Triple-S Management Corp. (GTS) Holdings Raised by ClariVest Asset Management LLC

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ClariVest Asset Management LLC boosted its holdings in shares of Triple-S Management Corp. (NYSE:GTS) by 9.9% in the 4th quarter, Holdings Channel reports. The firm owned 246,665 shares of the company’s stock after buying an additional 22,237 shares during the period. ClariVest Asset Management LLC’s holdings in Triple-S Management were worth $4,289,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Meeder Asset Management Inc. lifted its stake in Triple-S Management by 69.7% during the third quarter. Meeder Asset Management Inc. now owns 8,139 shares of the company’s stock worth $154,000 after purchasing an additional 3,343 shares during the last quarter. Jane Street Group LLC bought a new stake in Triple-S Management during the second quarter worth $243,000. Janney Montgomery Scott LLC bought a new stake in Triple-S Management during the third quarter worth $251,000. Jefferies Group LLC bought a new stake in Triple-S Management during the third quarter worth $261,000. Finally, First Hawaiian Bank bought a new stake in Triple-S Management during the third quarter worth $263,000. Hedge funds and other institutional investors own 82.90% of the company’s stock.

Several brokerages have recently issued reports on GTS. ValuEngine upgraded shares of Triple-S Management from a “strong sell” rating to a “sell” rating in a report on Thursday, November 8th. TheStreet downgraded shares of Triple-S Management from a “c” rating to a “d+” rating in a report on Friday, November 9th. Finally, Zacks Investment Research downgraded shares of Triple-S Management from a “hold” rating to a “strong sell” rating in a report on Friday, November 9th.

In related news, Director Luis A. Clavell purchased 3,077 shares of the stock in a transaction dated Wednesday, December 19th. The stock was bought at an average cost of $16.10 per share, for a total transaction of $49,539.70. Following the completion of the acquisition, the director now owns 48,778 shares of the company’s stock, valued at $785,325.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Rodriguez Roberto Garcia purchased 4,683 shares of the stock in a transaction dated Tuesday, December 18th. The shares were bought at an average price of $15.96 per share, with a total value of $74,740.68. Following the completion of the acquisition, the chief executive officer now directly owns 121,662 shares of the company’s stock, valued at approximately $1,941,725.52. The disclosure for this purchase can be found here. 2.16% of the stock is currently owned by corporate insiders.

Shares of NYSE:GTS opened at $20.37 on Thursday. The firm has a market cap of $458.24 million, a PE ratio of 10.78, a P/E/G ratio of 1.02 and a beta of 0.34. The company has a debt-to-equity ratio of 0.04, a current ratio of 0.54 and a quick ratio of 0.54. Triple-S Management Corp. has a 52-week low of $15.45 and a 52-week high of $44.01.

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Triple-S Management Company Profile

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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