First Trust Advisors LP Boosts Holdings in Endurance International Group Holdings, Inc. (EIGI)

First Trust Advisors LP boosted its position in Endurance International Group Holdings, Inc. (NASDAQ:EIGI) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,586,060 shares of the software maker’s stock after buying an additional 189,010 shares during the quarter. First Trust Advisors LP owned approximately 3.20% of Endurance International Group Holdings worth $37,606,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Endurance International Group Holdings by 1.0% in the first quarter. Vanguard Group Inc. now owns 5,041,355 shares of the software maker’s stock valued at $39,575,000 after acquiring an additional 49,395 shares during the period. State Street Corp boosted its stake in Endurance International Group Holdings by 7.2% in the second quarter. State Street Corp now owns 1,179,899 shares of the software maker’s stock valued at $9,849,000 after acquiring an additional 79,607 shares during the period. Morgan Stanley boosted its stake in Endurance International Group Holdings by 25.7% in the first quarter. Morgan Stanley now owns 806,858 shares of the software maker’s stock valued at $6,333,000 after acquiring an additional 164,827 shares during the period. Spark Investment Management LLC boosted its stake 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 valued at $6,400,000 after acquiring an additional 552,100 shares during the period. Finally, Numeric Investors LLC boosted its stake 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 valued at $4,700,000 after acquiring an additional 226,600 shares during the period. 86.25% of the stock is owned by hedge funds and other institutional investors.

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EIGI has been the subject of several analyst reports. BidaskClub downgraded Endurance International Group Holdings from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Zacks Investment Research downgraded Endurance International Group Holdings from a “hold” rating to a “sell” rating in a research report on Friday, August 4th. Jefferies Group LLC boosted their price objective on Endurance International Group Holdings from $5.00 to $6.00 and gave the stock an “underperform” rating in a research report on Wednesday, November 1st. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $8.00 price objective on shares of Endurance International Group Holdings in a research report on Thursday, October 12th. Five investment analysts have rated the stock with a sell rating and three have given a hold rating to the stock. The stock presently has a consensus rating of “Sell” and an average price target of $7.70.

Shares of Endurance International Group Holdings, Inc. (NASDAQ:EIGI) traded up $0.10 during trading hours on Tuesday, reaching $8.00. The company had a trading volume of 1,467,500 shares, compared to its average volume of 593,189. 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 Holdings (NASDAQ:EIGI) last announced its earnings results on Tuesday, October 31st. The software maker reported ($0.29) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.13). Endurance International Group Holdings had a negative return on equity of 161.36% and a negative net margin of 12.74%. The firm had revenue of $295.20 million for the quarter, compared to the consensus estimate of $290.45 million. During the same period in the previous year, the firm earned ($0.24) EPS. Endurance International Group Holdings’s revenue for the quarter was up 1.4% on a year-over-year basis. analysts anticipate that Endurance International Group Holdings, Inc. will post -1 earnings per share for the current fiscal year.

In related news, CFO Marc Montagner sold 10,229 shares of the business’s stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $7.62, for a total transaction of $77,944.98. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In the last three months, insiders have sold 22,887 shares of company stock worth $177,251. 58.20% of the stock is owned by corporate insiders.

About Endurance International Group Holdings

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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