Engility Holdings Inc. (EGL) Sees Large Volume Increase
Engility Holdings Inc. (NYSE:EGL) saw unusually-strong trading volume on Monday . Approximately 238,462 shares traded hands during trading, an increase of 3% from the previous session’s volume of 231,224 shares.The stock last traded at $32.25 and had previously closed at $31.98.
A number of equities analysts recently issued reports on EGL shares. FBR & Co restated a “buy” rating and set a $25.00 price objective on shares of Engility Holdings in a report on Friday, May 6th. Jefferies Group reiterated a “buy” rating and issued a $25.00 target price on shares of Engility Holdings in a report on Friday, May 6th. 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 for the company. 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 for the company. Finally, Zacks Investment Research upgraded Engility Holdings from a “hold” rating to a “buy” rating and set a $27.00 target price for the company in a report on Tuesday, May 10th. Four investment analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $29.88.
The firm has a 50 day moving average price of $27.48 and a 200 day moving average price of $20.98. The company’s market capitalization is $1.10 billion.
Engility Holdings (NYSE:EGL) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.34 EPS for the quarter, beating the 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’s revenue for the quarter was down 6.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.51 EPS. On average, equities analysts anticipate that Engility Holdings Inc. will post $1.31 earnings per share for the current fiscal year.
In related news, CAO Richard B. Harkey sold 4,506 shares of the stock in a transaction that occurred 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 completion of the sale, the chief accounting officer now owns 2,608 shares of the company’s stock, valued at $60,401.28. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
An institutional investor recently raised its position in Engility Holdings stock. First Trust Advisors LP raised its stake in Engility Holdings Inc. (NYSE:EGL) by 45.2% during the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 36,465 shares of the company’s stock after buying an additional 11,346 shares during the period. First Trust Advisors LP owned 0.10% of Engility Holdings worth $1,184,000 at the end of the most recent reporting 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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