Citigroup Inc. Acquires 35,512 Shares of Endurance International Group Holdings, Inc. (EIGI)

Citigroup Inc. grew its holdings in Endurance International Group Holdings, Inc. (NASDAQ:EIGI) by 110.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 67,581 shares of the software maker’s stock after purchasing an additional 35,512 shares during the quarter. Citigroup Inc.’s holdings in Endurance International Group Holdings were worth $564,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. JPMorgan Chase & Co. boosted its stake in shares of Endurance International Group Holdings by 14.3% in the first quarter. JPMorgan Chase & Co. now owns 55,912 shares of the software maker’s stock valued at $438,000 after purchasing an additional 7,011 shares during the period. Prudential Financial Inc. boosted its stake in shares of Endurance International Group Holdings by 521.8% in the first quarter. Prudential Financial Inc. now owns 397,300 shares of the software maker’s stock valued at $3,119,000 after purchasing an additional 333,400 shares during the period. Credit Suisse AG boosted its stake in shares of Endurance International Group Holdings by 375.4% in the first quarter. Credit Suisse AG now owns 266,510 shares of the software maker’s stock valued at $2,093,000 after purchasing an additional 210,449 shares during the period. Gotham Asset Management LLC purchased a new position in shares of Endurance International Group Holdings in the first quarter valued at approximately $311,000. Finally, Tudor Investment Corp ET AL boosted its stake in shares of Endurance International Group Holdings by 48.3% in the first quarter. Tudor Investment Corp ET AL now owns 38,437 shares of the software maker’s stock valued at $302,000 after purchasing an additional 12,525 shares during the period. 86.41% of the stock is owned by institutional investors and hedge funds.

In other Endurance International Group Holdings news, CFO Marc Montagner sold 6,877 shares of the stock in a transaction that occurred on Monday, September 18th. The shares were sold at an average price of $7.55, for a total value of $51,921.35. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider John Orlando sold 8,531 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $7.85, for a total transaction of $66,968.35. The disclosure for this sale can be found here. Insiders sold 27,402 shares of company stock valued at $211,892 in the last ninety days. 58.20% of the stock is owned by corporate insiders.

Several research firms have recently commented on EIGI. BidaskClub lowered shares of Endurance International Group Holdings from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. Zacks Investment Research lowered shares of Endurance International Group Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 4th. Jefferies Group LLC reissued a “buy” rating and issued a $10.50 price objective on shares of Endurance International Group Holdings in a research note on Friday, June 23rd. SunTrust Banks, Inc. reissued a “hold” rating and issued a $8.00 price objective on shares of Endurance International Group Holdings in a research note on Thursday. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of Endurance International Group Holdings in a research note on Monday, June 26th. Six equities research analysts have rated the stock with a sell rating and two have assigned a hold rating to the stock. Endurance International Group Holdings currently has an average rating of “Sell” and an average target price of $7.50.

Endurance International Group Holdings, Inc. (EIGI) opened at 7.95 on Friday. The stock’s market cap is $1.14 billion. Endurance International Group Holdings, Inc. has a 52 week low of $6.20 and a 52 week high of $9.85. The company has a 50-day moving average of $7.79 and a 200-day moving average of $7.92.

Endurance International Group Holdings (NASDAQ:EIGI) last issued its quarterly earnings data on Tuesday, August 1st. The software maker reported ($0.29) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.18) by ($0.11). Endurance International Group Holdings had a negative net margin of 12.05% and a negative return on equity of 122.84%. The firm had revenue of $292.26 million during the quarter, compared to analyst estimates of $289.40 million. During the same period last year, the business earned ($0.21) EPS. The firm’s revenue was up .5% compared to the same quarter last year. On average, analysts predict that Endurance International Group Holdings, Inc. will post ($0.87) EPS for the current fiscal year.

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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.

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

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