Triple-S Management Corp. (NYSE:GTS) Short Interest Up 9.0% in June

Triple-S Management Corp. (NYSE:GTS) was the target of a large increase in short interest during the month of June. As of June 15th, there was short interest totalling 345,200 shares, an increase of 9.0% from the May 15th total of 316,700 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average daily volume of 111,400 shares, the days-to-cover ratio is presently 3.1 days.

Shares of GTS traded up $0.49 during trading hours on Friday, hitting $26.00. The stock had a trading volume of 86,883 shares, compared to its average volume of 85,215. Triple-S Management has a 52 week low of $15.45 and a 52 week high of $38.05. The company’s fifty day moving average price is $24.08. 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 stock has a market capitalization of $600.76 million, a PE ratio of -16.88, a price-to-earnings-growth ratio of 1.16 and a beta of 0.26.

Triple-S Management (NYSE:GTS) last issued its quarterly earnings data on Thursday, May 9th. The company reported $0.77 EPS for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $787.59 million for the quarter, compared to analyst estimates of $769.21 million. During the same quarter in the prior year, the firm earned $0.60 EPS. The company’s revenue was up 2.3% on a year-over-year basis. On average, analysts anticipate that Triple-S Management will post 2.25 EPS for the current fiscal year.

Institutional investors have recently added to or reduced their stakes in the business. Investors Research Corp acquired a new stake in shares of Triple-S Management in the 1st quarter valued at approximately $73,000. BNP Paribas Arbitrage SA raised its holdings in Triple-S Management by 418.7% during the 1st quarter. BNP Paribas Arbitrage SA now owns 4,554 shares of the company’s stock worth $104,000 after buying an additional 3,676 shares during the period. Metropolitan Life Insurance Co. NY raised its holdings in Triple-S Management by 322.3% during the 4th quarter. Metropolitan Life Insurance Co. NY now owns 7,505 shares of the company’s stock worth $131,000 after buying an additional 5,728 shares during the period. Citigroup Inc. raised its holdings in Triple-S Management by 15.2% during the 4th quarter. Citigroup Inc. now owns 9,359 shares of the company’s stock worth $163,000 after buying an additional 1,232 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in Triple-S Management during the 1st quarter worth approximately $163,000. Institutional investors own 82.57% of the company’s stock.

Several equities research analysts have recently weighed in on GTS shares. Zacks Investment Research lowered shares of ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. ValuEngine lowered shares of Vereit from a “buy” rating to a “hold” rating in a report on Friday.

About Triple-S Management

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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