Endurance International Group Holdings Inc (EIGI) Stake Lowered by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. lowered its holdings in Endurance International Group Holdings Inc (NASDAQ:EIGI) by 33.6% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 181,799 shares of the software maker’s stock after selling 92,200 shares during the quarter. Cornerstone Capital Management Holdings LLC. owned about 0.13% of Endurance International Group worth $1,489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Voya Investment Management LLC increased its holdings in shares of Endurance International Group by 14.9% in the 2nd quarter. Voya Investment Management LLC now owns 29,860 shares of the software maker’s stock valued at $249,000 after acquiring an additional 3,877 shares during the last quarter. Cubist Systematic Strategies LLC increased its holdings in shares of Endurance International Group by 37.4% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 18,791 shares of the software maker’s stock valued at $157,000 after acquiring an additional 5,111 shares during the last quarter. Alliancebernstein L.P. increased its holdings in shares of Endurance International Group by 8.8% in the 2nd quarter. Alliancebernstein L.P. now owns 70,600 shares of the software maker’s stock valued at $590,000 after acquiring an additional 5,700 shares during the last quarter. Aperio Group LLC increased its holdings in shares of Endurance International Group by 32.5% in the 2nd quarter. Aperio Group LLC now owns 24,651 shares of the software maker’s stock valued at $206,000 after acquiring an additional 6,044 shares during the last quarter. Finally, New York State Common Retirement Fund grew its stake in Endurance International Group by 6.5% during the 3rd quarter. New York State Common Retirement Fund now owns 109,299 shares of the software maker’s stock worth $896,000 after buying an additional 6,674 shares during the last quarter. Institutional investors and hedge funds own 86.43% of the company’s stock.

A number of research firms recently issued reports on EIGI. Oppenheimer restated a “buy” rating and set a $12.00 price target on shares of Endurance International Group in a research note on Tuesday, December 12th. SunTrust Banks restated a “hold” rating and set a $8.00 price target on shares of Endurance International Group in a research note on Friday, November 17th. Zacks Investment Research downgraded Endurance International Group from a “hold” rating to a “sell” rating in a research note on Thursday, November 2nd. Jefferies Group raised their price target on Endurance International Group from $5.00 to $6.00 and gave the stock an “underperform” rating in a research note on Wednesday, November 1st. Finally, BidaskClub downgraded Endurance International Group from a “hold” rating to a “sell” rating in a research note on Tuesday, December 12th. Five investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $8.42.

Endurance International Group Holdings Inc (EIGI) opened at $8.50 on Friday. The stock has a market capitalization of $1,226.85, a P/E ratio of -7.73 and a beta of 1.98. 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 12 month low of $6.20 and a 12 month high of $9.85.

Endurance International Group (NASDAQ:EIGI) last released its quarterly earnings results on Tuesday, October 31st. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.13). Endurance International Group 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 analysts’ expectations of $290.45 million. During the same quarter in the prior year, the business earned ($0.24) EPS. The company’s quarterly revenue was up 1.4% compared to the same quarter last year. analysts expect that Endurance International Group Holdings Inc will post -1 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Endurance International Group Holdings Inc (EIGI) Stake Lowered by Cornerstone Capital Management Holdings LLC.” was published by Community Financial News and is the sole property of of Community Financial News. If you are viewing this article on another website, it was stolen and republished in violation of U.S. & international copyright and trademark legislation. The legal version of this article can be accessed at https://www.com-unik.info/2017/12/23/endurance-international-group-holdings-inc-eigi-stake-lowered-by-cornerstone-capital-management-holdings-llc.html.

Endurance International Group Company 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.

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

Receive News & Ratings for Endurance International Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endurance International Group and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit