American Century Companies Inc. raised its stake in Endurance International Group Holdings Inc (NASDAQ:EIGI) by 70.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 749,897 shares of the software maker’s stock after acquiring an additional 309,460 shares during the quarter. American Century Companies Inc. owned about 0.52% of Endurance International Group worth $6,599,000 at the end of the most recent reporting period.
Other institutional investors also recently added to or reduced their stakes in the company. BlackRock Inc. raised its holdings in Endurance International Group by 24.9% in the 2nd quarter. BlackRock Inc. now owns 4,642,169 shares of the software maker’s stock valued at $46,189,000 after acquiring an additional 924,079 shares during the period. Millennium Management LLC raised its holdings in Endurance International Group by 158.4% in the 2nd quarter. Millennium Management LLC now owns 775,122 shares of the software maker’s stock valued at $7,712,000 after acquiring an additional 475,139 shares during the period. Aperio Group LLC raised its holdings in Endurance International Group by 40.6% in the 2nd quarter. Aperio Group LLC now owns 53,540 shares of the software maker’s stock valued at $533,000 after acquiring an additional 15,447 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Endurance International Group by 73.3% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 29,075 shares of the software maker’s stock worth $289,000 after purchasing an additional 12,300 shares during the period. Finally, Verition Fund Management LLC bought a new position in shares of Endurance International Group during the second quarter worth approximately $134,000. 92.53% of the stock is currently owned by hedge funds and other institutional investors.
Shares of EIGI opened at $8.25 on Friday. Endurance International Group Holdings Inc has a 12 month low of $6.95 and a 12 month high of $10.95. The company has a market cap of $1.16 billion, a PE ratio of -10.58 and a beta of 1.39. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 11.46.
Several research analysts have recently commented on EIGI shares. BidaskClub cut shares of Endurance International Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 6th. ValuEngine raised shares of Endurance International Group from a “hold” rating to a “buy” rating in a report on Friday, August 17th. Zacks Investment Research raised shares of Endurance International Group from a “hold” rating to a “buy” rating and set a $11.00 target price on the stock in a report on Tuesday, October 30th. TheStreet raised shares of Endurance International Group from a “d+” rating to a “c” rating in a report on Friday, July 27th. Finally, SunTrust Banks reaffirmed a “hold” rating and set a $8.00 target price on shares of Endurance International Group in a report on Thursday, October 25th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $9.21.
In related news, CFO Marc Montagner sold 9,424 shares of the stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $9.20, for a total transaction of $86,700.80. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Barry Christine Timmins sold 22,863 shares of the stock in a transaction that occurred on Wednesday, October 17th. The stock was sold at an average price of $8.83, for a total transaction of $201,880.29. The disclosure for this sale can be found here. Insiders have sold 32,608 shares of company stock worth $291,348 over the last ninety days. Insiders own 58.20% of the company’s stock.
Endurance International Group Company 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.
Further Reading: Fundamental Analysis
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