Trade Report: Today, Heartland Advisors Inc. invests in 17,157 by buying Triple-S Management Corp. (GTS) shares

Today, Heartland Advisors Inc. invests in 17,157 by buying Triple-S Management Corp. (GTS) shares

Heartland Advisors Inc. increased its stake in Triple-S Management Corp. (NYSE:GTS) by 4.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 389,151 shares of the company’s stock after buying an additional 17,157 shares during the period. Heartland Advisors Inc. owned 1.58% of Triple-S Management Corp. worth $8,534,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio boosted its stake in Triple-S Management Corp. by 5.6% in the second quarter. Public Employees Retirement System of Ohio now owns 4,791 shares of the company’s stock valued at $117,000 after buying an additional 252 shares during the period. BlackRock Inc. boosted its stake in Triple-S Management Corp. by 243.4% in the second quarter. BlackRock Inc. now owns 6,570 shares of the company’s stock valued at $160,000 after buying an additional 4,657 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp acquired a new stake in Triple-S Management Corp. during the third quarter valued at about $208,000. AHL Partners LLP acquired a new stake in Triple-S Management Corp. during the second quarter valued at about $239,000. Finally, Wells Fargo & Company MN boosted its stake 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 period. 86.51% of the stock is owned by institutional investors.

Shares of Triple-S Management Corp. (NYSE:GTS) traded down 0.71% on Friday, reaching $22.24. The company had a trading volume of 6,559 shares. Triple-S Management Corp. has a 52-week low of $18.62 and a 52-week high of $27.70. The stock has a market capitalization of $542.34 million, a PE ratio of 28.22 and a beta of 0.91. The company has a 50 day moving average price of $21.36 and a 200 day moving average price of $22.96.

Triple-S Management Corp. (NYSE:GTS) last released 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 firm earned $744.70 million during 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 business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same quarter last year, the company earned $0.39 earnings per share. On average, equities research analysts anticipate that Triple-S Management Corp. will post $0.18 earnings per share for the current year.

A number of research analysts recently weighed in on the company. 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.

About Triple-S Management Corp.

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