SG Americas Securities LLC Has $1.31 Million Holdings in Endurance International Group Holdings Inc (EIGI)

SG Americas Securities LLC lifted its holdings in shares of Endurance International Group Holdings Inc (NASDAQ:EIGI) by 211.4% in the third quarter, HoldingsChannel reports. The institutional investor owned 148,337 shares of the software maker’s stock after purchasing an additional 100,699 shares during the period. SG Americas Securities LLC’s holdings in Endurance International Group were worth $1,305,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of EIGI. Renaissance Technologies LLC raised its stake in shares of Endurance International Group by 63.4% during the 2nd quarter. Renaissance Technologies LLC now owns 3,271,373 shares of the software maker’s stock worth $32,550,000 after buying an additional 1,269,194 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Endurance International Group by 15.6% during the 3rd quarter. First Trust Advisors LP now owns 7,527,601 shares of the software maker’s stock worth $66,243,000 after buying an additional 1,014,662 shares in the last quarter. BlackRock Inc. raised its stake in shares of Endurance International Group by 24.9% during the 2nd quarter. BlackRock Inc. now owns 4,642,169 shares of the software maker’s stock worth $46,189,000 after buying an additional 924,079 shares in the last quarter. Millennium Management LLC raised its stake in shares of Endurance International Group by 158.4% during the 2nd quarter. Millennium Management LLC now owns 775,122 shares of the software maker’s stock worth $7,712,000 after buying an additional 475,139 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of Endurance International Group by 39.4% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,282,767 shares of the software maker’s stock worth $12,763,000 after buying an additional 362,233 shares in the last quarter. 91.29% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research raised Endurance International Group from a “hold” rating to a “buy” rating and set a $11.00 target price for the company in a research note on Tuesday, October 30th. ValuEngine downgraded Endurance International Group from a “buy” rating to a “hold” rating in a research note on Tuesday, November 20th. BidaskClub downgraded Endurance International Group from a “buy” rating to a “hold” rating in a research note on Saturday, September 22nd. Oppenheimer downgraded Endurance International Group from an “outperform” rating to a “market perform” rating in a research note on Wednesday, November 7th. Finally, TheStreet downgraded Endurance International Group from a “c” rating to a “d+” rating in a research note on Friday, October 26th. 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. The stock presently has a consensus rating of “Hold” and an average price target of $9.21.

NASDAQ EIGI opened at $8.19 on Friday. Endurance International Group Holdings Inc has a 1-year low of $6.95 and a 1-year high of $10.95. The company has a debt-to-equity ratio of 11.46, a quick ratio of 0.44 and a current ratio of 0.44.

Endurance International Group (NASDAQ:EIGI) last released its quarterly earnings data on Thursday, October 25th. The software maker reported ($0.04) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.01. Endurance International Group had a negative return on equity of 5.96% and a negative net margin of 0.68%. The firm had revenue of $283.77 million during the quarter, compared to the consensus estimate of $284.53 million. On average, research analysts predict 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 firm’s stock in a transaction that occurred on Wednesday, October 17th. The stock was sold at an average price of $8.83, for a total value of $201,880.29. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Marc Montagner sold 9,424 shares of the firm’s stock in a transaction that occurred on 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. Insiders sold a total of 32,608 shares of company stock valued at $291,348 over the last ninety days. 58.20% of the stock is currently owned by company insiders.

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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.

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Want to see what other hedge funds are holding EIGI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Endurance International Group Holdings Inc (NASDAQ:EIGI).

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

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