Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH)’s share price hit a new 52-week low on Monday . The company traded as low as $12.50 and last traded at $12.65, with a volume of 36100 shares changing hands. The stock had previously closed at $13.05.

A number of brokerages recently weighed in on BCRH. Zacks Investment Research cut Blue Capital Reinsurance Holdings from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. ValuEngine raised Blue Capital Reinsurance Holdings from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. TheStreet cut Blue Capital Reinsurance Holdings from a “b-” rating to a “c+” rating in a report on Friday, October 27th. Deutsche Bank AG cut Blue Capital Reinsurance Holdings from a “buy” rating to a “hold” rating and decreased their price objective for the company from $21.00 to $18.00 in a report on Monday, October 16th. Finally, Raymond James Financial, Inc. reissued an “underperform” rating on shares of Blue Capital Reinsurance Holdings in a report on Friday, October 13th. Three research analysts have rated the stock with a sell rating and two have issued a hold rating to the company’s stock. The stock has an average rating of “Sell” and an average price target of $18.00.

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

A number of institutional investors have recently made changes to their positions in the business. Bessemer Group Inc. increased its stake in Blue Capital Reinsurance Holdings by 0.5% in the 2nd quarter. Bessemer Group Inc. now owns 18,500 shares of the insurance provider’s stock worth $339,000 after purchasing an additional 100 shares during the period. Bank of New York Mellon Corp increased its stake in Blue Capital Reinsurance Holdings by 1.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 19,445 shares of the insurance provider’s stock worth $356,000 after purchasing an additional 194 shares during the period. Royal Bank of Canada increased its stake in Blue Capital Reinsurance Holdings by 1.5% in the 2nd quarter. Royal Bank of Canada now owns 14,697 shares of the insurance provider’s stock worth $269,000 after purchasing an additional 217 shares during the period. Teachers Advisors LLC increased its stake in Blue Capital Reinsurance Holdings by 3.4% in the 2nd quarter. Teachers Advisors LLC now owns 11,514 shares of the insurance provider’s stock worth $211,000 after purchasing an additional 376 shares during the period. Finally, Clear Harbor Asset Management LLC increased its stake in Blue Capital Reinsurance Holdings by 1.8% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 28,489 shares of the insurance provider’s stock worth $528,000 after purchasing an additional 505 shares during the period. 41.04% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “Blue Capital Reinsurance Holdings Ltd. (BCRH) Sets New 1-Year Low at $12.50” was published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another site, it was copied illegally and republished in violation of U.S. and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://www.thecerbatgem.com/2017/11/13/blue-capital-reinsurance-holdings-ltd-bcrh-sets-new-1-year-low-at-12-50.html.

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.

Receive News & Stock Ratings for Blue Capital Reinsurance Holdings Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Blue Capital Reinsurance Holdings Ltd. and related stocks with our FREE daily email newsletter.