous close.

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 research report on Tuesday, May 28th.

Triple-S Management stock opened at $24.60 on Wednesday. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.60 and a quick ratio of 0.60. Triple-S Management has a 1-year low of $15.45 and a 1-year high of $39.07. The stock has a market cap of $567.25 million, a price-to-earnings ratio of 36.10, a P/E/G ratio of 1.09 and a beta of 0.26. The stock has a 50-day moving average price of $24.14.

Triple-S Management (NYSE:GTS) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ 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 company 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 company posted $0.60 EPS. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts predict that Triple-S Management will post 2.25 EPS for the current year.

A number of institutional investors have recently bought and sold shares of the stock. BlackRock Inc. increased its position in shares of Triple-S Management by 6.5% during the fourth quarter. BlackRock Inc. now owns 1,851,247 shares of the company’s stock worth $32,193,000 after acquiring an additional 112,411 shares during the period. Kennedy Capital Management Inc. purchased a new position in shares of Triple-S Management during the first quarter worth approximately $1,712,000. Two Sigma Investments LP increased its position in shares of Triple-S Management by 108.4% during the fourth quarter. Two Sigma Investments LP now owns 128,626 shares of the company’s stock worth $2,237,000 after acquiring an additional 66,901 shares during the period. California Public Employees Retirement System increased its position in shares of Triple-S Management by 82.8% during the first quarter. California Public Employees Retirement System now owns 82,045 shares of the company’s stock worth $1,872,000 after acquiring an additional 37,166 shares during the period. Finally, Two Sigma Advisers LP increased its position in shares of Triple-S Management by 16.7% during the fourth quarter. Two Sigma Advisers LP now owns 166,735 shares of the company’s stock worth $2,900,000 after acquiring an additional 23,799 shares during the period. 82.41% of the stock is currently owned by institutional investors.

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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