Institutional Investors Lead Shift in Triple-s Management Corp (NYSE:GTS) Sentiment

Paterniano Del Favero
Agosto 19, 2017

Triple-S Management Corporation (NYSE:GTS) issued its quarterly earnings data on Tuesday, August 8th.

Deutsche National Bank & Trust Ag has 0% invested in Triple-S Management Corp. The firm had revenue of $745.90 million during the quarter, compared to the consensus estimate of $723.25 million. Next quarter's EPS is estimated at $0.36 with next year's EPS projected to be $1.70. The company's quarterly revenue was down.9% compared to the same quarter previous year. Triple-S Management Corp (GTS) now has a 14 day Williams %R of -10.79. Triple-S Management Corporation has a 12 month low of $15.05 and a 12 month high of $24.11. The company now has a P/E ratio of 31.20 and the market value is 568.08M.

Checking in on moving averages, the 200-day is at 123.66, the 50-day is 132.91, and the 7-day is sitting at 130.62.

Several analysts recently commented on GTS shares.

Healthinvest Partners Ab holds 6.95% of its portfolio in Triple-S Management Corp. for 364,156 shares. Finally, Wells Fargo & Company upgraded shares of Triple-S Management Corporation from an "underperform" rating to a "market perform" rating and upped their target price for the company from $16.00 to $20.00 in a research note on Wednesday, August 9th.

Triple-S Management Corporation (NYSE GTS) opened at 23.43 on Friday. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of USA and global trademark & copyright law. The original version of this article can be accessed at https://stocknewstimes.com/2017/08/18/triple-s-management-corporation-nysegts-position-decreased-by-tiaa-cref-investment-management-llc-updated-updated.html.

Triple-S Management Corporation announced that its Board of Directors has initiated a share buyback program on Tuesday, August 8th that permits the company to buyback $30.00 million in outstanding shares. Moving average indicators are popular tools for stock analysis. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

In related news, insider Arturo Carrion sold 1,100 shares of the business's stock in a transaction that occurred on Tuesday, August 15th. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Following the sale, the insider now owns 48,663 shares in the company, valued at $1,158,179.40. The hedge funds in our partner's database now possess: 20.48 million shares, down from 20.49 million shares in 2016Q3. (NYSE:GTS) were released by: Prnewswire.com and their article: "Triple-S Management Corporation Reports Fourth Quarter 2016 Results" published on March 02, 2017 as well as Seekingalpha.com's news article titled: "Triple-S Management Corp". Schroder Investment Management Group now owns 163,100 shares of the company's stock valued at $2,835,000 after buying an additional 93,300 shares during the period. Strs Ohio increased its stake in shares of Triple-S Management Corporation by 22.5% in the first quarter. State Street Corp now owns 511,057 shares of the company's stock valued at $10,577,000 after buying an additional 11,281 shares during the period. ClariVest Asset Management LLC boosted its stake in shares of Triple-S Management Corporation by 14.3% in the first quarter. Heartland Advisors Inc. now owns 656,087 shares of the company's stock worth $11,527,000 after buying an additional 135,327 shares in the last quarter. Lakewood Capital Management Lp owns 846,409 shares or 0.79% of their United States portfolio. Finally, Algert Global LLC increased its stake in Triple-S Management Corporation by 127.8% in the first quarter. Manufacturers Life Insurance Company, The claims 1,761 shares valued at $30,000.

Triple-S Management Corporation, launched on October 9, 1996, operates as a managed care company.

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