The Q2 2017 EPS Estimates for Greenlight Capital Re, Ltd. Reduced by Langen Mcalenn (GLRE)

The Q2 2017 EPS Estimates for Greenlight Capital Re, Ltd. Reduced by Langen Mcalenn (GLRE)

Greenlight Capital Re, Ltd. (NASDAQ:GLRE) – Equities research analysts at Langen Mcalenn cut their Q2 2017 earnings per share estimates for shares of Greenlight Capital Re in a research report issued to clients and investors on Thursday. Langen Mcalenn analyst R. Glasspiegel now anticipates that the financial services provider will post earnings of ($0.96) per share for the quarter, down from their previous forecast of $0.19. Langen Mcalenn also issued estimates for Greenlight Capital Re’s Q3 2017 earnings at $0.51 EPS, Q4 2017 earnings at $0.62 EPS, FY2017 earnings at $0.40 EPS, Q1 2018 earnings at $0.62 EPS, Q2 2018 earnings at $0.63 EPS and FY2018 earnings at $2.30 EPS.

A number of other research firms have also recently weighed in on GLRE. Zacks Investment Research cut shares of Greenlight Capital Re from a “hold” rating to a “strong sell” rating in a research note on Tuesday, February 28th. TheStreet upgraded shares of Greenlight Capital Re from a “c-” rating to a “b-” rating in a research note on Thursday, March 16th. Greenlight Capital Re (GLRE) opened at 20.45 on Monday. Greenlight Capital Re has a one year low of $18.79 and a one year high of $24.10. The company has a market capitalization of $765.61 million, a PE ratio of 31.51 and a beta of 0.66. The stock’s 50 day moving average is $20.84 and its 200 day moving average is $22.25.

Hedge funds have recently made changes to their positions in the stock. Two Sigma Investments LP acquired a new stake in shares of Greenlight Capital Re during the fourth quarter worth approximately $1,947,000. Dimensional Fund Advisors LP boosted its stake in shares of Greenlight Capital Re by 6.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,635,474 shares of the financial services provider’s stock worth $37,289,000 after buying an additional 105,305 shares during the last quarter. CWA Asset Management Group LLC boosted its stake in shares of Greenlight Capital Re by 14.8% in the fourth quarter. CWA Asset Management Group LLC now owns 52,063 shares of the financial services provider’s stock worth $1,187,000 after buying an additional 6,709 shares during the last quarter. State Street Corp boosted its stake in shares of Greenlight Capital Re by 9.7% in the fourth quarter. State Street Corp now owns 631,636 shares of the financial services provider’s stock worth $14,398,000 after buying an additional 55,606 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its stake in shares of Greenlight Capital Re by 247.2% in the fourth quarter. Renaissance Technologies LLC now owns 174,284 shares of the financial services provider’s stock worth $3,974,000 after buying an additional 124,084 shares during the last quarter. Institutional investors own 43.47% of the company’s stock. About Greenlight Capital Re

Greenlight Capital Re, Ltd. is a holding company. The Company analyzes its underwriting operations using two categories: frequency business, which is characterized as contracts containing a number of small losses emanating from multiple events, and severity business, which is characterized as contracts with the potential for significant losses emanating from one event or multiple events.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:GLRE”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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