Here is the rundown on market activity for Endurance International Group H (NASDAQ:EIGI). Yesterday CFO Marc Montagner disclosed the sale of 10,490 shares of EIGI stock. The shares were purchased at an average price of $8.25. The CFO now owns $1,538,361 of the stock according to the SEC filing. Chandler Reedy, Director reported the purchase of 666,000 shares of (EIGI). The shares were bought on August 8th for a price of $6.87. Reedy now owns $332,260,378 of the stock per the Form 4 SEC filing.
James Neary, Director disclosed the purchase of 666,000 shares. The shares sold for $6.87. The Director now owns $332,260,378 of the stock according to the SEC filing.
Here are a few additional firms who have increased or decreased their stake in (EIGI). As of the end of the quarter Schwab Charles Investment Management Inc had bought a total of 244,702 shares growing its holdings by 121.4%. The value of the company’s investment in Endurance International Group H increased from $2,204,000 to $4,013,000 a change of $1,809,000 quarter to quarter. As of quarter end Price T Rowe Associates Inc /md/ had disposed of 3,218,542 shares trimming its position 26.4%. The value of the investment in Endurance International Group H went from $128,573,000 to $80,835,000 a change of 37.1% since the last quarter.
Lmm LLC trimmed its stake by selling 164,925 shares a decrease of 2.9% as of 06/30/2016. Lmm LLC now holds 5,559,100 shares with a value of $49,976,000. The value of the position overall is down by 17.1%. As of the end of the quarter Roystone Capital Management Lp had disposed of a total of 903,000 shares trimming its stake by 14.1%. The value of the investment in (EIGI) decreased from $67,381,000 to $49,409,000 decreasing 26.7% for the reporting period.
Equity analyst Morgan Stanley issued its first research report on the stock setting a rating of “Equal-weight” and a price target of $12.00. On March 1, 2016 Goldman Sachs added EIGI to its research portfolio giving it an initial rating of “Neutral”.
February 19 investment analysts at Deutsche Bank maintained a company rating of “Hold” and lowered the price target from $12.00 to $10.00. On November 5 the company was upgraded to “Outperform” from “Perform” in a report issued by Oppenheimer.
On November 2 the stock rating was downgraded from “Outperform” to “Market Perform” in a statement from Cowen & Company. Deutsche Bank started covering the stock with a rating of “Hold” and establishing a price target of $19.00.
The company is now up by 4.90 percent from yesterday’s close. Company shares last traded at $9.00 barely above $8.08, the stock’s 50 day moving average and which is a tad under the 200 day moving average of $9.10. The 50 day moving average was up $0.92 and the 200 day average was down $-0.10.
As of the last earnings report the EPS was $-0.23 and is estimated to be $-0.43 for the current year with 141,210,000 shares presently outstanding. Analysts expect next quarter’s EPS to be $-0.23 with next year’s EPS anticipated to be $-1.08.
Traders are more bearish on the company recently looking at the motion in short interest. The stock experienced a rise in short interest of 0.04% between August 31, 2016 and September 15, 2016. Short interest increased from 5,461,012 to 5,677,923 over that timeframe. Days to cover increased from 11.5 to 11.7 and the percentage of shorted shares is 0.04% as of September 15.