Engility Holdings Inc. (EGL) Shares Down 2.1%
Engility Holdings Inc. (NYSE:EGL) shares fell 2.1% during trading on Friday . The company traded as low as $25.88 and last traded at $25.88, with a volume of 90,160 shares changing hands. The stock had previously closed at $26.44.
A number of research firms recently commented on EGL. Paradigm Capital cut Engility Holdings from a “buy” rating to a “hold” rating in a report on Thursday, April 7th. FBR & Co reissued a “buy” rating and issued a $25.00 target price on shares of Engility Holdings in a research report on Friday, May 6th. Jefferies Group reissued a “buy” rating and issued a $25.00 target price on shares of Engility Holdings in a research report on Friday, May 6th. Zacks Investment Research lowered Engility Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. 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 target price on the stock. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $24.86.
The firm has a 50 day moving average price of $23.26 and a 200-day moving average price of $20.10. The company’s market cap is $950.70 million.
Engility Holdings (NYSE:EGL) last issued its quarterly earnings data on Thursday, May 5th. The company reported $0.24 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.20 by $0.04. During the same period last year, the business earned $0.40 earnings per share. The business had revenue of $53 million for the quarter, compared to analysts’ expectations of $516.85 million. The company’s revenue for the quarter was down 86.8% on a year-over-year basis. On average, equities research analysts forecast that Engility Holdings Inc. will post $1.08 EPS for the current fiscal year.
In related news, CAO Richard B. Harkey sold 4,506 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $23.16, for a total transaction of $104,358.96. Following the sale, the chief accounting officer now owns 2,608 shares in the company, valued at $60,401.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Other hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. raised 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. Boston Partners purchased a new stake in shares of Engility Holdings during the fourth quarter worth about $6,178,000. Russell Frank Co purchased a new stake in shares of Engility Holdings during the fourth quarter worth about $1,244,000. First Trust Advisors LP raised 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. Finally, California State Teachers Retirement System raised 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.
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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