Engility Holdings Inc. (EGL) Sees Unusually-High Trading Volume
Shares of Engility Holdings Inc. (NYSE:EGL) saw an uptick in trading volume on Monday . 482,370 shares changed hands during mid-day trading, an increase of 164% from the previous session’s volume of 182,708 shares.The stock last traded at $29.18 and had previously closed at $25.87.
A number of research firms have recently commented on EGL. SunTrust Banks Inc. began coverage on Engility Holdings in a research note on Thursday. They issued a “buy” rating and a $30.00 price objective on the stock. Zacks Investment Research upgraded Engility Holdings from a “hold” rating to a “buy” rating and set a $27.00 price objective on the stock in a research note on Tuesday, May 10th. Cowen and Company began coverage on Engility Holdings in a research note on Wednesday, June 22nd. They issued an “outperform” rating and a $27.00 price objective on the stock. Paradigm Capital lowered Engility Holdings from a “buy” rating to a “hold” rating in a research note on Thursday, April 7th. Finally, FBR & Co reiterated a “buy” rating on shares of Engility Holdings in a research note on Friday, April 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the company’s stock. Engility Holdings currently has a consensus rating of “Buy” and an average price target of $24.86.
The company’s market cap is $1.06 billion. The firm’s 50 day moving average price is $23.43 and its 200-day moving average price is $19.93.
Engility Holdings (NYSE:EGL) last announced its quarterly earnings results on Thursday, May 5th. The company reported $0.24 EPS for the quarter, topping the 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 firm earned $0.40 EPS. The firm’s revenue for the quarter was down 86.8% compared to the same quarter last year. On average, analysts predict 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 business’s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $23.16, for a total value of $104,358.96. Following the sale, the chief accounting officer now owns 2,608 shares in the company, valued at approximately $60,401.28. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Several hedge funds have bought and sold shares of the company. California State Teachers Retirement System increased its stake in 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. First Trust Advisors LP increased 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. Russell Frank Co acquired a new stake in Engility Holdings during the fourth quarter worth $1,244,000. Boston Partners acquired a new stake in Engility Holdings during the fourth quarter worth $6,178,000. Finally, Victory Capital Management Inc. increased 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.
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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