Alliancebernstein L.P. reduced its position in Engility Holdings, Inc. (NYSE:EGL) by 83.2% during the first quarter, Holdings Channel reports. The institutional investor owned 19,700 shares of the aerospace company’s stock after selling 97,400 shares during the period. Alliancebernstein L.P.’s holdings in Engility Holdings were worth $570,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of EGL. Louisiana State Employees Retirement System increased its stake in Engility Holdings by 1.4% in the first quarter. Louisiana State Employees Retirement System now owns 7,200 shares of the aerospace company’s stock worth $208,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System increased its stake in Engility Holdings by 1.1% in the first quarter. Arizona State Retirement System now owns 9,180 shares of the aerospace company’s stock worth $266,000 after buying an additional 100 shares in the last quarter. Wells Fargo & Company MN increased its stake in Engility Holdings by 1.0% in the first quarter. Wells Fargo & Company MN now owns 13,104 shares of the aerospace company’s stock worth $379,000 after buying an additional 135 shares in the last quarter. Mason Street Advisors LLC increased its stake in Engility Holdings by 7.0% in the first quarter. Mason Street Advisors LLC now owns 4,128 shares of the aerospace company’s stock worth $119,000 after buying an additional 271 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its stake in Engility Holdings by 6.7% in the fourth quarter. Thrivent Financial for Lutherans now owns 9,542 shares of the aerospace company’s stock worth $322,000 after buying an additional 600 shares in the last quarter. Institutional investors own 90.88% of the company’s stock.

Shares of Engility Holdings, Inc. (NYSE EGL) opened at 30.98 on Tuesday. Engility Holdings, Inc. has a 12 month low of $25.70 and a 12 month high of $39.16. The firm’s 50-day moving average price is $28.75 and its 200-day moving average price is $28.95. The stock’s market capitalization is $1.14 billion.

Engility Holdings (NYSE:EGL) last released its earnings results on Thursday, August 3rd. The aerospace company reported $0.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.09. Engility Holdings had a net margin of 0.22% and a return on equity of 11.49%. The business had revenue of $494.70 million for the quarter, compared to analyst estimates of $504.44 million. During the same period last year, the company posted $0.34 EPS. The business’s revenue was down 7.6% on a year-over-year basis. On average, equities research analysts forecast that Engility Holdings, Inc. will post ($0.29) EPS for the current year.

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A number of equities research analysts recently commented on the company. Cowen and Company reiterated a “hold” rating on shares of Engility Holdings in a research report on Tuesday, July 11th. Noble Financial reiterated a “buy” rating on shares of Engility Holdings in a research report on Saturday, June 17th. Zacks Investment Research upgraded Engility Holdings from a “sell” rating to a “hold” rating in a research report on Monday. Maxim Group restated a “hold” rating on shares of Engility Holdings in a research report on Thursday, August 3rd. Finally, BidaskClub downgraded Engility Holdings from a “hold” rating to a “sell” rating in a research report on Friday, July 28th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $35.60.

About Engility Holdings

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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Institutional Ownership by Quarter for Engility Holdings (NYSE:EGL)

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