Triple-S Management Corporation (GTS) Rating Lowered to Hold at Zacks Investment Research

Triple-S Management Corporation (NYSE:GTS) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued on Wednesday, October 11th.

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. “

GTS has been the topic of several other research reports. ValuEngine upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. BidaskClub upgraded shares of Triple-S Management Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th. TheStreet upgraded shares of Triple-S Management Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 17th. Finally, Wells Fargo & Company upgraded shares of Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $16.00 to $20.00 in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $23.00.

Triple-S Management Corporation (NYSE:GTS) traded up 0.29% on Wednesday, reaching $24.19. The company had a trading volume of 71,999 shares. The firm has a market capitalization of $586.51 million, a price-to-earnings ratio of 32.21 and a beta of 0.43. Triple-S Management Corporation has a 52-week low of $15.05 and a 52-week high of $25.41. The stock’s 50-day moving average price is $23.81 and its 200 day moving average price is $19.42.

Triple-S Management Corporation (NYSE:GTS) last announced its earnings results on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.57. Triple-S Management Corporation had a net margin of 0.63% and a return on equity of 0.19%. The firm had revenue of $745.90 million for the quarter, compared to the consensus estimate of $723.25 million. During the same quarter last year, the firm posted $0.11 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. On average, equities analysts anticipate that Triple-S Management Corporation will post $0.86 earnings per share for the current fiscal year.

Triple-S Management Corporation declared that its Board of Directors has authorized a share buyback program on Tuesday, August 8th that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: This article was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/22/triple-s-management-corporation-gts-stock-rating-lowered-by-zacks-investment-research.html.

In other Triple-S Management Corporation news, insider Arturo Carrion sold 1,100 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $23.80, for a total value of $26,180.00. Following the completion of the transaction, the insider now directly owns 48,663 shares of the company’s stock, valued at $1,158,179.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.52% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC raised its stake in shares of Triple-S Management Corporation by 395.3% during the first quarter. Citadel Advisors LLC now owns 68,248 shares of the company’s stock worth $1,199,000 after buying an additional 54,469 shares during the last quarter. Brandes Investment Partners LP increased its stake in Triple-S Management Corporation by 32.1% in the second quarter. Brandes Investment Partners LP now owns 92,639 shares of the company’s stock valued at $1,566,000 after purchasing an additional 22,501 shares in the last quarter. SG Americas Securities LLC bought a new stake in Triple-S Management Corporation in the first quarter valued at approximately $189,000. Schwab Charles Investment Management Inc. increased its stake in Triple-S Management Corporation by 8.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 239,378 shares of the company’s stock valued at $4,206,000 after purchasing an additional 17,964 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Triple-S Management Corporation in the first quarter valued at approximately $102,000. 80.47% of the stock is owned by institutional investors and hedge funds.

Triple-S Management Corporation Company Profile

Triple-S Management Corporation operates as a managed care company. The Company offers a range of managed care and related products in the commercial, Medicaid and Medicare markets. The Company’s segments include Managed Care, Life Insurance, and Property and Casualty Insurance. The Managed Care segment is engaged in the sale of managed care products to the Commercial, Medicare and Medicaid market sectors.

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. “

GTS has been the topic of several other research reports. ValuEngine upgraded shares of Triple-S Management Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 29th. BidaskClub upgraded shares of Triple-S Management Corporation from a “strong sell” rating to a “sell” rating in a report on Thursday, August 10th. TheStreet upgraded shares of Triple-S Management Corporation from a “c” rating to a “b-” rating in a report on Thursday, August 17th. Finally, Wells Fargo & Company upgraded shares of Triple-S Management Corporation from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $16.00 to $20.00 in a research report on Wednesday, August 9th. Four equities research analysts have rated the stock with a hold rating, The company currently has an average rating of “Hold” and a consensus target price of $23.00.

Triple-S Management Corporation (NYSE:GTS) traded up 0.29% on Wednesday, reaching $24.19. The company had a trading volume of 71,999 shares. The firm has a market capitalization of $586.51 million, a price-to-earnings ratio of 32.21 and a beta of 0.43. Triple-S Management Corporation has a 52-week low of $15.05 and a 52-week high of $25.41. The stock’s 50-day moving average price is $23.81 and its 200 day moving average price is $19.42.

Triple-S Management Corporation (NYSE:GTS) last announced its earnings results on Tuesday, August 8th. The company reported $0.39 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.57. Triple-S Management Corporation had a net margin of 0.63% and a return on equity of 0.19%. The firm had revenue of $745.90 million for the quarter, compared to the consensus estimate of $723.25 million. During the same quarter last year, the firm posted $0.11 EPS. The business’s quarterly revenue was down .9% on a year-over-year basis. On average, equities analysts anticipate that Triple-S Management Corporation will post $0.86 earnings per share for the current fiscal year.

Triple-S Management Corporation declared that its Board of Directors has authorized a share buyback program on Tuesday, August 8th that authorizes the company to repurchase $30.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 6.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

TRADEMARK VIOLATION NOTICE: This article was posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this article on another site, it was illegally copied and republished in violation of U.S. and international copyright & trademark laws. The original version of this article can be viewed at https://ledgergazette.com/2017/10/22/triple-s-management-corporation-gts-stock-rating-lowered-by-zacks-investment-research.html.

In other Triple-S Management Corporation news, insider Arturo Carrion sold 1,100 shares of the business’s stock in a transaction dated Tuesday, August 15th. The shares were sold at an average price of $23.80, for a total value of $26,180.00. Following the completion of the transaction, the insider now directly owns 48,663 shares of the company’s stock, valued at $1,158,179.40. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 1.52% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Citadel Advisors LLC raised its stake in shares of Triple-S Management Corporation by 395.3% during the first quarter. Citadel Advisors LLC now owns 68,248 shares of the company’s stock worth $1,199,000 after buying an additional 54,469 shares during the last quarter. Brandes Investment Partners LP increased its stake in Triple-S Management Corporation by 32.1% in the second quarter. Brandes Investment Partners LP now owns 92,639 shares of the company’s stock valued at $1,566,000 after purchasing an additional 22,501 shares in the last quarter. SG Americas Securities LLC bought a new stake in Triple-S Management Corporation in the first quarter valued at approximately $189,000. Schwab Charles Investment Management Inc. increased its stake in Triple-S Management Corporation by 8.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 239,378 shares of the company’s stock valued at $4,206,000 after purchasing an additional 17,964 shares in the last quarter. Finally, Legal & General Group Plc bought a new stake in Triple-S Management Corporation in the first quarter valued at approximately $102,000. 80.47% of the stock is owned by institutional investors and hedge funds.

Triple-S Management Corporation Company Profile

Triple-S Management Corporation operates as a managed care company. The Company offers a range of managed care and related products in the commercial, Medicaid and Medicare markets. The Company’s segments include Managed Care, Life Insurance, and Property and Casualty Insurance. The Managed Care segment is engaged in the sale of managed care products to the Commercial, Medicare and Medicaid market sectors.

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