Dimensional Fund Advisors LP acquired a new stake in Endurance International Group Holdings Inc (NASDAQ:EIGI) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 143,522 shares of the software maker’s stock, valued at approximately $1,198,000. Dimensional Fund Advisors LP owned about 0.10% of Endurance International Group at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. First Trust Advisors LP increased its position in shares of Endurance International Group by 28.4% during the 2nd quarter. First Trust Advisors LP now owns 4,397,050 shares of the software maker’s stock valued at $36,715,000 after purchasing an additional 971,296 shares during the period. Credit Suisse AG grew its holdings in shares of Endurance International Group by 375.4% in the 1st quarter. Credit Suisse AG now owns 266,510 shares of the software maker’s stock worth $2,093,000 after acquiring an additional 210,449 shares during the last quarter. Renaissance Technologies LLC grew its holdings in shares of Endurance International Group by 1,387.3% in the 1st quarter. Renaissance Technologies LLC now owns 187,400 shares of the software maker’s stock worth $1,471,000 after acquiring an additional 174,800 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its position in shares of Endurance International Group by 50.2% in the second quarter. Schwab Charles Investment Management Inc. now owns 495,185 shares of the software maker’s stock worth $4,135,000 after buying an additional 165,532 shares during the period. Finally, Morgan Stanley boosted its position in shares of Endurance International Group by 25.7% in the first quarter. Morgan Stanley now owns 806,858 shares of the software maker’s stock worth $6,333,000 after buying an additional 164,827 shares during the period. Institutional investors own 86.43% of the company’s stock.
In related news, CFO Marc Montagner sold 10,229 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $7.62, for a total value of $77,944.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 22,722 shares of company stock valued at $175,989. 58.20% of the stock is owned by corporate insiders.
Endurance International Group Holdings Inc (EIGI) opened at $8.50 on Monday. The company has a debt-to-equity ratio of 31.15, a quick ratio of 0.33 and a current ratio of 0.33. Endurance International Group Holdings Inc has a 1-year low of $6.20 and a 1-year high of $9.85.
Endurance International Group (NASDAQ:EIGI) last issued its earnings results on Tuesday, October 31st. The software maker reported ($0.29) EPS for the quarter, missing the consensus estimate of ($0.16) by ($0.13). The business had revenue of $295.20 million for the quarter, compared to the consensus estimate of $290.45 million. Endurance International Group had a negative net margin of 12.74% and a negative return on equity of 161.36%. The business’s revenue was up 1.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.24) EPS. equities research analysts anticipate that Endurance International Group Holdings Inc will post -1 EPS for the current year.
A number of analysts recently issued reports on EIGI shares. Jefferies Group reissued a “sell” rating and set a $5.00 price objective on shares of Endurance International Group in a research report on Thursday, September 28th. SunTrust Banks assumed coverage on Endurance International Group in a research report on Tuesday, August 15th. They issued a “hold” rating and a $8.00 price target for the company. Finally, Zacks Investment Research upgraded Endurance International Group from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Five investment analysts have rated the stock with a sell rating and three have issued a hold rating to the stock. Endurance International Group presently has a consensus rating of “Sell” and a consensus target price of $7.70.
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Endurance International Group 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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