Blue Capital Reinsurance Holdings Ltd. (BCRH) Downgraded to “C+” at TheStreet

TheStreet lowered shares of Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) from a b- rating to a c+ rating in a research report released on Friday, October 27th.

A number of other research firms also recently issued reports on BCRH. ValuEngine upgraded shares of Blue Capital Reinsurance Holdings from a hold rating to a buy rating in a report on Monday, October 2nd. Raymond James Financial, Inc. reaffirmed an underperform rating on shares of Blue Capital Reinsurance Holdings in a research note on Friday, October 13th. Zacks Investment Research lowered shares of Blue Capital Reinsurance Holdings from a hold rating to a sell rating in a research report on Tuesday, October 10th. Finally, Deutsche Bank AG lowered shares of Blue Capital Reinsurance Holdings from a buy rating to a hold rating and dropped their target price for the company from $21.00 to $18.00 in a research report on Monday, October 16th. Three research analysts have rated the stock with a sell rating and two have assigned a hold rating to the company. The stock has an average rating of Sell and an average price target of $18.00.

Blue Capital Reinsurance Holdings (BCRH) opened at $12.30 on Friday. Blue Capital Reinsurance Holdings has a 12 month low of $12.00 and a 12 month high of $20.83.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last released its quarterly earnings results on Monday, October 30th. The insurance provider reported ($5.93) earnings per share for the quarter, missing analysts’ consensus estimates of ($5.89) by ($0.04). Blue Capital Reinsurance Holdings had a negative net margin of 77.93% and a negative return on equity of 23.35%. The firm had revenue of $19.10 million for the quarter, compared to the consensus estimate of $12.31 million. During the same period in the previous year, the business earned $0.38 earnings per share. The firm’s revenue for the quarter was up 92.9% on a year-over-year basis. equities analysts anticipate that Blue Capital Reinsurance Holdings will post -4.4 earnings per share for the current year.

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A number of institutional investors have recently modified their holdings of BCRH. Bedell Frazier Investment Counseling LLC purchased a new position in Blue Capital Reinsurance Holdings during the 3rd quarter valued at $1,522,000. Aberdeen Asset Management PLC UK grew its position in shares of Blue Capital Reinsurance Holdings by 17.6% in the 2nd quarter. Aberdeen Asset Management PLC UK now owns 457,513 shares of the insurance provider’s stock worth $8,372,000 after buying an additional 68,414 shares during the period. Foundry Partners LLC purchased a new stake in shares of Blue Capital Reinsurance Holdings in the 2nd quarter worth about $1,023,000. Royce & Associates LP grew its position in shares of Blue Capital Reinsurance Holdings by 40.0% in the 3rd quarter. Royce & Associates LP now owns 161,392 shares of the insurance provider’s stock worth $2,655,000 after buying an additional 46,100 shares during the period. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Blue Capital Reinsurance Holdings in the 3rd quarter worth about $736,000. 41.04% of the stock is currently owned by institutional investors and hedge funds.

About Blue Capital Reinsurance Holdings

Blue Capital Reinsurance Holdings Ltd. provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The Company conducts its operations through its subsidiaries, including Blue Capital Re Ltd. (Blue Capital Re), which provides collateralized reinsurance, and Blue Capital Re ILS Ltd.

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