Engility Holdings Inc. (EGL) Trading Up 5.6%
Engility Holdings Inc. (NYSE:EGL) was up 5.6% on Friday . The company 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 research analysts have recently commented on EGL shares. 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 report on Tuesday, May 10th. Jefferies Group reissued a “buy” rating and issued a $25.00 price target on shares of Engility Holdings in a research report on Friday, May 6th. FBR & Co reissued a “buy” rating and issued a $25.00 price target on shares of Engility Holdings in a research report on Friday, May 6th. Paradigm Capital lowered Engility Holdings from a “buy” rating to a “hold” rating in a research report on Thursday, April 7th. Finally, Cowen and Company started coverage on Engility Holdings in a research report on Wednesday, June 22nd. They issued an “outperform” rating and a $27.00 price target for the company. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $24.00.
The firm’s 50 day moving average is $22.49 and its 200-day moving average is $20.44. The stock’s market cap is $900.72 million.
Engility Holdings (NYSE:EGL) last posted its quarterly earnings results on Thursday, May 5th. The company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.20 by $0.04. During the same quarter in the prior year, the business earned $0.40 earnings per share. The business earned $53 million during the quarter, compared to analyst estimates of $516.85 million. The firm’s quarterly revenue was down 86.8% on a year-over-year basis. Analysts forecast that Engility Holdings Inc. will post $1.08 earnings per share for the current year.
In other Engility Holdings news, CAO Richard B. Harkey sold 4,506 shares of the firm’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 sale, the chief accounting officer now directly owns 2,608 shares in the company, valued at $60,401.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Several hedge funds have recently bought and sold shares of EGL. Dimensional Fund Advisors LP boosted its stake in Engility Holdings by 18.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 976,798 shares of the company’s stock worth $31,726,000 after buying an additional 155,392 shares during the period. Victory Capital Management Inc. boosted its stake 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. Morgan Stanley boosted its stake in Engility Holdings by 184.5% in the fourth quarter. Morgan Stanley now owns 76,772 shares of the company’s stock worth $2,493,000 after buying an additional 49,787 shares during the period. Boston Partners purchased a new stake in Engility Holdings during the fourth quarter worth approximately $6,178,000. Finally, First Trust Advisors LP boosted its stake 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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