Triple-S Management (NYSE:GTS) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of Triple-S Management (NYSE:GTS) from a hold rating to a buy rating in a research report report published on Friday, ValuEngine reports.

Separately, Zacks Investment Research cut ExlService from a hold rating to a sell rating in a research note on Wednesday, July 10th.

Shares of GTS opened at $26.50 on Friday. The company has a 50 day moving average of $24.18. The stock has a market capitalization of $600.76 million, a P/E ratio of -17.21, a P/E/G ratio of 1.16 and a beta of 0.26. The company has a debt-to-equity ratio of 0.03, a current ratio of 0.60 and a quick ratio of 0.60. Triple-S Management has a 1-year low of $15.45 and a 1-year high of $38.05.

Triple-S Management (NYSE:GTS) last issued its quarterly earnings results on Thursday, May 9th. The company reported $0.77 EPS for the quarter, beating 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 business had revenue of $787.59 million for the quarter, compared to analysts’ expectations of $769.21 million. During the same period last year, the business earned $0.60 earnings per share. The business’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, research analysts anticipate that Triple-S Management will post 2.25 EPS for the current year.

Several large investors have recently modified their holdings of GTS. Investors Research Corp acquired a new stake in shares of Triple-S Management in the first quarter worth approximately $73,000. BNP Paribas Arbitrage SA lifted its position in Triple-S Management by 418.7% during the first 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 in the last quarter. Metropolitan Life Insurance Co. NY lifted its position in Triple-S Management by 322.3% during the fourth 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 in the last quarter. Citigroup Inc. lifted its position in Triple-S Management by 15.2% during the fourth quarter. Citigroup Inc. now owns 9,359 shares of the company’s stock worth $163,000 after buying an additional 1,232 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in Triple-S Management during the first quarter worth approximately $163,000. 82.58% of the stock is currently owned by hedge funds and other institutional investors.

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.

See Also: Buy-Side Analysts

To view ValuEngine’s full report, visit ValuEngine’s official website.

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