Geode Capital Management LLC Decreases Position in Greenlight Capital Re, Ltd. (NASDAQ:GLRE)

Geode Capital Management LLC decreased its holdings in Greenlight Capital Re, Ltd. (NASDAQ:GLRE) by 1.4% in the third quarter, Holdings Channel reports. The firm owned 617,239 shares of the financial services provider’s stock after selling 8,587 shares during the period. Geode Capital Management LLC’s holdings in Greenlight Capital Re were worth $8,427,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Barclays PLC grew its stake in shares of Greenlight Capital Re by 275.5% during the third quarter. Barclays PLC now owns 36,077 shares of the financial services provider’s stock worth $493,000 after acquiring an additional 26,468 shares during the last quarter. State Street Corp boosted its stake in Greenlight Capital Re by 1.1% in the 3rd quarter. State Street Corp now owns 575,930 shares of the financial services provider’s stock worth $7,861,000 after purchasing an additional 6,319 shares in the last quarter. Centiva Capital LP purchased a new stake in Greenlight Capital Re during the 3rd quarter worth approximately $139,000. PDT Partners LLC acquired a new position in Greenlight Capital Re during the 3rd quarter valued at approximately $294,000. Finally, Martingale Asset Management L P raised its holdings in shares of Greenlight Capital Re by 5.0% in the third quarter. Martingale Asset Management L P now owns 29,665 shares of the financial services provider’s stock worth $405,000 after buying an additional 1,422 shares during the last quarter. 41.52% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Greenlight Capital Re from a “hold” rating to a “buy” rating in a report on Friday, November 8th.

Greenlight Capital Re Stock Down 2.1 %

Greenlight Capital Re stock opened at $13.71 on Friday. The business’s 50-day simple moving average is $14.39 and its two-hundred day simple moving average is $13.71. The company has a debt-to-equity ratio of 0.09, a quick ratio of 3.02 and a current ratio of 3.02. The company has a market cap of $477.55 million, a PE ratio of 5.44 and a beta of 0.88. Greenlight Capital Re, Ltd. has a fifty-two week low of $10.95 and a fifty-two week high of $15.82.

Greenlight Capital Re (NASDAQ:GLRE) last issued its earnings results on Monday, November 4th. The financial services provider reported $1.01 EPS for the quarter, beating analysts’ consensus estimates of $0.65 by $0.36. Greenlight Capital Re had a return on equity of 13.95% and a net margin of 12.38%. The firm had revenue of $188.01 million for the quarter. During the same quarter in the prior year, the company earned $0.39 EPS.

Greenlight Capital Re Company Profile

Greenlight Capital Re, Ltd., through its subsidiaries, operates as a property and casualty reinsurance company worldwide. The company offers various property reinsurance products and services, including automobile physical damage, personal lines, and commercial lines. It also provides casualty reinsurance products and services comprising general liability, motor liability, professional liability, and worker's compensation; and accident and health, transactional liability, mortgage insurance, surety, trade credit, marine, and energy, as well as other specialty products, such as aviation, crop, cyber, political, and terrorism products.