Triple-S Management (NYSE:GTS) Sees Unusually-High Trading Volume

Triple-S Management Co. (NYSE:GTS) saw unusually-strong trading volume on Wednesday . Approximately 14,840 shares were traded during trading, a decline of 88% from the previous session’s volume of 123,143 shares.The stock last traded at $35.35 and had previously closed at $35.46.

Separately, TheStreet upgraded shares of Triple-S Management from a “c+” rating to a “b” rating in a report on Friday, May 28th.

The company has a current ratio of 0.49, a quick ratio of 0.49 and a debt-to-equity ratio of 0.05. The firm’s fifty day moving average price is $27.43 and its 200 day moving average price is $26.01. The firm has a market capitalization of $841.19 million, a PE ratio of 8.54 and a beta of 0.80.

Triple-S Management (NYSE:GTS) last released its quarterly earnings data on Thursday, August 5th. The company reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.38). Triple-S Management had a net margin of 2.40% and a return on equity of 4.49%. The business had revenue of $1.01 billion during the quarter. As a group, research analysts expect that Triple-S Management Co. will post 3.05 EPS for the current year.

Institutional investors have recently added to or reduced their stakes in the business. Ameriprise Financial Inc. raised its position in shares of Triple-S Management by 44.2% during the first quarter. Ameriprise Financial Inc. now owns 443,895 shares of the company’s stock valued at $11,555,000 after buying an additional 135,969 shares during the last quarter. Invenomic Capital Management LP raised its position in shares of Triple-S Management by 128.1% during the second quarter. Invenomic Capital Management LP now owns 227,613 shares of the company’s stock valued at $5,069,000 after buying an additional 127,828 shares during the last quarter. BlackRock Inc. raised its position in shares of Triple-S Management by 5.2% during the first quarter. BlackRock Inc. now owns 1,872,878 shares of the company’s stock valued at $48,750,000 after buying an additional 93,247 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Triple-S Management during the second quarter valued at about $1,534,000. Finally, Allianz Asset Management GmbH acquired a new position in shares of Triple-S Management during the first quarter valued at about $1,604,000. 76.87% of the stock is owned by hedge funds and other institutional investors.

About Triple-S Management (NYSE:GTS)

Triple-S Management Corp. is a holding company, which engages in the provision of health insurance services. It operates through the following business segments: Managed Care; Life Insurance; Property and Casualty Insurance; and Other. The Managed Care segment sells managed care products to commercial, Medicare, and Medicaid market sectors.

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