Today’s Market Runner: Triple-S Management Corp. Sets 52 Week Low; Strong Momentum for Sellers

Today's Market Runner: Triple S Management Corp. Sets 52 Week Low; Strong Momentum for Sellers

The stock of Triple-S Management Corp. (NYSE:GTS) hit a new 52-week low and has $17.07 target or 10.00% below today’s $18.97 share price. The 9 months bearish chart indicates high risk for the $456.47M company. The 1-year low was reported on Nov, 3 by Barchart.com. If the $17.07 price target is reached, the company will be worth $45.65 million less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. About 56,611 shares traded hands. Triple-S Management Corp. (NYSE:GTS) has declined 19.93% since April 1, 2016 and is downtrending. It has underperformed by 21.14% the S&P500.

According to Zacks Investment Research, “Triple-S Management Corporation is an independent licensee of the Blue Cross Blue Shield Association. It is the largest managed care company in Puerto Rico, serving approximately one million members across all regions. Triple-S offers a broad portfolio of managed care and related products in the commercial, Medicare and Reform (similar to Medicaid) markets. In addition to its managed care business, Triple-S provides life and property and casualty insurance in Puerto Rico.”

Insitutional Activity: The institutional sentiment decreased to 0.83 in 2016 Q2. Its down 0.42, from 1.25 in 2016Q1. The ratio dropped, as 15 funds sold all Triple-S Management Corp. shares owned while 50 reduced positions. 15 funds bought stakes while 39 increased positions. They now own 21.17 million shares or 0.51% more from 21.07 million shares in 2016Q1.
Price T Rowe Assoc Md has 0.01% invested in the company for 1.21M shares. Lba Wealth Ltd last reported 0.01% of its portfolio in the stock. Blackrock Institutional Tru Na last reported 0% of its portfolio in the stock. Panagora Asset Mngmt holds 0.01% or 83,841 shares in its portfolio. Blackrock Inc, a New York-based fund reported 6,570 shares. Creative Planning accumulated 0% or 2,512 shares. Healthinvest Partners accumulated 5.97% or 532,876 shares. Moreover, Century Cos has 0% invested in Triple-S Management Corp. (NYSE:GTS) for 33,290 shares. Acadian Asset Mgmt Lc holds 926,479 shares or 0.12% of its portfolio. Nordea has 0% invested in the company for 67,400 shares. Bogle Management L P De accumulated 0.17% or 99,670 shares. Parametric Lc has invested 0% of its portfolio in Triple-S Management Corp. (NYSE:GTS). Pzena Invest Limited Liability Com has 0.24% invested in the company for 1.56 million shares. Heartland Advisors has 0.51% invested in the company for 371,994 shares. California State Teachers Retirement Systems holds 48,865 shares or 0% of its portfolio.

Insider Transactions: Since June 7, 2016, the stock had 0 insider purchases, and 1 insider sale for $44,460 net activity. 1,800 shares were sold by Carrion Arturo, worth $44,460 on Tuesday, June 7.

More notable recent Triple-S Management Corp. (NYSE:GTS) news were published by: Prnewswire.com which released: “Triple-S Management Corporation to Present at the Stifel 2016 Healthcare …” on November 02, 2016, also Prnewswire.com with their article: “Triple-S Management Corporation Reports Third Quarter 2016 Results” published on November 03, 2016, Prnewswire.com published: “Triple-S Management Corporation Awarded Four-Star Rating For Its HMO Offerings” on October 13, 2016. More interesting news about Triple-S Management Corp. (NYSE:GTS) were released by: Prnewswire.com and their article: “Triple-S Management Corporation to Present at the 25th Annual Credit Suisse …” published on October 07, 2016 as well as Prnewswire.com‘s news article titled: “Triple-S Management Corporation Announces Management Changes” with publication date: January 08, 2016.

GTS Company Profile

Triple-S Management Corporation, incorporated on October 9, 1996, operates as a managed care company. The Firm offers a range of managed care and related products in the commercial and Medicare markets. The Company’s divisions include Managed Care, Life Insurance, and Property and Casualty Insurance. The Managed Care segment is engaged in the sale of managed care products to the Commercial, Medicare and Medicaid market sectors. The Life Insurance segment offers life and accident and health insurance coverage, and annuity products. The premiums for this segment are mainly subscribed through an internal sales force and a network of independent brokers and agents. The insurance lines of business of Property and Casualty Insurance segment are commercial multiple peril, auto physical damage, auto liability, and dwelling. It also offers complementary services and products, including life insurance, accident and disability insurance, and property and casualty insurance.

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