Warburg Pincus buys $366,650,592 stake in Endurance International Group Hldgs Inc (EIGI)

Endurance International Group Hldgs Inc (EIGI) : Warburg Pincus scooped up 4,680,700 additional shares in Endurance International Group Hldgs Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 52,378,656 shares of Endurance International Group Hldgs Inc which is valued at $366,650,592.Endurance International Group Hldgs Inc makes up approximately 7.19% of Warburg Pincus’s portfolio.

Other Hedge Funds, Including , D. E. Shaw boosted its stake in EIGI in the latest quarter, The investment management firm added 38,499 additional shares and now holds a total of 254,494 shares of Endurance International Group Hldgs Inc which is valued at $1,845,082. Trexquant Investment Lp added EIGI to its portfolio by purchasing 35,300 company shares during the most recent quarter which is valued at $238,275. Endurance International Group Hldgs Inc makes up approx 0.05% of Trexquant Investment Lp’s portfolio. Cipher Capital Lp added EIGI to its portfolio by purchasing 46,322 company shares during the most recent quarter which is valued at $312,674. Endurance International Group Hldgs Inc makes up approx 0.02% of Cipher Capital Lp’s portfolio. Alambic Investment Management added EIGI to its portfolio by purchasing 10,400 company shares during the most recent quarter which is valued at $76,440. Endurance International Group Hldgs Inc makes up approx 0.02% of Alambic Investment Management’s portfolio. First New York Securities Ny added EIGI to its portfolio by purchasing 8,450 company shares during the most recent quarter which is valued at $66,333. Endurance International Group Hldgs Inc makes up approx 0.06% of First New York Securities Ny’s portfolio.

Endurance International Group Hldgs Inc opened for trading at $7.1 and hit $7.8 on the upside on Monday, eventually ending the session at $7.5, with a gain of 6.38% or 0.45 points. The heightened volatility saw the trading volume jump to 7,96,945 shares. Company has a market cap of $1,061 M.

On the company’s financial health, Endurance International Group Hldgs Inc reported $-0.24 EPS for the quarter, missing the analyst consensus estimate by $ -0.57 based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus of $0.33. The company had revenue of $291.20 million for the quarter, compared to analysts expectations of $283.12 million. The company’s revenue was up 54.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.12 EPS.

Many Wall Street Analysts have commented on Endurance International Group Hldgs Inc. Cantor Fitzgerald Initiated Endurance International Group Hldgs Inc on Oct 19, 2016 to “Hold”, Price Target of the shares are set at $9.

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. Leveraging the Company’s technology platform it serves approximately 4.1 million subscribers across the globe with an integrated suite of over 150 products and services that help SMBs get online get found and grow their businesses. The products and services available on its platform include domains Website builders Web hosting email security storage site backup search engine optimization (SEO) and search engine marketing (SEM) social media services Website analytics mobile device tools and productivity and e-commerce solutions. It conducts operations in the United States Brazil India and the United Kingdom. It also has third-party contract support services assisting customers in China and Singapore.

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