Engility Holdings Inc. (EGL) Shares Down 2.1%
Engility Holdings Inc. (NYSE:EGL) shares were down 2.1% during mid-day trading on Monday . The stock traded as low as $31.90 and last traded at $31.98, with a volume of 51,889 shares. The stock had previously closed at $32.66.
EGL has been the topic of a number of recent research reports. FBR & Co raised their target price on Engility Holdings from $25.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, July 26th. Jefferies Group raised their target price on Engility Holdings from $27.00 to $37.00 and gave the company a “buy” rating in a report on Friday. Cowen and Company initiated coverage on Engility Holdings in a report on Wednesday, June 22nd. They issued an “outperform” rating and a $27.00 target price on the stock. Zacks Investment Research upgraded Engility Holdings from a “hold” rating to a “strong-buy” rating and set a $34.00 target price on the stock in a report on Tuesday, July 26th. Finally, SunTrust Banks Inc. initiated coverage on Engility Holdings in a report on Thursday, July 21st. They issued a “buy” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $29.00.
The company’s 50 day moving average price is $25.48 and its 200 day moving average price is $20.18. The firm’s market capitalization is $1.17 billion.
Engility Holdings (NYSE:EGL) last posted its earnings results on Monday, August 1st. The company reported $0.34 earnings per share for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The firm had revenue of $535 million for the quarter, compared to analysts’ expectations of $519.69 million. During the same quarter last year, the company posted $0.51 EPS. The firm’s revenue was down 6.9% on a year-over-year basis. On average, analysts anticipate that Engility Holdings Inc. will post $1.21 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 that occurred 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 owns 2,608 shares in the company, valued at approximately $60,401.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Other hedge funds and institutional investors have recently bought and sold shares of the company. Victory Capital Management Inc. increased its position in 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. Russell Frank Co purchased a new position in Engility Holdings during the fourth quarter worth $1,244,000. Finally, First Trust Advisors LP increased its position in 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.
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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