Pzena Investment Management Llc Decreased Triple (NYSE:GTS) Stake By $12.87 Million

August 12, 2018 - By Russell Jones

Investors sentiment decreased to 0.93 in Q1 2018. Its down 0.40, from 1.33 in 2017Q4. It fall, as 11 investors sold GTS shares while 44 reduced holdings. 19 funds opened positions while 32 raised stakes. 19.57 million shares or 1.78% less from 19.93 million shares in 2017Q4 were reported. Acadian Asset Management Limited Company accumulated 487,041 shares. Bowling Portfolio Mgmt Llc invested 0.29% of its portfolio in Triple-S Management Corporation (NYSE:GTS). Citigroup Inc invested in 4,936 shares or 0% of the stock. Metropolitan Life Ins Company Ny reported 0% of its portfolio in Triple-S Management Corporation (NYSE:GTS). Nordea Ab reported 241,000 shares. Macquarie Gru reported 0% of its portfolio in Triple-S Management Corporation (NYSE:GTS). 4,029 are owned by Legal And General Gp Public Limited Com. Citadel Llc owns 81,579 shares or 0% of their US portfolio. Clarivest Asset Mgmt Lc holds 0.15% or 337,114 shares. Bnp Paribas Arbitrage reported 4,819 shares. Wells Fargo & Mn accumulated 12,700 shares or 0% of the stock. Schroder Inv Mngmt owns 0.01% invested in Triple-S Management Corporation (NYSE:GTS) for 116,300 shares. Eqis Capital Management Inc holds 0.01% or 10,139 shares in its portfolio. Financial Bank Of Mellon Corp invested in 149,498 shares or 0% of the stock. Germany-based Deutsche Fincl Bank Ag has invested 0% in Triple-S Management Corporation (NYSE:GTS).

Since June 4, 2018, it had 0 buys, and 2 sales for $51,480 activity. $36,800 worth of Triple-S Management Corporation (NYSE:GTS) shares were sold by Carrion Arturo.

Pzena Investment Management Llc decreased its stake in Triple (NYSE:GTS) by 19.68% based on its latest 2018Q2 regulatory filing with the SEC. Pzena Investment Management Llc sold 329,905 shares as the company’s stock rose 46.22% while stock markets declined. The hedge fund held 1.35M shares of the accident &health insurance company at the end of 2018Q2, valued at $52.59 million, down from 1.68M at the end of the previous reported quarter. Pzena Investment Management Llc who had been investing in Triple for a number of months, seems to be less bullish one the $569.56M market cap company. The stock decreased 3.20% or $0.81 during the last trading session, reaching $24.48. About 164,121 shares traded. Triple-S Management Corporation (NYSE:GTS) has risen 123.17% since August 13, 2017 and is uptrending. It has outperformed by 110.60% the S&P500.

Pzena Investment Management Llc, which manages about $24.64 billion and $19.89 billion US Long portfolio, upped its stake in Ryder System Inc. (NYSE:R) by 427,482 shares to 2.09M shares, valued at $149.92 million in 2018Q2, according to the filing.

The focus of the firm Pzena Investment Management is on value investing. It was created in 1996 by Richard S Pzena. The firm has offices in Melbourne, Australia and New York City. Pzena Investment Management Llc is a New York-based hedge fund that was founded by Richard S. Pzena. It had more than $24.64 billion assets under management in March, 2014. Taken from Pzena Investment Management latest Adv, the fund reported to have 75 full and part-time employees. Among which 33 performing investment advisory and research functions. The hedge fund had more than 300 clients.

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 has market cap of $569.56 million. The firm operates through three divisions: Managed Care, Life Insurance, and Property and Casualty Insurance. It has a 50.89 P/E ratio. It offers various managed care products, including health maintenance organization plans; preferred well-known provider organization plans; BlueCard program; Medicare Supplement products; Medicare Advantage products; Medicaid plans; and claims processing and other administrative services.

More recent Triple-S Management Corporation (NYSE:GTS) news were published by: Benzinga.com which released: “75 Biggest Movers From Yesterday” on August 03, 2018. Also Seekingalpha.com published the news titled: “Triple-S Management dives after Q2 assesses Hurricane Maria damage” on August 02, 2018. Benzinga.com‘s news article titled: “65 Stocks Moving In Thursday’s Mid-Day Session” with publication date: August 02, 2018 was also an interesting one.

Triple-S Management Corporation (NYSE:GTS) Institutional Positions Chart

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