Okumus Fund Management Ltd. adds Endurance International Group Hldgs Inc (EIGI) to its portfolio

Endurance International Group Hldgs Inc (EIGI) : Okumus Fund Management Ltd. added new position in Endurance International Group Hldgs Inc during the most recent quarter end. The investment management firm now holds 998,221 shares of Endurance International Group Hldgs Inc which is valued at $7,836,035 , the company said in a statement filed on Aug 15, 2016 with the SEC.Endurance International Group Hldgs Inc makes up approximately 1.25% of Okumus Fund Management Ltd.’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management sold out all of its stake in EIGI during the most recent quarter. The investment firm sold 11,692 shares of EIGI which is valued $91,782.Credit Suisse Ag boosted its stake in EIGI in the latest quarter, The investment management firm added 20,046 additional shares and now holds a total of 112,065 shares of Endurance International Group Hldgs Inc which is valued at $879,710.Blackrock Investment Management boosted its stake in EIGI in the latest quarter, The investment management firm added 21,049 additional shares and now holds a total of 221,173 shares of Endurance International Group Hldgs Inc which is valued at $1,736,208.Dimensional Fund Advisors Lp reduced its stake in EIGI by selling 13,187 shares or 4.91% in the most recent quarter. The Hedge Fund company now holds 255,203 shares of EIGI which is valued at $1,809,389.Swiss National Bank boosted its stake in EIGI in the latest quarter, The investment management firm added 6,500 additional shares and now holds a total of 107,400 shares of Endurance International Group Hldgs Inc which is valued at $721,191.

Endurance International Group Hldgs Inc opened for trading at $7.95 and hit $7.97 on the upside on Thursday, eventually ending the session at $7.97, with a gain of 0.25% or 0.02 points. The heightened volatility saw the trading volume jump to 5,34,057 shares. Company has a market cap of $1,125 M.

On the company’s financial health, Endurance International Group Hldgs Inc reported $-0.21 EPS for the quarter, missing the analyst consensus estimate by $ -0.55 based on the information available during the earnings call on Aug 2, 2016. Analyst had a consensus of $0.34. The company had revenue of $292.60 million for the quarter, compared to analysts expectations of $295.32 million. The company’s revenue was up 60.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-0.02 EPS.

Many Wall Street Analysts have commented on Endurance International Group Hldgs Inc. Endurance International Group Hldgs Inc was Downgraded by Wells Fargo to ” Market Perform” on Aug 3, 2016.

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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