Triple-S Management (NYSE:GTS) Downgraded by ValuEngine to Sell

ValuEngine downgraded shares of Triple-S Management (NYSE:GTS) from a hold rating to a sell rating in a research report sent to investors on Thursday morning, ValuEngine reports.

Several other research firms have also weighed in on GTS. TheStreet lowered shares of Triple-S Management from a b rating to a c+ rating in a research report on Monday, September 9th. Wells Fargo & Co dropped their price objective on shares of Triple-S Management from $27.00 to $21.00 and set a market perform rating on the stock in a report on Thursday, September 12th. Finally, Zacks Investment Research raised shares of Triple-S Management from a hold rating to a buy rating and set a $15.00 price objective on the stock in a report on Tuesday, October 8th.

GTS traded up $0.74 during trading on Thursday, hitting $19.62. 303,100 shares of the company traded hands, compared to its average volume of 180,690. The firm has a market cap of $426.89 million, a P/E ratio of -13.35, a price-to-earnings-growth ratio of 0.71 and a beta of 0.22. The stock’s fifty day moving average is $15.08 and its 200 day moving average is $21.14. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 0.03. Triple-S Management has a one year low of $12.66 and a one year high of $27.86.

Triple-S Management (NYSE:GTS) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.51 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.18. The company had revenue of $836.00 million during the quarter, compared to analyst estimates of $819.42 million. Triple-S Management had a net margin of 2.12% and a return on equity of 7.35%. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.60 earnings per share. On average, equities research analysts forecast that Triple-S Management will post 2.6 EPS for the current fiscal year.

In other Triple-S Management news, Director David H. Chafey, Jr. acquired 5,375 shares of the company’s stock in a transaction on Tuesday, November 12th. The shares were acquired at an average cost of $18.47 per share, with a total value of $99,276.25. Following the completion of the acquisition, the director now directly owns 22,361 shares in the company, valued at $413,007.67. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.85% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Pzena Investment Management LLC lifted its holdings in shares of Triple-S Management by 2.2% in the second quarter. Pzena Investment Management LLC now owns 1,365,603 shares of the company’s stock worth $32,570,000 after buying an additional 29,707 shares in the last quarter. Heartland Advisors Inc. lifted its holdings in shares of Triple-S Management by 12.4% in the second quarter. Heartland Advisors Inc. now owns 602,733 shares of the company’s stock worth $14,375,000 after buying an additional 66,438 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in shares of Triple-S Management by 13.6% in the second quarter. Renaissance Technologies LLC now owns 372,700 shares of the company’s stock worth $8,889,000 after buying an additional 44,700 shares in the last quarter. Morgan Stanley lifted its holdings in shares of Triple-S Management by 29.7% in the second quarter. Morgan Stanley now owns 283,471 shares of the company’s stock worth $6,761,000 after buying an additional 64,991 shares in the last quarter. Finally, Nuveen Asset Management LLC purchased a new stake in shares of Triple-S Management in the second quarter worth about $5,580,000. 84.03% of the stock is currently owned by institutional investors and hedge funds.

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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