Rating To Observe: Is Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) a Sell? How Analyst Rate it? Why UBS Downgraded The Stock

November 23, 2016 - By Winifred Garcia

Rating To Observe:  Is Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) a Sell? How Analyst Rate it? Why UBS Downgraded The Stock

Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) Downgrade

In a a research report sent to investors and clients on Wednesday, 23 November, UBS stated it was downgrading Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) stock from a “Buy” to a “Sell”. The firm has a $17.00 target price on BCRH’s stock.

About 43,449 shares traded hands or 89.55% up from the average. Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) has risen 8.22% since April 21, 2016 and is uptrending. It has outperformed by 2.89% the S&P500.

Insitutional Activity: The institutional sentiment increased to 2.83 in Q2 2016. Its up 0.95, from 1.88 in 2016Q1. The ratio increased, as 9 funds sold all Blue Capital Reinsurance Holdings Ltd shares owned while 8 reduced positions. 18 funds bought stakes while 14 increased positions. They now own 3.18 million shares or 11.40% more from 2.85 million shares in 2016Q1.

Pine River Mngmt Lp owns 90,571 shares or 0.02% of their US portfolio. Balyasny Asset Mgmt Ltd Co holds 0.01% or 98,955 shares in its portfolio. Wedge Capital Mngmt L L P Nc has 0.01% invested in the company for 43,000 shares. Blackrock Limited Liability, a Delaware-based fund reported 2,837 shares. The Illinois-based Northern Tru has invested 0% in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH). Cornercap Counsel Inc has 27,290 shares for 0.1% of their US portfolio. Bank & Trust Of Ny Mellon Corporation last reported 0% of its portfolio in the stock. Citigroup Inc accumulated 0% or 587 shares. Jpmorgan Chase holds 277 shares or 0% of its portfolio. Wells Fargo & Mn accumulated 2,400 shares or 0% of the stock. Blackrock has invested 0% of its portfolio in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH). Moreover, Donald Smith Inc has 0.33% invested in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) for 658,744 shares. Blackrock Institutional Tru Co Na holds 0% or 50,365 shares in its portfolio. Groesbeck Inv Mgmt Nj last reported 236,771 shares in the company. Amer International Gru holds 3,400 shares or 0% of its portfolio.

Blue Capital Reinsurance Holdings Ltd. provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The company has a market cap of $157.15 million. The Firm conducts its activities through its subsidiaries, including Blue Capital Re Ltd. , which provides collateralized reinsurance, and Blue Capital Re ILS Ltd. (Blue Capital Re ILS), which conducts hedging and other investment activities. It has a 9.98 P/E ratio. Blue Capital Re provides reinsurance to third-party insurance and reinsurance companies through reinsurance contracts, either directly with the cedant or on a fronted basis.

According to Zacks Investment Research, “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.”

BCRH Company Profile

Blue Capital Reinsurance Holdings Ltd., incorporated on June 24, 2013, provides collateralized reinsurance in the property catastrophe market and invests in various insurance-linked securities. The Firm conducts its activities through its subsidiaries, including Blue Capital Re Ltd. (Blue Capital Re), which provides collateralized reinsurance, and Blue Capital Re ILS Ltd. (Blue Capital Re ILS), which conducts hedging and other investment activities.

More recent Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) news were published by: Reuters.com which released: “BRIEF-Blue Capital Reinsurance Holdings comments on Endurance acquisition” on October 06, 2016. Also Marketwatch.com published the news titled: “Blue Capital Reinsurance downgraded to market perform from outperform at …” on November 20, 2013. Nasdaq.com‘s news article titled: “Blue Capital Reinsurance Holdings Reports Third Quarter 2016 Financial Results” with publication date: October 31, 2016 was also an interesting one.

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