Accipiter Capital Management Trims Stake in Triple-S Management Corp. (GTS)

Accipiter Capital Management, led by Gabe Hoffman, have decreased their position in Triple-S Management Corp. (NYSE:GTS), a newly amended filing with the SEC showed. The fund disclosed owning around 1.39 million class B shares of the company, versus 1.76 million reported previously. Following the decrease of the stake, Accipiter owns 5.6% of the company’s class B outstanding stock, versus 7.0% held earlier.

Triple-S Management Corp. (NYSE:GTS)

Accipiter had also unloaded shares of Triple-S Management in late November, 2013. The hedge fund had decreased its holding from 2.28 million shares to 1.76 million shares.

With $108.86 million under its equity portfolio, Accipiter Capital Management focuses on Healthcare, Financial and Technology sectors. Apart from Triple-S Management, the fund has substantial holdings in Teva Pharmaceutical Inds Ltd (ADR) (NYSE:TEVA). The fund held 438,000 shares worth $16.55 million in the company at the end of the third quarter of 2013. The fund also held approximately 139,000 shares worth $11.60 million in Wellpoint Inc (NYSE:WLP) as well as 175,000 shares worth $10.79 million in Express Scripts Inc (NASDAQ:ESRX).

Triple-S Management Corp. (NYSE:GTS) provides managed care in Puerto Rico and serves approximately 1.7 million members. The Company is engaged in a wide range of customer segments – from corporate accounts, individuals, local government and federal employees to Medicare and Medicaid recipients apart from offering life insurance, disability and accident insurance as well as property and casualty insurance. The company announced its quarterly results in November, posting operating revenues of 585.90 million for the quarter, slightly above the analysts’ expectations of $ 585.30 million, while its EPS of $0.22 missed the analysts’ expectations of $0.44 by a wide margin. The company had reported EPS of $0.41 for the same quarter of 2012.

Apart from Accipiter Capital Management, Thomas Ellis and Todd Hammer managed North Run Capital held 1.62 million shares worth $29.86 million in the company at the end of the third quarter. Anthony Bozza’s Lakewood Capital Management also held 1.15 million shares worth $21.21 million in the company.

Disclosure: none

Recommended Reading:

Prem Watsa, Fairfax Acquire Some Shares of BlackBerry Ltd (BBRY) for Investment Purposes

Visium Asset Management Ups Stake in Skyrocketing Intercept Pharmaceuticals Inc (ICPT)

Ariel Investments Boosts its Exposure to Rosetta Stone Inc (RST), Spartan Motors Inc (SPAR) and Sigma Designs Inc (SIGM)

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

10 Covers of Popular Songs that are Better than the Originals

Must See TV: The 9 Most Anticipated Shows of 2015

The 15 Biggest Box Office Bombs of All Time

10 Things The World Can’t Stand About Americans

Picture Perfect: The 6 Smartphones with the Best Cameras

The 10 Best Countries To Work In the World

A Profitable Day At The Track: 5 Tips For Betting On Horses

Tearing You Apart: 6 Bad Habits That Ruin Relationships

Learning on the Job: The 6 Biggest Mistakes Parents Make

Shopaholics Rejoice: The 12 Biggest Malls in the World

Fright Night: 10 Horror Movies Based on True Stories

Mach Mania: The 10 Fastest Jets in the World

Military Heavyweights: The 10 Countries with the Most Tanks

All In: The 7 Richest Poker Players in the World

Abracadabra: The 10 Best Magicians in the World

The 10 Richest Asian Countries in the World in 2014

Eyes in the Sky: 10 Things You Need to Know About Drones

Rising Stars: The 6 Best Silicon Valley Startups

Military Muscle: The 5 Most Advanced Armies in South America

All that Glitters: The 7 Most Luxurious Jewelry Brands in the World

5 Things You Didn’t Know About ISIS but Should

Empowering Your Money: The 5 Best Energy Stocks to Invest In

The 11 Best Android Apps You Can’t Get on iOS

The 10 Most Important International Conflicts in 2014

Mood Enhancers: The 20 Most Uplifting Songs of all Time

Lover Beware: The 8 Countries that Cheat the Most

Breath of Fresh Air: The 25 Countries with the Best Air Quality on the Planet

Singles Beware: The 8 Worst Mistakes Made on First Dates

Healthy and Happy: The 10 Countries with Lowest Healthcare Costs

The 6 Best Company Team Building Activities to Build Workplace Camaraderie

Ships Ahoy: The 10 Busiest Shipping Ports in the World

10 Productivity Tips to Save You Time and Help You Do More With Less

Grab a Bite: The Most Popular Fast Food Restaurants in America

Friday Night Thirst: The 10 Most Popular Cocktails in the World

The 6 Greatest Unsolved Mysteries We May Never Figure Out

7 Useless Products You Never Should’ve Bought

The 5 Reasons Why You’re Single and Miserable

The 7 Most Addictive Foods in the World We Can’t Stop Eating (Even Though We Should)

5 Amazing Places You Can Swim with Dolphins

The Top 7 Most Livable Countries In The World

The 10 Most Expensive Baseball Cards Ever Pulled From A Pack

The 5 Easiest Second Languages to Learn for English Speakers

Silver Spoon: The 6 Richest Families in the World

The 20 Countries with the Largest Prison Populations in the World

The Top 10 Richest Actors in the World

The 10 Best Airline Stocks to Invest In Before They Fly Too High

Burger Kings: The 10 Most Expensive Burgers in the World

The 10 Most Ethnically Diverse Countries in the World

The 10 Most Exclusive Credit Cards in the World

The 10 Most Expensive Cruise Ships in the World

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!