Blue Capital Reinsurance (NYSE:BCRH) was downgraded by Zacks Investment Research from a “hold” rating to a “strong sell” rating in a research report issued on Tuesday.

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. “

A number of other equities research analysts have also recently commented on the company. Raymond James Financial reiterated an “underperform” rating on shares of Blue Capital Reinsurance in a report on Friday, October 13th. ValuEngine cut Blue Capital Reinsurance from a “buy” rating to a “hold” rating in a report on Thursday, September 7th. Deutsche Bank cut Blue Capital Reinsurance from a “buy” rating to a “hold” rating and lowered their target price for the company from $21.00 to $18.00 in a report on Monday, October 16th. TheStreet cut Blue Capital Reinsurance from a “b-” rating to a “c+” rating in a report on Friday, October 27th. Finally, Jefferies Group cut Blue Capital Reinsurance to a “hold” rating in a report on Wednesday, November 29th. Two investment analysts have rated the stock with a sell rating and three have issued a hold rating to the company. Blue Capital Reinsurance has an average rating of “Hold” and a consensus price target of $18.00.

Shares of Blue Capital Reinsurance (NYSE BCRH) traded up $0.05 during trading hours on Tuesday, reaching $12.10. The company’s stock had a trading volume of 33,200 shares, compared to its average volume of 33,950. The firm has a market cap of $105.57, a PE ratio of -2.70 and a beta of -0.05. Blue Capital Reinsurance has a 52-week low of $11.70 and a 52-week high of $20.83.

Blue Capital Reinsurance (NYSE:BCRH) last announced its earnings results on Monday, October 30th. The insurance provider reported ($5.93) EPS for the quarter, missing analysts’ consensus estimates of ($5.89) by ($0.04). The company had revenue of $19.10 million for the quarter, compared to analyst estimates of $12.31 million. Blue Capital Reinsurance had a negative net margin of 77.93% and a negative return on equity of 23.35%. Blue Capital Reinsurance’s quarterly revenue was up 92.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.38 EPS. equities research analysts anticipate that Blue Capital Reinsurance will post -4.4 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the company. Teachers Advisors LLC boosted its holdings in shares of Blue Capital Reinsurance by 3.4% during the second 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 last quarter. Royal Bank of Canada boosted its holdings in shares of Blue Capital Reinsurance by 1.5% during the second 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 last quarter. Macquarie Group Ltd. acquired a new stake in shares of Blue Capital Reinsurance during the third quarter worth $276,000. Bank of New York Mellon Corp boosted its holdings in shares of Blue Capital Reinsurance by 1.0% during the second 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 last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Blue Capital Reinsurance by 52.4% during the second quarter. Wells Fargo & Company MN now owns 23,023 shares of the insurance provider’s stock worth $420,000 after purchasing an additional 7,913 shares during the last quarter. Institutional investors and hedge funds own 43.53% of the company’s stock.

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About Blue Capital Reinsurance

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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