Triple-S Management (NYSE:GTS) Shares Gap Up to $26.00


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Triple-S Management Co. (NYSE:GTS)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $26.00, but opened at $26.70. Triple-S Management shares last traded at $26.62, with a volume of 145 shares changing hands.

The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.50 and a current ratio of 0.50. The business’s 50 day simple moving average is $26.08 and its 200-day simple moving average is $22.79. The stock has a market capitalization of $617.84 million, a price-to-earnings ratio of 11.25 and a beta of 0.75.

Triple-S Management (NYSE:GTS) last issued its quarterly earnings results on Thursday, February 25th. The company reported $0.18 earnings per share for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. The company had revenue of $969.76 million during the quarter. Triple-S Management had a net margin of 1.53% and a return on equity of 8.17%. As a group, sell-side analysts expect that Triple-S Management Co. will post 3.3 EPS for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Pzena Investment Management LLC raised its holdings in shares of Triple-S Management by 1.8% in the 4th quarter. Pzena Investment Management LLC now owns 2,208,428 shares of the company’s stock worth $47,150,000 after purchasing an additional 38,293 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in shares of Triple-S Management by 269.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 486,160 shares of the company’s stock worth $8,688,000 after purchasing an additional 354,665 shares in the last quarter. Nuveen Asset Management LLC raised its holdings in shares of Triple-S Management by 12.2% in the 4th quarter. Nuveen Asset Management LLC now owns 143,411 shares of the company’s stock worth $3,062,000 after purchasing an additional 15,603 shares in the last quarter. Morgan Stanley raised its holdings in shares of Triple-S Management by 24.8% in the 3rd quarter. Morgan Stanley now owns 110,021 shares of the company’s stock worth $1,966,000 after purchasing an additional 21,888 shares in the last quarter. Finally, Perry Creek Capital LP acquired a new stake in shares of Triple-S Management during the fourth quarter valued at approximately $1,987,000. Institutional investors and hedge funds own 88.13% of the company’s stock.

Triple-S Management Company Profile (NYSE:GTS)

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, individuals, and government entities.

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