ValuEngine Lowers Enstar Group (NASDAQ:ESGR) to Sell

ValuEngine lowered shares of Enstar Group (NASDAQ:ESGR) from a hold rating to a sell rating in a research note issued to investors on Thursday, ValuEngine reports.

Separately, BidaskClub upgraded shares of Enstar Group from a buy rating to a strong-buy rating in a report on Saturday, November 2nd.

NASDAQ:ESGR traded down $0.37 during mid-day trading on Thursday, hitting $201.90. 33,300 shares of the company’s stock traded hands, compared to its average volume of 54,129. The company has a debt-to-equity ratio of 0.29, a quick ratio of 1.03 and a current ratio of 1.03. The firm’s 50 day simple moving average is $194.65 and its 200 day simple moving average is $180.79. Enstar Group has a 1 year low of $150.32 and a 1 year high of $206.37. The company has a market cap of $4.37 billion, a PE ratio of 26.50 and a beta of 0.70.

Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC purchased a new stake in shares of Enstar Group during the third quarter worth about $44,000. Strs Ohio purchased a new stake in shares of Enstar Group during the third quarter worth about $56,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Enstar Group by 311.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 864 shares of the insurance provider’s stock worth $164,000 after buying an additional 654 shares in the last quarter. Zeke Capital Advisors LLC purchased a new stake in shares of Enstar Group during the second quarter worth about $238,000. Finally, Commonwealth Bank of Australia grew its holdings in shares of Enstar Group by 87.5% during the second quarter. Commonwealth Bank of Australia now owns 1,500 shares of the insurance provider’s stock worth $261,000 after buying an additional 700 shares in the last quarter. Institutional investors and hedge funds own 69.64% of the company’s stock.

About Enstar Group

Enstar Group Limited acquires and manages insurance and reinsurance companies, and portfolios of insurance and reinsurance business in run-off. It operates in three segments: Non-Life Run-Off, Atrium, and StarStone. The Non-Life Run-Off segment engages in the running off property and casualty, and other non-life lines of businesses.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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