Engility Holdings Inc. (EGL) Trading Up 3.2%
Shares of Engility Holdings Inc. (NYSE:EGL) were up 3.2% on Thursday . The stock traded as high as $26.97 and last traded at $26.46, with a volume of 326,598 shares traded. The stock had previously closed at $25.64.
Several analysts have recently weighed in on EGL shares. Paradigm Capital downgraded Engility Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. FBR & Co restated a “buy” rating on shares of Engility Holdings in a research note on Friday, April 22nd. Jefferies Group restated a “buy” rating and set a $25.00 price target on shares of Engility Holdings in a research note on Friday, May 6th. Zacks Investment Research upgraded Engility Holdings from a “hold” rating to a “buy” rating and set a $27.00 price target on the stock in a research note on Tuesday, May 10th. Finally, Cowen and Company began coverage on Engility Holdings in a research note on Wednesday, June 22nd. They set an “outperform” rating and a $27.00 price target on the stock. One research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $24.86.
The company’s market cap is $950.70 million. The stock’s 50-day moving average is $23.26 and its 200-day moving average is $20.10.
Engility Holdings (NYSE:EGL) last issued its earnings results on Thursday, May 5th. The company reported $0.24 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.20 by $0.04. The company earned $53 million during the quarter, compared to analysts’ expectations of $516.85 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm’s quarterly revenue was down 86.8% compared to the same quarter last year. Equities research analysts expect that Engility Holdings Inc. will post $1.08 EPS for the current fiscal year.
In other Engility Holdings news, CAO Richard B. Harkey sold 4,506 shares of the company’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $23.16, for a total value of $104,358.96. Following the completion of the sale, 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 document filed with the SEC, which can be accessed through this link.
Other institutional investors have made changes to their positions in the company. California State Teachers Retirement System raised its position 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 valued at $1,081,000 after buying an additional 618 shares during the period. First Trust Advisors LP raised its position 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 valued at $1,184,000 after buying an additional 11,346 shares during the period. Russell Frank Co acquired a new position in shares of Engility Holdings during the fourth quarter valued at approximately $1,244,000. Boston Partners acquired a new position in shares of Engility Holdings during the fourth quarter valued at approximately $6,178,000. Finally, Victory Capital Management Inc. raised 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.
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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