Third Point Reinsurance Ltd. (TPRE) — Stock Trending Alert

Currently, the 14-day ADX for Third Point Reinsurance Ltd (TPRE) is sitting at 25.95. The company holds 107.38 million outstanding shares and 93.93 million shares are floating in market. Its opening price on the last trading day was $15.55.

The company is now down by 0.98%% since yesterday's close of 15.35.

Short traders are more bearish on shares of the company recently if you consider the motion in short interest. After a recent check, Third Point Reinsurance Ltd's 14-day RSI is now at 64.66, the 7-day stands at 66.52, and the 3-day is sitting at 55.22. The company rocked its 52-Week High of $16.1 and touched its 52-Week Low of $11.05. The stock has advanced 38.91% to a low over the previous one year and showed declining move -4.66% to a high over the same period.

The number of shares changed hands in the stock is good, indicating the interest and low risk associated with it.

Third Point Reinsurance Ltd. shares had a trading volume of 2,590K by the end of trading on Tuesday. There has been an observed change of -5.68% in the ownership of the shares in the past six months. Its weekly performance showed upward trend of 6.97 percent.

Profitability analysis helps a great deal in making investment decision.

While considering growth estimates of the company, it has next quarter growth estimates of 208.9% whereas during current quarter it has -26.5% estimations over growth, comparing to the estimations of 946.2% during current year and -20.2% for next year.

Moving averages are used as a strong indicator for technical stock analysis and it helps investors in figuring out where the stock has been and also helps in determining where it may be possibly heading. It is trading at $15.30 just a bit higher than $14.31, the 50 day moving average and well above the 200 day moving average of $13.23. The company posted an earnings surprise of 1.4%. This estimate is provided by 2 analysts. The consensus mean EPS for the current quarter is at $0.5 derived from a total of 5 estimates from the analysts who have weighed in on projected earnings.

EPS Growth this year is 131.1 percent. Capital World Investors now owns 5,325,506 shares of the insurance provider's stock worth $74,025,000 after acquiring an additional 1,008,053 shares during the period. While for the next 5 years, the growth estimate is 15%.

Annual Sales Growth in the past 5 years was 0 percent.

The company now has an insider ownership of 1.7 Percent and Institutional ownership of 74.5 Percent. The Market Cap of the company is $1.65 Billion.

Third Point Reinsurance Ltd. (TPRE)'s RSI (Relative strength index) is at 68.01, its ATR (Average True Range) value is 0.38, while its Beta factor was calculated at 1.24.

The company last reported its quarterly results on Nov 01 AMC.

Trexquant Investment Lp reduced its holdings by shedding 2,135 shares a decrease of 8.7% as of 06/30/2017. Third Point Reinsurance had a net margin of 22.18% and a return on equity of 13.56%.

Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.

Keefe Bruyette & Woods "Upgrades" Third Point Reinsurance Ltd. Co (NYSE:TPRE) in a research note issued to investors on 5/08/17 to Outperform with price target of $0.

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