Engility Holdings, Inc. (NYSE:EGL) was downgraded by Vertical Research from a “hold” rating to a “sell” rating in a research note issued to investors on Friday, November 3rd.
EGL has been the topic of a number of other reports. Maxim Group reissued a “hold” rating on shares of Engility Holdings in a report on Thursday, August 3rd. Zacks Investment Research raised Engility Holdings from a “sell” rating to a “hold” rating and set a $35.00 price target on the stock in a research note on Monday, August 7th. Cowen and Company restated a “hold” rating on shares of Engility Holdings in a research report on Tuesday, July 11th. Noble Financial lowered Engility Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, ValuEngine upgraded Engility Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $35.67.
Engility Holdings (NYSE:EGL) traded down $0.11 during mid-day trading on Friday, reaching $27.05. The company’s stock had a trading volume of 165,300 shares, compared to its average volume of 128,174. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.34 and a quick ratio of 1.34. The company has a market capitalization of $1,000.16, a PE ratio of 11.91 and a beta of 2.09. Engility Holdings has a 12 month low of $25.70 and a 12 month high of $39.16.
Engility Holdings (NYSE:EGL) last issued its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.26 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.28). The business had revenue of $487.10 million during the quarter, compared to the consensus estimate of $496.84 million. Engility Holdings had a return on equity of 11.87% and a net margin of 1.57%. During the same period in the prior year, the firm earned $0.52 earnings per share. The business’s quarterly revenue was down 4.8% on a year-over-year basis. analysts predict that Engility Holdings will post 2.22 EPS for the current fiscal year.
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In other news, Director William G. Tobin sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $30.82, for a total transaction of $92,460.00. Following the sale, the director now directly owns 6,290 shares in the company, valued at $193,857.80. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.57% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Royce & Associates LP boosted its stake in Engility Holdings by 44.8% in the 3rd quarter. Royce & Associates LP now owns 378,147 shares of the aerospace company’s stock valued at $13,114,000 after buying an additional 117,000 shares in the last quarter. Wells Fargo & Company MN boosted its stake in Engility Holdings by 54.1% in the 3rd quarter. Wells Fargo & Company MN now owns 21,945 shares of the aerospace company’s stock valued at $761,000 after buying an additional 7,706 shares in the last quarter. Citadel Advisors LLC boosted its stake in Engility Holdings by 54.6% in the third quarter. Citadel Advisors LLC now owns 23,890 shares of the aerospace company’s stock worth $829,000 after purchasing an additional 8,442 shares in the last quarter. SG Americas Securities LLC acquired a new position in Engility Holdings in the third quarter worth $124,000. Finally, Municipal Employees Retirement System of Michigan boosted its stake in Engility Holdings by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,620 shares of the aerospace company’s stock worth $230,000 after purchasing an additional 2,450 shares in the last quarter. 92.97% of the stock is currently owned by institutional investors and hedge funds.
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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