Blue Capital Reinsurance (NYSE:BCRH) was downgraded by investment analysts at TheStreet from a “c+” rating to a “d+” rating in a research report issued to clients and investors on Thursday.

A number of other brokerages have also recently commented on BCRH. ValuEngine raised shares of Blue Capital Reinsurance from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Raymond James Financial reaffirmed an “underperform” rating on shares of Blue Capital Reinsurance in a research report on Friday, October 13th. Zacks Investment Research cut shares of Blue Capital Reinsurance from a “hold” rating to a “sell” rating in a research report on Tuesday, October 10th. Deutsche Bank cut shares of Blue Capital Reinsurance from a “buy” rating to a “hold” rating and cut their price target for the company from $21.00 to $18.00 in a research report on Monday, October 16th. Finally, Jefferies Group cut shares of Blue Capital Reinsurance to a “hold” rating in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $18.00.

Shares of Blue Capital Reinsurance (NYSE:BCRH) opened at $12.25 on Thursday. Blue Capital Reinsurance has a one year low of $11.80 and a one year high of $20.83.

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

Several hedge funds and other institutional investors have recently made changes to their positions in BCRH. Bedell Frazier Investment Counseling LLC acquired a new position in shares of Blue Capital Reinsurance during the third quarter valued at about $1,522,000. Aberdeen Asset Management PLC UK raised its holdings in shares of Blue Capital Reinsurance 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 acquiring an additional 68,414 shares during the last quarter. Foundry Partners LLC acquired a new stake in shares of Blue Capital Reinsurance in the 2nd quarter worth about $1,023,000. Royce & Associates LP raised its holdings in shares of Blue Capital Reinsurance 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 acquiring an additional 46,100 shares during the last quarter. Finally, Dimensional Fund Advisors LP acquired a new stake in shares of Blue Capital Reinsurance in the 3rd quarter worth about $736,000. Hedge funds and other institutional investors own 48.71% of the company’s stock.

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Blue Capital Reinsurance 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.

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