Gargoyle Investment Advisor L.L.C. reduced its position in Triple-S Management Corp. (NYSE:GTS) by 18.2% during the second quarter, Holdings Channel reports. The institutional investor owned 18,546 shares of the company’s stock after selling 4,114 shares during the period. Gargoyle Investment Advisor L.L.C.’s holdings in Triple-S Management Corp. were worth $453,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of the company. Boothbay Fund Management LLC acquired a new stake in shares of Triple-S Management Corp. during the first quarter worth $271,000. Smith Asset Management Group LP raised its stake in shares of Triple-S Management Corp. by 68.9% in the second quarter. Smith Asset Management Group LP now owns 13,730 shares of the company’s stock worth $335,000 after buying an additional 5,600 shares in the last quarter. Acrospire Investment Management LLC acquired a new stake in shares of Triple-S Management Corp. during the first quarter worth $342,000. Strs Ohio raised its stake in shares of Triple-S Management Corp. by 3.1% in the second quarter. Strs Ohio now owns 29,600 shares of the company’s stock worth $723,000 after buying an additional 900 shares in the last quarter. Finally, A.R.T. Advisors LLC raised its stake in shares of Triple-S Management Corp. by 75.7% in the first quarter. A.R.T. Advisors LLC now owns 30,638 shares of the company’s stock worth $761,000 after buying an additional 13,200 shares in the last quarter. Hedge funds and other institutional investors own 87.26% of the company’s stock.
Triple-S Management Corp. (NYSE:GTS) traded down 1.20% during midday trading on Thursday, hitting $21.43. The company had a trading volume of 45,117 shares. The stock has a 50 day moving average price of $22.14 and a 200 day moving average price of $23.98. The company has a market capitalization of $527.69 million, a P/E ratio of 20.75 and a beta of 0.95. Triple-S Management Corp. has a 52 week low of $17.78 and a 52 week high of $27.70.
Triple-S Management Corp. (NYSE:GTS) last posted its earnings results on Thursday, August 4th. The company reported $0.16 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.16. The firm earned $747.40 million during the quarter, compared to analysts’ expectations of $749.56 million. Triple-S Management Corp. had a return on equity of 3.31% and a net margin of 0.84%. Triple-S Management Corp.’s quarterly revenue was down 3.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.28 earnings per share. Equities analysts forecast that Triple-S Management Corp. will post $1.03 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on GTS shares. TheStreet upgraded Triple-S Management Corp. from a “hold” rating to a “buy” rating in a research report on Tuesday, June 21st. Zacks Investment Research upgraded Triple-S Management Corp. from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 5th.
Triple-S Management Corp. Company Profile
Triple-S Management Corporation operates as a managed care company. The Company offers a range of managed care and related products in the commercial and Medicare markets. The Company’s segments include Managed Care, Life Insurance, and Property and Casualty Insurance. The Managed Care segment is engaged in the sale of managed care products to the Commercial, Medicare and Medicaid market sectors.
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