Engineers Gate Manager LP Decreases Position in Endurance International Group Holdings Inc (EIGI)

Engineers Gate Manager LP trimmed its stake in shares of Endurance International Group Holdings Inc (NASDAQ:EIGI) by 30.6% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 41,949 shares of the software maker’s stock after selling 18,470 shares during the quarter. Engineers Gate Manager LP’s holdings in Endurance International Group were worth $344,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Okumus Fund Management Ltd. grew its position in Endurance International Group by 33.2% during the 3rd quarter. Okumus Fund Management Ltd. now owns 12,200,027 shares of the software maker’s stock worth $100,040,000 after acquiring an additional 3,042,561 shares during the last quarter. First Trust Advisors LP grew its position in Endurance International Group by 4.3% during the 3rd quarter. First Trust Advisors LP now owns 4,586,060 shares of the software maker’s stock worth $37,606,000 after acquiring an additional 189,010 shares during the last quarter. State Street Corp grew its position in Endurance International Group by 7.2% during the 2nd quarter. State Street Corp now owns 1,179,899 shares of the software maker’s stock worth $9,849,000 after acquiring an additional 79,607 shares during the last quarter. Schwab Charles Investment Management Inc. grew its position in Endurance International Group by 28.0% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 633,643 shares of the software maker’s stock worth $5,196,000 after acquiring an additional 138,458 shares during the last quarter. Finally, Numeric Investors LLC grew its position in Endurance International Group by 67.4% during the 2nd quarter. Numeric Investors LLC now owns 562,923 shares of the software maker’s stock worth $4,700,000 after acquiring an additional 226,600 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

Shares of Endurance International Group Holdings Inc (EIGI) opened at $8.50 on Monday. Endurance International Group Holdings Inc has a 1 year low of $6.20 and a 1 year high of $9.85. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 31.15.

Endurance International Group (NASDAQ:EIGI) last issued its quarterly earnings data on Tuesday, October 31st. The software maker reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.16) by ($0.13). The business had revenue of $295.20 million during the quarter, compared to the consensus estimate of $290.45 million. Endurance International Group had a negative return on equity of 161.36% and a negative net margin of 12.74%. Endurance International Group’s quarterly revenue was up 1.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.24) earnings per share. equities research analysts anticipate that Endurance International Group Holdings Inc will post -1 EPS for the current year.

In other news, CFO Marc Montagner sold 10,229 shares of Endurance International Group stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $7.62, for a total value of $77,944.98. The sale was disclosed in a document filed with the SEC, which is available through this link. Over the last quarter, insiders sold 15,845 shares of company stock worth $124,068. Corporate insiders own 58.20% of the company’s stock.

Several equities analysts recently issued reports on the company. Zacks Investment Research upgraded Endurance International Group from a “sell” rating to a “hold” rating in a research report on Friday, November 10th. Jefferies Group lifted their price objective on Endurance International Group from $5.00 to $6.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 1st. SunTrust Banks reiterated a “hold” rating and issued a $8.00 price objective on shares of Endurance International Group in a research report on Thursday, October 12th. Oppenheimer reiterated a “buy” rating and issued a $12.00 price objective on shares of Endurance International Group in a research report on Tuesday, December 12th. Finally, BidaskClub lowered Endurance International Group from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $8.42.

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Endurance International Group Company Profile

Endurance International Group Holdings, Inc (Endurance) is a provider of cloud-based platform solutions designed to help small and medium-sized businesses (SMBs) succeed online. The Company operates through two segments: Web Presence and Email Marketing. The Company’s Web presence segment consists of Web hosting, domains and the related products and services.

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Institutional Ownership by Quarter for Endurance International Group (NASDAQ:EIGI)

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