Blue Capital Reinsurance Holdings Ltd. (BCRH) Downgraded by Zacks Investment Research to “Strong Sell”

Zacks Investment Research lowered shares of Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) from a hold rating to a strong sell rating in a research report sent to investors on Tuesday morning.

According to Zacks, “Blue Capital Holdings Ltd. is a reinsurance holding company. It offers collateralized reinsurance in the property catastrophe market. Blue Capital Holdings Ltd. is based in Bermuda. “

Several other research analysts have also issued reports on BCRH. Raymond James Financial, Inc. reaffirmed a market perform rating on shares of Blue Capital Reinsurance Holdings in a research report on Wednesday, October 19th. TheStreet lowered Blue Capital Reinsurance Holdings from a buy rating to a hold rating in a research report on Friday, November 25th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $20.33.

Shares of Blue Capital Reinsurance Holdings (NYSE:BCRH) traded down 0.53% on Tuesday, reaching $18.60. The company’s stock had a trading volume of 6,126 shares. The firm has a 50 day moving average price of $18.34 and a 200-day moving average price of $18.04. Blue Capital Reinsurance Holdings has a 12-month low of $16.46 and a 12-month high of $19.51. The stock has a market cap of $162.86 million, a PE ratio of 10.37 and a beta of 0.05.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last released its quarterly earnings results on Monday, October 31st. The company reported $0.38 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. The firm earned $9.90 million during the quarter, compared to analyst estimates of $9.40 million. Blue Capital Reinsurance Holdings had a return on equity of 8.67% and a net margin of 38.29%. The business’s revenue for the quarter was up 7.6% compared to the same quarter last year. During the same period in the previous year, the company posted $0.50 EPS. Equities research analysts expect that Blue Capital Reinsurance Holdings will post $1.42 EPS for the current year.

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A number of hedge funds have recently bought and sold shares of BCRH. California State Teachers Retirement System increased its stake in Blue Capital Reinsurance Holdings by 0.8% in the third quarter. California State Teachers Retirement System now owns 12,483 shares of the company’s stock valued at $229,000 after buying an additional 100 shares during the last quarter. Strs Ohio increased its stake in Blue Capital Reinsurance Holdings by 2.6% in the third quarter. Strs Ohio now owns 19,700 shares of the company’s stock valued at $360,000 after buying an additional 500 shares during the last quarter. Wedge Capital Management L L P NC increased its stake in Blue Capital Reinsurance Holdings by 5.4% in the second quarter. Wedge Capital Management L L P NC now owns 43,000 shares of the company’s stock valued at $796,000 after buying an additional 2,200 shares during the last quarter. Acadian Asset Management LLC increased its stake in Blue Capital Reinsurance Holdings by 9.3% in the second quarter. Acadian Asset Management LLC now owns 31,990 shares of the company’s stock valued at $593,000 after buying an additional 2,735 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Blue Capital Reinsurance Holdings by 2,354.9% in the third quarter. JPMorgan Chase & Co. now owns 6,800 shares of the company’s stock valued at $125,000 after buying an additional 6,523 shares during the last quarter. Institutional investors and hedge funds own 38.69% of the company’s stock.

Blue Capital Reinsurance Holdings Company Profile

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.

5 Day Chart for NYSE:BCRH

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