Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $6.00 and last traded at $6.01, with a volume of 384 shares traded. The stock had previously closed at $6.22.

Several brokerages have recently issued reports on BCRH. ValuEngine downgraded shares of Blue Capital Reinsurance from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Zacks Investment Research downgraded shares of Blue Capital Reinsurance from a “hold” rating to a “sell” rating in a report on Thursday, August 2nd. Finally, Deutsche Bank reduced their price target on shares of Blue Capital Reinsurance from $13.00 to $11.00 and set a “hold” rating for the company in a report on Tuesday, October 30th. Two analysts have rated the stock with a sell rating and two have given a hold rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $11.00.

The firm has a market cap of $56.81 million, a PE ratio of -1.22 and a beta of 0.29.

Blue Capital Reinsurance (NYSE:BCRH) last announced its quarterly earnings results on Monday, October 29th. The insurance provider reported ($0.76) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.01 by ($0.77). Blue Capital Reinsurance had a negative net margin of 11.25% and a negative return on equity of 3.01%. The firm had revenue of $7.10 million for the quarter, compared to analyst estimates of $10.10 million. As a group, equities research analysts anticipate that Blue Capital Reinsurance Holdings Ltd will post -0.5 EPS for the current year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Cornerstone Wealth Management LLC bought a new stake in shares of Blue Capital Reinsurance during the second quarter valued at about $872,000. Renaissance Technologies LLC raised its stake in shares of Blue Capital Reinsurance by 12.5% during the second quarter. Renaissance Technologies LLC now owns 150,100 shares of the insurance provider’s stock valued at $1,659,000 after purchasing an additional 16,700 shares in the last quarter. LMR Partners LLP bought a new stake in shares of Blue Capital Reinsurance during the second quarter valued at about $225,000. Paloma Partners Management Co bought a new stake in shares of Blue Capital Reinsurance during the second quarter valued at about $317,000. Finally, Dimensional Fund Advisors LP raised its stake in shares of Blue Capital Reinsurance by 19.9% during the third quarter. Dimensional Fund Advisors LP now owns 214,184 shares of the insurance provider’s stock valued at $2,185,000 after purchasing an additional 35,497 shares in the last quarter. 45.42% of the stock is owned by institutional investors.

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Blue Capital Reinsurance Company Profile (NYSE:BCRH)

Blue Capital Reinsurance Holdings Ltd., through its subsidiaries, provides collateralized reinsurance in the property catastrophe market in the United States and internationally. It also invests in various insurance-linked securities. The company was founded in 2013 and is headquartered in Pembroke, Bermuda.

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