Triple-S Management Corp. (GTS) Announces Quarterly Earnings Results

Triple-S Management Corp. (NYSE:GTS) issued its quarterly earnings results on Tuesday. The company reported ($0.20) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.09 by $0.29. The company had revenue of $722.50 million during the quarter, compared to analysts’ expectations of $748.76 million. Triple-S Management Corp. had a net margin of 0.65% and a return on equity of 1.41%. The company’s quarterly revenue was down 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $0.14 earnings per share.

Earnings History for Triple-S Management Corp. (NYSE:GTS)

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A number of hedge funds have recently modified their holdings of GTS. Legal & General Group Plc bought a new position in Triple-S Management Corp. during the first quarter valued at approximately $102,000. UBS Group AG boosted its position in Triple-S Management Corp. by 81.1% in the first quarter. UBS Group AG now owns 7,677 shares of the company’s stock valued at $135,000 after buying an additional 3,439 shares during the last quarter. SG Americas Securities LLC bought a new position in Triple-S Management Corp. during the first quarter valued at approximately $189,000. Wells Fargo & Company MN boosted its position in Triple-S Management Corp. by 41.5% in the third quarter. Wells Fargo & Company MN now owns 9,881 shares of the company’s stock valued at $217,000 after buying an additional 2,900 shares during the last quarter. Finally, Nine Chapters Capital Management LLC bought a new position in Triple-S Management Corp. during the first quarter valued at approximately $218,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Separately, Zacks Investment Research lowered shares of Triple-S Management Corp. from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 11th.

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, 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.

5 Day Chart for NYSE:GTS

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