Engility Holdings Inc. (EGL) Shares Down 2.1%
Engility Holdings Inc. (NYSE:EGL) was down 2.1% during mid-day trading on Friday . The stock traded as low as $25.88 and last traded at $25.88, with a volume of 90,160 shares. The stock had previously closed at $26.44.
Several equities research analysts recently issued reports on EGL shares. SunTrust Banks Inc. started coverage on Engility Holdings in a research note on Thursday. They issued a “buy” rating and a $30.00 price objective for the company. Zacks Investment Research raised Engility Holdings from a “hold” rating to a “buy” rating and set a $27.00 price target for the company in a research note on Tuesday, May 10th. Jefferies Group reaffirmed a “buy” rating and set a $25.00 price target on shares of Engility Holdings in a research note on Friday, May 6th. FBR & Co reaffirmed a “buy” rating and set a $25.00 price target on shares of Engility Holdings in a research note on Friday, May 6th. Finally, Paradigm Capital downgraded Engility Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, April 7th. One analyst has rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $24.86.
The company’s 50-day moving average price is $23.20 and its 200 day moving average price is $20.14. The company’s market cap is $950.70 million.
Engility Holdings (NYSE:EGL) last announced its quarterly earnings data on Thursday, May 5th. The company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.04. The company had revenue of $53 million for the quarter, compared to analyst estimates of $516.85 million. The firm’s revenue for the quarter was down 86.8% on a year-over-year basis. During the same period last year, the firm earned $0.40 earnings per share. On average, equities research analysts expect that Engility Holdings Inc. will post $1.08 earnings per share for the current year.
In related 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 completion of the sale, the chief accounting officer now directly owns 2,608 shares of the company’s stock, valued at $60,401.28. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Other large investors recently made changes to their positions in the company. California State Teachers Retirement System boosted its stake in shares of Engility Holdings by 1.9% in the fourth quarter. California State Teachers Retirement System now owns 33,272 shares of the company’s stock worth $1,081,000 after buying an additional 618 shares during the period. First Trust Advisors LP boosted its stake in shares of Engility Holdings by 45.2% in the fourth quarter. First Trust Advisors LP now owns 36,465 shares of the company’s stock worth $1,184,000 after buying an additional 11,346 shares during the period. Russell Frank Co bought a new stake in shares of Engility Holdings during the fourth quarter worth approximately $1,244,000. Boston Partners bought a new stake in shares of Engility Holdings during the fourth quarter worth approximately $6,178,000. Finally, Victory Capital Management Inc. boosted its stake 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 worth $23,019,000 after buying an additional 58,235 shares during the period.
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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