Triple-S Management (GTS) Upgraded to “Buy” at ValuEngine

Triple-S Management (NYSE:GTS) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday, May 8th, ValuEngine reports.

Other equities research analysts have also recently issued reports about the stock. Zacks Investment Research raised shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research report on Saturday, March 2nd. TheStreet upgraded shares of Triple-S Management from a “d+” rating to a “c-” rating in a research note on Friday, March 1st.

Shares of NYSE GTS traded up $0.35 during midday trading on Wednesday, reaching $24.50. 112,232 shares of the stock were exchanged, compared to its average volume of 116,218. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.60 and a quick ratio of 0.60. The company has a market capitalization of $578.57 million, a P/E ratio of -15.91, a P/E/G ratio of 1.11 and a beta of 0.44. Triple-S Management has a twelve month low of $15.45 and a twelve month high of $44.01.

Triple-S Management (NYSE:GTS) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.77 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.51. Triple-S Management had a negative net margin of 1.06% and a positive return on equity of 1.88%. The company had revenue of $787.59 million during the quarter, compared to analysts’ expectations of $769.21 million. During the same quarter last year, the company posted $0.60 EPS. The firm’s revenue was up 2.3% compared to the same quarter last year. As a group, research analysts expect that Triple-S Management will post 2.25 EPS for the current year.

A number of large investors have recently made changes to their positions in the stock. BlackRock Inc. raised its stake in Triple-S Management by 6.5% during the 4th quarter. BlackRock Inc. now owns 1,851,247 shares of the company’s stock worth $32,193,000 after acquiring an additional 112,411 shares in the last quarter. Pzena Investment Management LLC increased its stake in Triple-S Management by 0.6% in the fourth quarter. Pzena Investment Management LLC now owns 1,357,866 shares of the company’s stock valued at $23,613,000 after purchasing an additional 7,853 shares during the period. Northern Trust Corp increased its stake in Triple-S Management by 0.3% in the first quarter. Northern Trust Corp now owns 1,056,979 shares of the company’s stock valued at $24,121,000 after purchasing an additional 2,956 shares during the period. JPMorgan Chase & Co. increased its stake in Triple-S Management by 70.6% in the third quarter. JPMorgan Chase & Co. now owns 979,969 shares of the company’s stock valued at $18,512,000 after purchasing an additional 405,659 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Triple-S Management by 8.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 500,545 shares of the company’s stock valued at $11,423,000 after purchasing an additional 41,037 shares during the period. Hedge funds and other institutional investors own 82.57% of the company’s stock.

Triple-S Management Company Profile

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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