Endurance International Group H (NASDAQ:EIGI) has been the object of insider buying and selling activity recently. Yesterday CFO Marc Montagner disclosed the sale of 10,490 shares. The shares were purchased at an average price of $8.25. Montagner now owns $1,538,361 of the stock per the Form 4 SEC filing. Chandler Reedy, Director bought $4,575,420 worth of shares at a price of $6.87 on Mon the 8th. That brings Reedy’s holdings to $332,260,378 as reported to the SEC.
James Neary, Director purchased $4,575,420 worth of shares at a price of $6.87 on Mon the 8th. The Director now owns $332,260,378 of the stock as recorded in a recent Form 4 SEC filing.
Here are some other firms who have updated their holdings. Schwab Charles Investment Management Inc expanded its position by buying 244,702 shares an increase of 121.4%. Schwab Charles Investment Management Inc controls 446,300 shares valued at $4,013,000. The value of the position overall is up by 82.1%. Price T Rowe Associates Inc /md/ divested its investment by shedding 3,218,542 shares a decrease of 26.4% as of 06/30/2016. Price T Rowe Associates Inc /md/ currently owns 8,991,642 shares worth $80,835,000. The total value of its holdings decreased 37.1%.
Lmm LLC reduced its ownership by shedding 164,925 shares a decrease of 2.9% in the quarter. Lmm LLC claims 5,559,100 shares with a value of $49,976,000. The total value of its holdings decreased 17.1%. Roystone Capital Management Lp trimmed its holdings by selling 903,000 shares a decrease of 14.1% from 03/31/2016 to 06/30/2016. Roystone Capital Management Lp now controls 5,496,000 shares with a value of $49,409,000. The value of the position overall is down by 26.7%.
On March 28 analysts at Morgan Stanley starting coverage on the stock by announcing an initial rating of “Equal-weight” and a price target of $12.00. On March 1, 2016 Goldman Sachs initiated coverage on EIGI with a rating of “Neutral”.
On February 19 Deutsche Bank held the company rating at “Hold” and moved down the price target from $12.00 to $10.00. On November 5, 2015 the stock rating was changed to a “Outperform” in a report from Oppenheimer a boost from the previous “Perform” rating.
On November 2 the company was set at “Market Perform” by Cowen & Company down from the previous “Outperform” rating. Deutsche Bank started covering the stock giving it an initial rating of “Hold” and projecting a price target of $19.00.
The company is trading up since yesterday’s close of $8.58. Company shares last traded at $9.00 a tad higher than $8.08, the 50 day moving average and which is marginally lower than the 200 day moving average of $9.10. The 50 day moving average went up by +11.38% whereas the 200 day average was down by -1.07%.
As of the last earnings report the EPS was $-0.23 and is projected to be $-0.43 for the current year with 141,210,000 shares currently outstanding. Next quarter’s EPS is forecasted to be $-0.23 with next year’s EPS anticipated to be $-1.08.
Short traders are more bearish lately if you pay attention to the rise in short interest. The stock experienced a rise in short interest of 0.04% as of the latest report on September 15, 2016. Short interest grew 216,911 over that period. The days to cover increased to 11.7 and the short interest percentage is 0.04% as of September 15.