AHL Partners LLP Takes $783,000 Position in Endurance International Group Holdings, Inc. (EIGI)

AHL Partners LLP purchased a new stake in shares of Endurance International Group Holdings, Inc. (NASDAQ:EIGI) during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 93,742 shares of the software maker’s stock, valued at approximately $783,000. AHL Partners LLP owned approximately 0.07% of Endurance International Group Holdings at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the company. First Trust Advisors LP lifted its stake in shares of Endurance International Group Holdings by 28.4% in the second quarter. First Trust Advisors LP now owns 4,397,050 shares of the software maker’s stock worth $36,715,000 after acquiring an additional 971,296 shares during the period. Spark Investment Management LLC increased its holdings in Endurance International Group Holdings by 257.5% in the second quarter. Spark Investment Management LLC now owns 766,500 shares of the software maker’s stock worth $6,400,000 after purchasing an additional 552,100 shares in the last quarter. Prudential Financial Inc. increased its holdings in Endurance International Group Holdings by 521.8% in the first quarter. Prudential Financial Inc. now owns 397,300 shares of the software maker’s stock worth $3,119,000 after purchasing an additional 333,400 shares in the last quarter. Numeric Investors LLC increased its holdings in Endurance International Group Holdings by 67.4% in the second quarter. Numeric Investors LLC now owns 562,923 shares of the software maker’s stock worth $4,700,000 after purchasing an additional 226,600 shares in the last quarter. Finally, Credit Suisse AG increased its holdings in Endurance International Group Holdings by 375.4% in the first quarter. Credit Suisse AG now owns 266,510 shares of the software maker’s stock worth $2,093,000 after purchasing an additional 210,449 shares in the last quarter. 86.40% of the stock is currently owned by hedge funds and other institutional investors.

Endurance International Group Holdings, Inc. (NASDAQ:EIGI) opened at 8.25 on Friday. The stock’s market cap is $1.18 billion. The firm has a 50-day moving average price of $7.92 and a 200 day moving average price of $7.95. Endurance International Group Holdings, Inc. has a 52-week low of $6.20 and a 52-week high of $9.85.

Endurance International Group Holdings (NASDAQ:EIGI) last issued its quarterly earnings results on Tuesday, August 1st. The software maker reported ($0.29) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.18) by ($0.11). Endurance International Group Holdings had a negative net margin of 12.05% and a negative return on equity of 122.84%. The company had revenue of $292.26 million during the quarter, compared to analysts’ expectations of $289.40 million. During the same period in the prior year, the business posted ($0.21) earnings per share. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, analysts forecast that Endurance International Group Holdings, Inc. will post ($0.87) earnings per share for the current fiscal year.

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In other Endurance International Group Holdings news, insider John Orlando sold 8,531 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $7.85, for a total value of $66,968.35. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Marc Montagner sold 6,877 shares of the firm’s stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $7.55, for a total transaction of $51,921.35. The disclosure for this sale can be found here. Insiders sold a total of 28,482 shares of company stock worth $219,939 over the last three months. Corporate insiders own 58.20% of the company’s stock.

A number of equities research analysts have weighed in on the company. BidaskClub downgraded Endurance International Group Holdings from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Zacks Investment Research downgraded Endurance International Group Holdings from a “hold” rating to a “sell” rating in a report on Friday, August 4th. SunTrust Banks, Inc. restated a “hold” rating and set a $8.00 price objective on shares of Endurance International Group Holdings in a report on Thursday, October 12th. Finally, Jefferies Group LLC downgraded Endurance International Group Holdings from a “buy” rating to an “underperform” rating and decreased their price objective for the company from $10.50 to $5.00 in a report on Thursday, August 24th. Five research analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock has a consensus rating of “Sell” and a consensus target price of $7.50.

Endurance International Group Holdings 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.

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

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