The stock of Oxbridge Re Holdings Ltd. (NASDAQ:OXBR) reached all time low today, Oct, 7 and still has $4.34 target or 10.00% below today’s $4.82 share price. This indicates more downside for the $27.05 million company. This technical setup was reported by Barchart.com. If the $4.34 PT is reached, the company will be worth $2.71M less.
Trading stocks at an all time low is not easy. Stock at an all time low usually experience even more downside due to very negative fundament. Even thought the pullback rate is high, shorting is not an easy job because the risk of being wrong is big and the risk-reward ratio is always worse than if trading lon only. About 72,657 shares traded hands or 176.66% up from the average. Oxbridge Re Holdings Ltd. (NASDAQ:OXBR) has declined 14.34% since March 4, 2016 and is downtrending. It has underperformed by 22.38% the S&P500.
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 dropped, 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.
Morgan Stanley has invested 0% of its portfolio in Oxbridge Re Holdings Ltd. (NASDAQ:OXBR). Blackrock Invest Mgmt Lc accumulated 718 shares or 0% of the stock. Moreover, Tower Research Cap Ltd Liability Co (Trc) has 0% invested in Oxbridge Re Holdings Ltd. (NASDAQ:OXBR) for 8 shares. Lsv Asset Mgmt accumulated 21,300 shares or 0% of the stock. Creative Planning holds 12,260 shares or 0% of its portfolio. National Bank & Trust Of America Corporation De has invested 0% of its portfolio in Oxbridge Re Holdings Ltd. (NASDAQ:OXBR). Cutler Cap Management Ltd Liability owns 120,000 shares or 0.17% of their US portfolio. Hilton, a New York-based fund reported 19,750 shares. Jaffetilchin Prtnrs Ltd holds 24,090 shares or 0.04% of its portfolio.
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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