JPMorgan Chase & Co. Sells 4,008 Shares of Engility Holdings Inc. (EGL)
JPMorgan Chase & Co. decreased its position in Engility Holdings Inc. (NYSE:EGL) by 1.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 223,681 shares of the company’s stock after selling 4,008 shares during the period. JPMorgan Chase & Co. owned 0.61% of Engility Holdings worth $4,724,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently bought and sold shares of the company. BlackRock Fund Advisors boosted its stake in Engility Holdings by 4.2% in the first quarter. BlackRock Fund Advisors now owns 1,335,918 shares of the company’s stock worth $25,062,000 after buying an additional 53,948 shares during the last quarter. Prudential Financial Inc. boosted its stake in Engility Holdings by 0.7% in the first quarter. Prudential Financial Inc. now owns 185,667 shares of the company’s stock worth $3,483,000 after buying an additional 1,200 shares during the last quarter. Ngam Advisors L.P. boosted its stake in Engility Holdings by 8.0% in the second quarter. Ngam Advisors L.P. now owns 181,309 shares of the company’s stock worth $3,830,000 after buying an additional 13,390 shares during the last quarter. Emerald Acquisition Ltd. bought a new stake in Engility Holdings during the second quarter worth $2,218,000. Finally, Ameriprise Financial Inc. boosted its stake in Engility Holdings by 5.3% in the second quarter. Ameriprise Financial Inc. now owns 84,471 shares of the company’s stock worth $1,784,000 after buying an additional 4,238 shares during the last quarter. 95.38% of the stock is owned by institutional investors.
Engility Holdings Inc. (NYSE:EGL) traded down 1.18% during trading on Friday, reaching $30.12. The company had a trading volume of 65,286 shares. The company has a 50-day moving average of $30.78 and a 200-day moving average of $25.53. Engility Holdings Inc. has a 52-week low of $11.46 and a 52-week high of $35.92. The firm’s market capitalization is $1.11 billion.
Engility Holdings (NYSE:EGL) last posted its earnings results on Monday, August 1st. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.06. The company earned $535 million during the quarter, compared to analyst estimates of $519.69 million. Engility Holdings had a positive return on equity of 9.03% and a negative net margin of 10.89%. The business’s revenue was down 6.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.51 earnings per share. Analysts expect that Engility Holdings Inc. will post ($0.44) EPS for the current fiscal year.
Several research firms have recently commented on EGL. FBR & Co raised their price target on Engility Holdings from $25.00 to $35.00 and gave the company an “outperform” rating in a report on Tuesday, July 26th. Stifel Nicolaus raised their price target on Engility Holdings from $34.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, August 16th. Jefferies Group raised their price target on Engility Holdings from $27.00 to $37.00 and gave the company a “buy” rating in a report on Friday, August 5th. Cowen and Company began coverage on Engility Holdings in a report on Wednesday, June 22nd. They issued an “outperform” rating and a $27.00 price target for the company. Finally, TheStreet raised Engility Holdings from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Four investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $31.00.
Engility Holdings Company Profile
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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