Akre Capital Management LLC Has Decreased Stake in Enstar Group Limited (ESGR) by $8.84 Million as Share Value Rose

June 17, 2018 - By Nellie Frank

Enstar Group Limited (NASDAQ:ESGR) LogoInvestors sentiment decreased to 0.59 in Q1 2018. Its down 0.54, from 1.13 in 2017Q4. It is negative, as 16 investors sold ESGR shares while 57 reduced holdings. 13 funds opened positions while 30 raised stakes. 13.24 million shares or 6.18% less from 14.11 million shares in 2017Q4 were reported. Atlantic Tru Grp Lc reported 446 shares or 0% of all its holdings. Price T Rowe Assoc Md, Maryland-based fund reported 1,751 shares. Minnesota-based Punch & Assoc Investment Mgmt has invested 0.7% in Enstar Group Limited (NASDAQ:ESGR). Parsons Mngmt Ri owns 0.11% invested in Enstar Group Limited (NASDAQ:ESGR) for 4,400 shares. Strs Ohio accumulated 6,000 shares. Proshare Advsr invested 0% in Enstar Group Limited (NASDAQ:ESGR). Public Employees Retirement Association Of Colorado reported 325 shares. Moreover, Nfc Invs Ltd has 8.83% invested in Enstar Group Limited (NASDAQ:ESGR). Akre Mgmt Lc stated it has 1.40 million shares. Eqis invested in 0.03% or 2,783 shares. Swiss Bank & Trust reported 0% of its portfolio in Enstar Group Limited (NASDAQ:ESGR). Martingale Asset Mgmt Lp holds 5,801 shares or 0.02% of its portfolio. Parametric Portfolio Associate accumulated 10,441 shares or 0% of the stock. Torray Ltd Liability owns 3,614 shares or 0.08% of their US portfolio. Warren Averett Asset Mgmt Lc holds 4,100 shares or 0.14% of its portfolio.

Charles Akre decreased its stake in Enstar Group Limited (ESGR) by 2.91% based on its latest 2018Q1 regulatory filing with the SEC. Akre Capital Management Llc sold 42,112 shares as the company’s stock rose 4.05% while stock markets declined. The hedge fund run by Charles Akre held 1.40M shares of the property-casualty insurers company at the end of 2018Q1, valued at $295.38M, down from 1.45 million at the end of the previous reported quarter. Akre Capital Management Llc who had been investing in Enstar Group Limited for a number of months, seems to be less bullish one the $4.59 billion market cap company. The stock decreased 0.30% or $0.65 during the last trading session, reaching $214.2. About 38,164 shares traded or 28.29% up from the average. Enstar Group Limited (NASDAQ:ESGR) has risen 8.82% since June 17, 2017 and is uptrending. It has underperformed by 3.75% the S&P500.

Akre Capital Management Llc, which manages about $3.20 billion and $7.62B US Long portfolio, upped its stake in American Tower Corp New (NYSE:AMT) by 264,024 shares to 7.06M shares, valued at $1.03B in 2018Q1, according to the filing.

More news for Enstar Group Limited (NASDAQ:ESGR) were recently published by: Globenewswire.com, which released: “Report: Exploring Fundamental Drivers Behind Canadian Solar, Halcon Resources, Enstar Group, Delek Logistics …” on June 01, 2018. Gurufocus.com‘s article titled: “Chuck Akre’s Firm Starts Position in KKR & Co.” and published on May 25, 2018 is yet another important article.

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