The stock of Oxbridge Re Holdings Ltd. (NASDAQ:OXBR) is a huge mover today! About 85,729 shares traded hands or 266.91% up from the average. Oxbridge Re Holdings Ltd. (NASDAQ:OXBR) has declined 1.99% since March 3, 2016 and is downtrending. It has underperformed by 10.33% the S&P500.
The move comes after 7 months negative chart setup for the $29.76 million company. It was reported on Oct, 6 by Barchart.com. We have $3.99 PT which if reached, will make NASDAQ:OXBR worth $3.57M less.
Analysts await Oxbridge Re Holdings Ltd. (NASDAQ:OXBR) to report earnings on November, 9.
According to Zacks Investment Research, “Oxbridge Re Holdings Ltd. is a reinsurance holding company. It provides reinsurance business solutions primarily to property and casualty insurers in the Gulf Coast region of the United States. Through its wholly owned reinsurance subsidiary, Oxbridge Reinsurance Limited, it writes fully collateralized policies to cover property losses from specified catastrophes. Oxbridge Re Holdings Ltd. is based in Cayman Islands.”
Insitutional Activity: The institutional sentiment decreased to 1 in 2016 Q2. Its down 1.00, from 2 in 2016Q1. The ratio dived, as 1 funds sold all Oxbridge Re Holdings Ltd. shares owned while 1 reduced positions. 1 funds bought stakes while 1 increased positions. They now own 202,251 shares or 1.66% less from 205,658 shares in 2016Q1.
Cutler Capital Mgmt Lc accumulated 120,000 shares or 0.17% of the stock. Tower Capital Ltd Company (Trc) holds 0% of its portfolio in Oxbridge Re Holdings Ltd. (NASDAQ:OXBR) for 8 shares. The Illinois-based Lsv Asset Management has invested 0% in Oxbridge Re Holdings Ltd. (NASDAQ:OXBR). Natl Bank Of America Corp De reported 25 shares or 0% of all its holdings. Moreover, Morgan Stanley has 0% invested in Oxbridge Re Holdings Ltd. (NASDAQ:OXBR) for 4,100 shares. Jaffetilchin Prtn Lc reported 24,090 shares or 0.04% of all its holdings. Blackrock Invest Mngmt Ltd Company accumulated 718 shares or 0% of the stock. Creative Planning accumulated 12,260 shares or 0% of the stock. The New York-based Hilton Capital Lc has invested 0.03% in Oxbridge Re Holdings Ltd. (NASDAQ:OXBR).
More recent Oxbridge Re Holdings Ltd. (NASDAQ:OXBR) news were published by: Businesswire.com which released: “Oxbridge Re Holdings Limited Announces Closing of Initial Public Offering” on March 26, 2014. Also Businesswire.com published the news titled: “Oxbridge Re Holdings Limited to Ring the NASDAQ Stock Market Opening Bell” on April 14, 2014. Bizjournals.com‘s news article titled: “Reinsurance firm with Tampa ties prepares to go public” with publication date: March 17, 2014 was also an interesting one.
OXBR Company Profile
Oxbridge Re Holdings Limited, incorporated on April 4, 2013, is a specialty property and casualty reinsurer. The Firm provides reinsurance solutions through its subsidiary, Oxbridge Reinsurance Limited. The Firm focuses on underwriting fully collateralized reinsurance contracts primarily for property and casualty insurance companies in the Gulf Coast region of the United States, with an emphasis on Florida. It owns approximately 100% of the equity interest in Oxbridge Reinsurance Limited (the Subsidiary). The Firm operates through the Subsidiary, which provides collateralized reinsurance to cover excess of loss catastrophe risks of various affiliated and non-affiliated ceding insurers, including Claddaugh Casualty Insurance Company, Ltd. (Claddaugh) and Homeowners Choice Property & Casualty Insurance Company (HCPCI), which are related-party entities domiciled in Bermuda and Florida. It specializes in underwriting medium frequency, high severity risks.
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