Endurance International Group (EIGI) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas trimmed its stake in Endurance International Group (NASDAQ:EIGI) by 34.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,383 shares of the software maker’s stock after selling 7,461 shares during the period. Teacher Retirement System of Texas’ holdings in Endurance International Group were worth $106,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of EIGI. Okumus Fund Management Ltd. increased its position in shares of Endurance International Group by 4.9% in the fourth quarter. Okumus Fund Management Ltd. now owns 12,801,052 shares of the software maker’s stock worth $107,529,000 after purchasing an additional 601,025 shares during the last quarter. Renaissance Technologies LLC increased its position in shares of Endurance International Group by 48.6% in the fourth quarter. Renaissance Technologies LLC now owns 1,708,800 shares of the software maker’s stock worth $14,354,000 after purchasing an additional 559,200 shares during the last quarter. American Century Companies Inc. bought a new position in shares of Endurance International Group in the first quarter worth approximately $1,633,000. Millennium Management LLC increased its position in shares of Endurance International Group by 165.8% in the fourth quarter. Millennium Management LLC now owns 337,639 shares of the software maker’s stock worth $2,836,000 after purchasing an additional 210,616 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Endurance International Group by 24.9% in the first quarter. Schwab Charles Investment Management Inc. now owns 808,830 shares of the software maker’s stock worth $5,986,000 after purchasing an additional 161,120 shares during the last quarter. Institutional investors own 89.01% of the company’s stock.

Shares of NASDAQ EIGI opened at $9.75 on Friday. Endurance International Group has a one year low of $6.95 and a one year high of $10.00. The company has a current ratio of 0.42, a quick ratio of 0.42 and a debt-to-equity ratio of 12.77. The company has a market cap of $1.37 billion, a price-to-earnings ratio of -12.50 and a beta of 1.88.

Endurance International Group (NASDAQ:EIGI) last issued its quarterly earnings results on Tuesday, May 1st. The software maker reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.05. Endurance International Group had a negative net margin of 6.74% and a negative return on equity of 85.30%. The business had revenue of $291.36 million for the quarter, compared to analysts’ expectations of $290.84 million. During the same period last year, the business earned ($0.26) earnings per share. The business’s quarterly revenue was down .9% on a year-over-year basis. sell-side analysts predict that Endurance International Group will post -0.1 EPS for the current fiscal year.

In other news, insider David C. Bryson sold 4,888 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The shares were sold at an average price of $7.30, for a total value of $35,682.40. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Marc Montagner sold 8,405 shares of the firm’s stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $7.30, for a total transaction of $61,356.50. The disclosure for this sale can be found here. Insiders sold 179,320 shares of company stock worth $1,396,746 in the last 90 days. Company insiders own 58.20% of the company’s stock.

A number of brokerages have commented on EIGI. BidaskClub cut shares of Endurance International Group from a “buy” rating to a “hold” rating in a research report on Wednesday. Zacks Investment Research cut shares of Endurance International Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 9th. ValuEngine upgraded shares of Endurance International Group from a “sell” rating to a “hold” rating in a research report on Wednesday, May 2nd. Credit Suisse Group increased their price target on shares of Endurance International Group from $9.00 to $10.00 and gave the company an “outperform” rating in a research report on Wednesday, May 2nd. Finally, Goldman Sachs Group began coverage on shares of Endurance International Group in a research report on Friday, March 23rd. They set a “sell” rating and a $8.50 price target on the stock. Three equities research analysts have rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $8.43.

Endurance International Group Profile

Endurance International Group Holdings, Inc, together with its subsidiaries, provides cloud-based platform solutions for small-and medium-sized businesses worldwide. The company operates in three segments: Web Presence, Domain, and Email Marketing. It offers Web hosting services, including entry-level shared hosting, and virtual private server and dedicated hosting solutions; Website building tools that enable subscribers with varying degrees of technical sophistication to create a Web presence; domain registration, management, and resale services; malware protection solutions to protect subscribers' Websites from viruses, malicious code, and other threats; and backup control solutions that enable subscribers to schedule, maintain, manage, and restore backups of their online data and Websites.

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

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