SG Americas Securities LLC Buys 100,699 Shares of Endurance International Group Holdings Inc (EIGI)

SG Americas Securities LLC boosted its stake in shares of Endurance International Group Holdings Inc (NASDAQ:EIGI) by 211.4% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 148,337 shares of the software maker’s stock after purchasing an additional 100,699 shares during the quarter. SG Americas Securities LLC owned approximately 0.10% of Endurance International Group worth $1,305,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Amalgamated Bank acquired a new position in shares of Endurance International Group during the 2nd quarter worth about $108,000. Verition Fund Management LLC acquired a new position in shares of Endurance International Group during the 2nd quarter worth about $134,000. PEAK6 Investments L.P. boosted its position in shares of Endurance International Group by 128.8% during the 2nd quarter. PEAK6 Investments L.P. now owns 15,284 shares of the software maker’s stock worth $152,000 after acquiring an additional 68,424 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Endurance International Group by 52.7% during the 2nd quarter. Metropolitan Life Insurance Co. NY now owns 26,802 shares of the software maker’s stock worth $267,000 after acquiring an additional 9,250 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Endurance International Group by 73.3% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 29,075 shares of the software maker’s stock worth $289,000 after acquiring an additional 12,300 shares in the last quarter. Institutional investors own 91.29% of the company’s stock.

Several research firms have recently issued reports on EIGI. BidaskClub cut Endurance International Group from a “hold” rating to a “sell” rating in a research report on Thursday, October 4th. ValuEngine raised Endurance International Group from a “hold” rating to a “buy” rating in a research report on Saturday, October 27th. Zacks Investment Research cut Endurance International Group from a “hold” rating to a “strong sell” rating in a research report on Tuesday, September 25th. Oppenheimer cut Endurance International Group from an “outperform” rating to a “market perform” rating in a research report on Wednesday, November 7th. Finally, TheStreet cut Endurance International Group from a “c” rating to a “d+” rating in a research report on Friday, October 26th. Two analysts have rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $9.21.

Shares of NASDAQ EIGI opened at $8.19 on Friday. The company has a debt-to-equity ratio of 11.46, a current ratio of 0.44 and a quick ratio of 0.44. Endurance International Group Holdings Inc has a 52-week low of $6.95 and a 52-week high of $10.95.

Endurance International Group (NASDAQ:EIGI) last announced its earnings results on Thursday, October 25th. The software maker reported ($0.04) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.01. The firm had revenue of $283.77 million during the quarter, compared to analysts’ expectations of $284.53 million. Endurance International Group had a negative return on equity of 5.96% and a negative net margin of 0.68%. On average, sell-side analysts anticipate that Endurance International Group Holdings Inc will post -0.1 EPS for the current fiscal year.

In related news, insider Barry Christine Timmins sold 22,863 shares of the company’s stock in a transaction dated Wednesday, October 17th. The stock was sold at an average price of $8.83, for a total value of $201,880.29. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Marc Montagner sold 9,424 shares of the company’s stock in a transaction dated Monday, September 17th. The shares were sold at an average price of $9.20, for a total value of $86,700.80. The disclosure for this sale can be found here. Over the last three months, insiders sold 32,608 shares of company stock valued at $291,348. Insiders own 58.20% of the company’s stock.

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About Endurance International Group

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.

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

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