TheStreet Lowers Triple-S Management (NYSE:GTS) to C+
TheStreet cut shares of Triple-S Management (NYSE:GTS) from a b rating to a c+ rating in a research report report published on Monday, TheStreetRatingsTable reports.
Several other research analysts also recently issued reports on the company. Zacks Investment Research downgraded Triple-S Management from a buy rating to a hold rating in a research note on Saturday, August 10th. ValuEngine downgraded Triple-S Management from a sell rating to a strong sell rating in a research note on Wednesday, September 4th.
Triple-S Management stock opened at $18.05 on Monday. Triple-S Management has a one year low of $15.45 and a one year high of $27.86. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.62 and a current ratio of 0.62. The business has a fifty day moving average of $22.49 and a two-hundred day moving average of $23.69. The company has a market cap of $430.82 million, a P/E ratio of -12.28, a price-to-earnings-growth ratio of 0.74 and a beta of 0.26.
Several large investors have recently added to or reduced their stakes in GTS. Pzena Investment Management LLC raised its stake in Triple-S Management by 2.2% in the 2nd quarter. Pzena Investment Management LLC now owns 1,365,603 shares of the company’s stock valued at $32,570,000 after purchasing an additional 29,707 shares during the last quarter. Heartland Advisors Inc. raised its stake in Triple-S Management by 12.4% in the 2nd quarter. Heartland Advisors Inc. now owns 602,733 shares of the company’s stock valued at $14,375,000 after purchasing an additional 66,438 shares during the last quarter. Renaissance Technologies LLC raised its stake in Triple-S Management by 13.6% in the 2nd quarter. Renaissance Technologies LLC now owns 372,700 shares of the company’s stock valued at $8,889,000 after purchasing an additional 44,700 shares during the last quarter. Morgan Stanley raised its stake in Triple-S Management by 29.7% in the 2nd quarter. Morgan Stanley now owns 283,471 shares of the company’s stock valued at $6,761,000 after purchasing an additional 64,991 shares during the last quarter. Finally, Nuveen Asset Management LLC acquired a new position in Triple-S Management in the 2nd quarter valued at about $5,580,000. 81.59% of the stock is owned by institutional investors and hedge funds.
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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