Enstar Group (NASDAQ:ESGR) Upgraded by BidaskClub to Sell

BidaskClub upgraded shares of Enstar Group (NASDAQ:ESGR) from a strong sell rating to a sell rating in a report released on Tuesday, January 9th.

Shares of Enstar Group (NASDAQ ESGR) traded down $2.30 during midday trading on Tuesday, reaching $210.25. 24,000 shares of the company’s stock traded hands, compared to its average volume of 38,375. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.14 and a current ratio of 1.14. Enstar Group has a twelve month low of $180.50 and a twelve month high of $237.30. The firm has a market cap of $4,129.21, a PE ratio of 19.89 and a beta of 0.83.

Enstar Group (NASDAQ:ESGR) last posted its earnings results on Wednesday, November 8th. The insurance provider reported $1.81 earnings per share (EPS) for the quarter. Enstar Group had a net margin of 20.31% and a return on equity of 6.91%.

Institutional investors have recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. purchased a new stake in shares of Enstar Group in the third quarter valued at about $206,000. Advisory Services Network LLC grew its holdings in shares of Enstar Group by 1.8% in the second quarter. Advisory Services Network LLC now owns 1,071 shares of the insurance provider’s stock valued at $213,000 after purchasing an additional 19 shares during the period. Chase Investment Counsel Corp purchased a new stake in shares of Enstar Group in the third quarter valued at about $222,000. BNP Paribas Arbitrage SA lifted its position in Enstar Group by 652.8% in the second quarter. BNP Paribas Arbitrage SA now owns 1,340 shares of the insurance provider’s stock valued at $266,000 after buying an additional 1,162 shares during the last quarter. Finally, HPM Partners LLC lifted its position in Enstar Group by 3.2% in the second quarter. HPM Partners LLC now owns 1,393 shares of the insurance provider’s stock valued at $277,000 after buying an additional 43 shares during the last quarter. 87.75% of the stock is owned by institutional investors and hedge funds.

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Enstar Group Company Profile

Enstar Group Limited is an insurance group that offers capital release solutions and specialty underwriting capabilities through its network of group companies in Bermuda, the United States, the United Kingdom, Continental Europe, Australia and other international locations. The Company’s segments include Non-Life Run-Off, Atrium, StarStone, and Life and Annuities.

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