Triple-S Management Corp. (NYSE:GTS) Short Interest Update

Triple-S Management Corp. (NYSE:GTS) saw a large increase in short interest in May. As of May 31st, there was short interest totalling 316,700 shares, an increase of 8.1% from the April 30th total of 293,000 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 119,300 shares, the days-to-cover ratio is presently 2.7 days.

Several institutional investors and hedge funds have recently modified their holdings of GTS. Investors Research Corp acquired a new stake in shares of Triple-S Management during the first quarter worth about $73,000. BNP Paribas Arbitrage SA lifted its position in shares of Triple-S Management by 418.7% during the first quarter. BNP Paribas Arbitrage SA now owns 4,554 shares of the company’s stock worth $104,000 after purchasing an additional 3,676 shares in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in shares of Triple-S Management by 322.3% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 7,505 shares of the company’s stock worth $131,000 after purchasing an additional 5,728 shares in the last quarter. Citigroup Inc. raised its holdings in Triple-S Management by 15.2% in the fourth quarter. Citigroup Inc. now owns 9,359 shares of the company’s stock valued at $163,000 after acquiring an additional 1,232 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Triple-S Management in the first quarter valued at approximately $163,000. 82.41% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently issued reports on GTS. ValuEngine lowered shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Tuesday, May 28th. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday.

NYSE GTS traded up $0.14 during trading hours on Friday, reaching $24.74. The company had a trading volume of 73,814 shares, compared to its average volume of 93,024. The firm has a 50-day moving average price of $24.12. Triple-S Management has a 1-year low of $15.45 and a 1-year high of $39.07. 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 $568.41 million, a PE ratio of -16.06, a P/E/G ratio of 1.09 and a beta of 0.26.

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

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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