The stock of Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) gapped down by $0.04 today and has $16.12 target or 12.00% below today’s $18.32 share price. The 5 months technical chart setup indicates high risk for the $157.53 million company. The gap down was reported on Oct, 1 by Barchart.com. If the $16.12 price target is reached, the company will be worth $18.90M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. The stock decreased 1.29% or $0.24 on September 30, hitting $18.32. About 18,266 shares traded hands or 1.36% up from the average. Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) has risen 1.78% since February 29, 2016 and is uptrending. It has underperformed by 8.65% the S&P500.
Analysts await Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) to report earnings on November, 7. They expect $0.21 EPS, down 58.00% or $0.29 from last year’s $0.5 per share. BCRH’s profit will be $1.81 million for 21.81 P/E if the $0.21 EPS becomes a reality. After $0.22 actual EPS reported by Blue Capital Reinsurance Holdings Ltd for the previous quarter, Wall Street now forecasts -4.55% negative EPS growth.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.88 in Q2 2016. Its down 0.68, from 2.56 in 2016Q1. The ratio worsened, 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.
Acadian Asset Mngmt Limited Co owns 31,990 shares or 0% of their US portfolio. Morgan Stanley holds 13,320 shares or 0% of its portfolio. Tower Capital Limited Liability Corporation (Trc) owns 2,827 shares or 0% of their US portfolio. Teachers Advisors Incorporated holds 9,752 shares or 0% of its portfolio. Citigroup Incorporated has 587 shares for 0% of their US portfolio. California Employees Retirement System accumulated 0% or 18,700 shares. Sei Invests Comm accumulated 0% or 257 shares. Natl Bank Of New York Mellon Corporation last reported 0% of its portfolio in the stock. Geode Management Ltd accumulated 29,705 shares or 0% of the stock. The California-based Globeflex Capital L P has invested 0% in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH). Clear Harbor Asset Management Limited Liability Corporation holds 16,008 shares or 0.06% of its portfolio. Raymond James And Assocs accumulated 0% or 13,137 shares. Bridgeway Cap has 0.01% invested in the company for 23,300 shares. Blackrock Investment Mgmt accumulated 0% or 25,175 shares. Northern Trust Corp holds 0% of its portfolio in Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) for 20,464 shares.
More news for Blue Capital Reinsurance Holdings Ltd (NYSE:BCRH) were recently published by: Nasdaq.com, which released: “Blue Capital Reinsurance Holdings Ltd. (BCRH) Ex-Dividend Date Scheduled for …” on September 27, 2016. Reuters.com‘s article titled: “BRIEF-REG-Blue Capital reinsurance holdings reports Q2 2016 financial resu…” and published on August 01, 2016 is yet another important article.
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.
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