Oxbridge Re (NASDAQ:OXBR) Earns Hold Rating from Analysts at StockNews.com

StockNews.com began coverage on shares of Oxbridge Re (NASDAQ:OXBRGet Rating) in a report released on Thursday morning. The brokerage issued a hold rating on the insurance provider’s stock.

Separately, TheStreet downgraded Oxbridge Re from a c rating to a d rating in a report on Thursday, December 1st.

Oxbridge Re Trading Down 3.3 %

OXBR stock opened at $1.74 on Thursday. The company has a market capitalization of $10.06 million, a P/E ratio of -10.88 and a beta of 1.36. Oxbridge Re has a twelve month low of $1.07 and a twelve month high of $7.03. The business has a 50 day simple moving average of $2.13 and a 200-day simple moving average of $2.02.

Institutional Investors Weigh In On Oxbridge Re

An institutional investor recently raised its position in Oxbridge Re stock. Renaissance Technologies LLC increased its stake in shares of Oxbridge Re Holdings Limited (NASDAQ:OXBRGet Rating) by 49.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,900 shares of the insurance provider’s stock after purchasing an additional 10,900 shares during the quarter. Renaissance Technologies LLC owned 0.57% of Oxbridge Re worth $70,000 as of its most recent SEC filing. Institutional investors and hedge funds own 8.39% of the company’s stock.

Oxbridge Re Company Profile

(Get Rating)

Oxbridge Re Holdings Ltd. engages in the provision of property and casualty reinsurance in the Gulf Coast region of the United States. Through its subsidiaries, it fully collateralizes policies to cover property losses from specified catastrophes. The company was founded by Sanjay Madhu on April 4, 2013 and is headquartered in George Town, Cayman Islands.

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