GSA Capital Partners LLP Buys New Position in Triple-S Management Corp. (GTS)

GSA Capital Partners LLP bought a new stake in shares of Triple-S Management Corp. (NYSE:GTS) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 57,544 shares of the company’s stock, valued at approximately $1,363,000. GSA Capital Partners LLP owned approximately 0.24% of Triple-S Management at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Goldman Sachs Group Inc. boosted its stake in Triple-S Management by 19.3% during the second quarter. Goldman Sachs Group Inc. now owns 126,318 shares of the company’s stock worth $2,136,000 after acquiring an additional 20,400 shares in the last quarter. Parametric Portfolio Associates LLC boosted its stake in Triple-S Management by 7.4% during the second quarter. Parametric Portfolio Associates LLC now owns 69,669 shares of the company’s stock worth $1,178,000 after acquiring an additional 4,802 shares in the last quarter. Chicago Equity Partners LLC bought a new stake in Triple-S Management during the third quarter worth about $1,393,000. Public Employees Retirement System of Ohio boosted its stake in Triple-S Management by 20.7% during the second quarter. Public Employees Retirement System of Ohio now owns 7,030 shares of the company’s stock worth $119,000 after acquiring an additional 1,204 shares in the last quarter. Finally, TIAA CREF Investment Management LLC boosted its stake in Triple-S Management by 5.4% during the second quarter. TIAA CREF Investment Management LLC now owns 175,373 shares of the company’s stock worth $2,966,000 after acquiring an additional 8,933 shares in the last quarter. 84.79% of the stock is currently owned by hedge funds and other institutional investors.

Several research firms recently commented on GTS. Zacks Investment Research raised shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Wednesday, October 25th. ValuEngine raised shares of Triple-S Management from a “hold” rating to a “buy” rating in a research note on Monday, November 27th. Finally, BidaskClub raised shares of Triple-S Management from a “sell” rating to a “hold” rating in a research note on Thursday, August 24th. Two investment analysts have rated the stock with a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $25.50.

In other news, insider Iraida T. Ojeda-Castro sold 1,667 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $27.51, for a total value of $45,859.17. Following the transaction, the insider now owns 8,445 shares in the company, valued at $232,321.95. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.52% of the company’s stock.

Shares of Triple-S Management Corp. (GTS) opened at $26.49 on Thursday. Triple-S Management Corp. has a 52 week low of $15.05 and a 52 week high of $29.43. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.78 and a current ratio of 0.78. The company has a market cap of $620.47, a PE ratio of 23.60, a P/E/G ratio of 2.11 and a beta of 0.40.

Triple-S Management (NYSE:GTS) last issued its earnings results on Thursday, November 9th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.59. The firm had revenue of $731.00 million for the quarter, compared to the consensus estimate of $728.66 million. Triple-S Management had a net margin of 1.44% and a return on equity of 3.05%. The business’s revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted ($0.26) earnings per share. analysts expect that Triple-S Management Corp. will post 1.23 EPS for the current fiscal year.

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Triple-S Management 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, Medicaid 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.

Institutional Ownership by Quarter for Triple-S Management (NYSE:GTS)

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