Trading Report: Today, Pzena Investment Management LLC Boosts Stake in Triple-S Management Corp. (GTS)

Today, Pzena Investment Management LLC Boosts Stake in Triple-S Management Corp. (GTS)

Pzena Investment Management LLC boosted its stake in Triple-S Management Corp. (NYSE:GTS) by 26.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,971,750 shares of the company’s stock after buying an additional 412,101 shares during the period. Pzena Investment Management LLC owned 8.01% of Triple-S Management Corp. worth $43,240,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. JPMorgan Chase & Co. boosted its position in shares of Triple-S Management Corp. by 215.1% in the second quarter. JPMorgan Chase & Co. now owns 386,467 shares of the company’s stock worth $9,441,000 after buying an additional 263,800 shares during the last quarter. Emerald Acquisition Ltd. bought a new position in shares of Triple-S Management Corp. during the second quarter worth about $4,979,000. Lakewood Capital Management LP boosted its position in shares of Triple-S Management Corp. by 69.6% in the second quarter. Lakewood Capital Management LP now owns 452,458 shares of the company’s stock worth $11,054,000 after buying an additional 185,743 shares during the last quarter. Foundry Partners LLC bought a new position in shares of Triple-S Management Corp. during the second quarter worth about $2,841,000. Finally, Spark Investment Management LLC boosted its position in shares of Triple-S Management Corp. by 102.2% in the second quarter. Spark Investment Management LLC now owns 191,900 shares of the company’s stock worth $4,688,000 after buying an additional 97,000 shares during the last quarter. 86.51% of the stock is owned by institutional investors.

Shares of Triple-S Management Corp. (NYSE:GTS) opened at 22.40 on Friday. The firm has a market capitalization of $546.25 million, a price-to-earnings ratio of 28.43 and a beta of 0.91. The stock has a 50 day moving average price of $21.36 and a 200-day moving average price of $22.96. Triple-S Management Corp. has a 52 week low of $18.62 and a 52 week high of $27.70.

Triple-S Management Corp. (NYSE:GTS) last posted its earnings results on Thursday, November 3rd. The company reported ($0.26) earnings per share for the quarter, missing analysts’ consensus estimates of $0.37 by $0.63. The business had revenue of $744.70 million for the quarter, compared to analyst estimates of $396.51 million. Triple-S Management Corp. had a return on equity of 1.41% and a net margin of 0.65%. The firm’s revenue was down 2.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.39 earnings per share. On average, equities research analysts forecast that Triple-S Management Corp. will post $0.18 earnings per share for the current year.

A number of brokerages have issued reports on GTS. Zacks Investment Research cut Triple-S Management Corp. from a “hold” rating to a “strong sell” rating in a report on Friday, August 5th. TheStreet cut Triple-S Management Corp. from a “buy” rating to a “hold” rating in a report on Thursday, November 3rd.

Triple-S Management Corp. Company Profile

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