Triple-S Management Corp. (GTS) Stake Lessened by Schroder Investment Management Group

Schroder Investment Management Group decreased its position in Triple-S Management Corp. (NYSE:GTS) by 15.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 98,600 shares of the company’s stock after selling 17,700 shares during the quarter. Schroder Investment Management Group’s holdings in Triple-S Management were worth $3,885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of GTS. Summit Trail Advisors LLC grew its stake in shares of Triple-S Management by 2,450.6% in the 1st quarter. Summit Trail Advisors LLC now owns 278,368 shares of the company’s stock worth $278,000 after acquiring an additional 267,454 shares in the last quarter. Schwab Charles Investment Management Inc. grew its stake in shares of Triple-S Management by 16.1% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 436,749 shares of the company’s stock worth $17,060,000 after acquiring an additional 60,567 shares in the last quarter. Martingale Asset Management L P grew its stake in shares of Triple-S Management by 322.1% in the 2nd quarter. Martingale Asset Management L P now owns 76,841 shares of the company’s stock worth $3,002,000 after acquiring an additional 58,635 shares in the last quarter. LSV Asset Management bought a new stake in shares of Triple-S Management in the 2nd quarter worth $1,905,000. Finally, United Services Automobile Association grew its stake in shares of Triple-S Management by 66.3% in the 2nd quarter. United Services Automobile Association now owns 120,106 shares of the company’s stock worth $4,691,000 after acquiring an additional 47,867 shares in the last quarter. Hedge funds and other institutional investors own 84.02% of the company’s stock.

Shares of NYSE:GTS opened at $17.25 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $426.73 million, a P/E ratio of 9.13, a P/E/G ratio of 0.95 and a beta of -0.08. Triple-S Management Corp. has a fifty-two week low of $17.02 and a fifty-two week high of $44.01.

Triple-S Management (NYSE:GTS) last issued its quarterly earnings results on Thursday, August 2nd. The company reported $0.44 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.09. The company had revenue of $763.10 million for the quarter, compared to the consensus estimate of $758.40 million. Triple-S Management had a net margin of 0.38% and a return on equity of 7.33%. The firm’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. On average, analysts expect that Triple-S Management Corp. will post 1.93 EPS for the current year.

A number of brokerages recently weighed in on GTS. Zacks Investment Research raised shares of Triple-S Management from a “hold” rating to a “buy” rating and set a $29.00 price target on the stock in a report on Tuesday, August 7th. ValuEngine downgraded shares of Triple-S Management from a “sell” rating to a “strong sell” rating in a report on Friday, August 24th. Finally, TheStreet downgraded shares of Triple-S Management from a “b” rating to a “c+” rating in a report on Thursday, August 16th.

About Triple-S Management

Triple-S Management Corporation, through its subsidiaries, provides a portfolio of managed care and related products in the commercial, Medicare, and Medicaid markets in Puerto Rico, the United States. The company operates through three segments: Managed Care, Life Insurance, and Property and Casualty Insurance.

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

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