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.
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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