Schroder Investment Management Group decreased its stake in shares of Triple-S Management Corp. (NYSE:GTS) by 81.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,100 shares of the company’s stock after selling 18,442 shares during the quarter. Schroder Investment Management Group’s holdings in Triple-S Management were worth $98,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently made changes to their positions in the company. Investors Research Corp lifted its position in shares of Triple-S Management by 31.3% during the 2nd quarter. Investors Research Corp now owns 4,200 shares of the company’s stock valued at $100,000 after acquiring an additional 1,000 shares during the period. BNP Paribas Arbitrage SA increased its stake in Triple-S Management by 418.7% in the first quarter. BNP Paribas Arbitrage SA now owns 4,554 shares of the company’s stock valued at $104,000 after purchasing an additional 3,676 shares in the last quarter. SG Americas Securities LLC bought a new stake in Triple-S Management in the first quarter valued at $163,000. Bank of America Corp DE boosted its position in shares of Triple-S Management by 15.9% during the 4th quarter. Bank of America Corp DE now owns 11,468 shares of the company’s stock worth $199,000 after purchasing an additional 1,574 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new position in shares of Triple-S Management during the 1st quarter worth about $266,000. 81.59% of the stock is owned by institutional investors.
A number of research analysts recently weighed in on GTS shares. ValuEngine downgraded Triple-S Management from a “sell” rating to a “strong sell” rating in a research note on Wednesday, September 4th. Zacks Investment Research cut Triple-S Management from a “buy” rating to a “hold” rating in a research note on Saturday, August 10th. Finally, TheStreet lowered Triple-S Management from a “b” rating to a “c+” rating in a research report on Monday.
Triple-S Management (NYSE:GTS) last issued its quarterly earnings data on Thursday, August 8th. The company reported $1.12 EPS for the quarter, topping the consensus estimate of $0.42 by $0.70. Triple-S Management had a return on equity of 3.63% and a net margin of 1.17%. The firm had revenue of $878.60 million during the quarter, compared to the consensus estimate of $792.75 million. During the same period in the prior year, the business posted $0.44 earnings per share. The company’s quarterly revenue was up 15.1% compared to the same quarter last year. Research analysts anticipate that Triple-S Management Corp. will post 2.5 EPS for the current fiscal year.
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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