Harspring Capital Management LLC trimmed its holdings in Enstar Group Limited (NASDAQ:ESGR - Free Report) by 21.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 154,000 shares of the insurance provider's stock after selling 41,000 shares during the period. Enstar Group comprises about 11.8% of Harspring Capital Management LLC's holdings, making the stock its 2nd largest position. Harspring Capital Management LLC owned approximately 1.01% of Enstar Group worth $49,525,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Glazer Capital LLC purchased a new stake in Enstar Group during the third quarter worth about $59,941,000. Alpine Associates Management Inc. bought a new position in shares of Enstar Group in the third quarter valued at approximately $24,465,000. Slotnik Capital LLC bought a new stake in Enstar Group during the third quarter valued at approximately $10,291,000. Dimensional Fund Advisors LP lifted its position in Enstar Group by 4.0% during the second quarter. Dimensional Fund Advisors LP now owns 793,067 shares of the insurance provider's stock valued at $242,442,000 after purchasing an additional 30,831 shares during the last quarter. Finally, Edgestream Partners L.P. purchased a new position in shares of Enstar Group during the second quarter worth approximately $7,394,000. 81.01% of the stock is owned by institutional investors.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of Enstar Group in a research report on Thursday, November 28th. They set a "hold" rating on the stock.
Get Our Latest Report on ESGR
Enstar Group Price Performance
Shares of ESGR stock traded down $0.62 on Tuesday, reaching $325.06. The company's stock had a trading volume of 54,977 shares, compared to its average volume of 74,492. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.33. The stock's fifty day simple moving average is $323.26 and its 200-day simple moving average is $320.07. The company has a market capitalization of $4.95 billion, a price-to-earnings ratio of 4.92 and a beta of 0.65. Enstar Group Limited has a 1 year low of $262.54 and a 1 year high of $348.48.
Enstar Group (NASDAQ:ESGR - Get Free Report) last released its quarterly earnings data on Tuesday, November 12th. The insurance provider reported $8.51 earnings per share for the quarter. Enstar Group had a return on equity of 17.33% and a net margin of 73.26%. The firm had revenue of $177.00 million during the quarter.
About Enstar Group
(
Free Report)
Enstar Group Limited acquires and manages insurance and reinsurance companies and portfolios in run-off in Bermuda and internationally. It engages in the run-off property and casualty; other reinsurance; life and catastrophe; and legacy underwriting businesses; as well as investment activities. The company also provides consulting services, including claims inspection, claims validation, reinsurance asset collection, syndicate management, and IT consulting services to the insurance and reinsurance industry.
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