Engility Holdings Inc. (EGL) Trading 5.6% Higher
Shares of Engility Holdings Inc. (NYSE:EGL) traded up 5.6% on Friday . The stock traded as high as $24.29 and last traded at $24.29, with a volume of 194,892 shares changing hands. The stock had previously closed at $23.01.
Several brokerages have recently issued reports on EGL. Cowen and Company began coverage on Engility Holdings in a research report on Wednesday, June 22nd. They issued an “outperform” rating and a $27.00 price objective on the stock. Zacks Investment Research upgraded Engility Holdings from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research report on Tuesday, May 10th. Jefferies Group restated a “buy” rating and issued a $25.00 price objective on shares of Engility Holdings in a research report on Friday, May 6th. FBR & Co restated a “buy” rating and issued a $25.00 price objective on shares of Engility Holdings in a research report on Friday, May 6th. Finally, Paradigm Capital downgraded Engility Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have issued a buy rating to the company’s stock. Engility Holdings currently has an average rating of “Buy” and a consensus price target of $24.00.
The firm’s market cap is $900.72 million. The firm has a 50-day moving average of $22.54 and a 200-day moving average of $20.40.
Engility Holdings (NYSE:EGL) last announced its earnings results on Thursday, May 5th. The company reported $0.24 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.04. During the same period in the previous year, the firm earned $0.40 EPS. The business had revenue of $53 million for the quarter, compared to the consensus estimate of $516.85 million. The firm’s revenue was down 86.8% on a year-over-year basis. Analysts predict that Engility Holdings Inc. will post $1.08 EPS for the current fiscal year.
In other news, CAO Richard B. Harkey sold 4,506 shares of Engility Holdings stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $23.16, for a total transaction of $104,358.96. Following the transaction, the chief accounting officer now directly owns 2,608 shares in the company, valued at approximately $60,401.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Several institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP boosted its position in shares of Engility Holdings by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 976,798 shares of the company’s stock valued at $31,726,000 after buying an additional 155,392 shares during the period. Victory Capital Management Inc. boosted its position in shares of Engility Holdings by 9.0% in the fourth quarter. Victory Capital Management Inc. now owns 708,696 shares of the company’s stock valued at $23,019,000 after buying an additional 58,235 shares during the period. Boston Partners purchased a new position in shares of Engility Holdings during the fourth quarter valued at about $6,178,000. Morgan Stanley boosted its position in shares of Engility Holdings by 184.5% in the fourth quarter. Morgan Stanley now owns 76,772 shares of the company’s stock valued at $2,493,000 after buying an additional 49,787 shares during the period. Finally, Russell Frank Co purchased a new position in shares of Engility Holdings during the fourth quarter valued at about $1,244,000.
Engility Holdings, Inc (Engility) is a provider of systems engineering services, training, program management, and operational support for the United States Government worldwide. The Company’s business is focused on providing a range of engineering, technical, analytical, advisory, training, logistics and support services.
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