Blue Capital Reinsurance Holdings Ltd. (NYSE:BCRH) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a note issued to investors on Tuesday.

Several other research analysts also recently commented on the stock. Deutsche Bank AG downgraded shares of Blue Capital Reinsurance Holdings from a “buy” rating to a “hold” rating and cut their price objective for the stock from $21.00 to $18.00 in a report on Monday. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Blue Capital Reinsurance Holdings in a report on Friday. Finally, Zacks Investment Research downgraded shares of Blue Capital Reinsurance Holdings from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Three analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.00.

Blue Capital Reinsurance Holdings (NYSE:BCRH) traded down 3.43% during midday trading on Tuesday, hitting $15.50. 83,917 shares of the stock were exchanged. The firm has a market capitalization of $135.80 million, a P/E ratio of 8.43 and a beta of 0.07. The firm’s 50-day moving average price is $16.92 and its 200 day moving average price is $18.43. Blue Capital Reinsurance Holdings has a 1-year low of $13.75 and a 1-year high of $20.83.

Blue Capital Reinsurance Holdings (NYSE:BCRH) last released its quarterly earnings data on Monday, July 31st. The insurance provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The company had revenue of $10.30 million during the quarter, compared to the consensus estimate of $11.09 million. Blue Capital Reinsurance Holdings had a net margin of 38.93% and a return on equity of 8.84%. Blue Capital Reinsurance Holdings’s revenue for the quarter was down 8.8% on a year-over-year basis. During the same period last year, the firm earned $0.22 EPS. Analysts expect that Blue Capital Reinsurance Holdings will post ($1.03) earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of BCRH. US Bancorp DE lifted its stake in Blue Capital Reinsurance Holdings by 393.3% in the 2nd quarter. US Bancorp DE now owns 7,400 shares of the insurance provider’s stock worth $135,000 after purchasing an additional 5,900 shares in the last quarter. Teachers Advisors LLC lifted its stake in Blue Capital Reinsurance Holdings by 14.2% in the 4th quarter. Teachers Advisors LLC now owns 11,138 shares of the insurance provider’s stock worth $205,000 after purchasing an additional 1,386 shares in the last quarter. Oxford Asset Management purchased a new stake in Blue Capital Reinsurance Holdings in the 1st quarter worth approximately $225,000. Royal Bank of Canada lifted 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 in the last quarter. Finally, Wells Fargo & Company MN lifted its stake in Blue Capital Reinsurance Holdings by 242.7% in the 1st quarter. Wells Fargo & Company MN now owns 15,110 shares of the insurance provider’s stock worth $292,000 after purchasing an additional 10,701 shares in the last quarter. Institutional investors and hedge funds own 40.12% of the company’s stock.

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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