Zacks Investment Management Sells 3,988 Shares of Engility Holdings, Inc. (EGL)
Zacks Investment Management lessened its position in Engility Holdings, Inc. (NYSE:EGL) by 13.9% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 24,707 shares of the aerospace company’s stock after selling 3,988 shares during the period. Zacks Investment Management owned approximately 0.07% of Engility Holdings worth $702,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in the business. BlackRock Inc. grew its stake in Engility Holdings by 7.4% in the second quarter. BlackRock Inc. now owns 3,314,730 shares of the aerospace company’s stock valued at $94,140,000 after acquiring an additional 228,635 shares during the period. FMR LLC raised its position in shares of Engility Holdings by 3.0% during the second quarter. FMR LLC now owns 3,139,347 shares of the aerospace company’s stock worth $89,157,000 after purchasing an additional 91,414 shares during the period. Dimensional Fund Advisors LP raised its position in shares of Engility Holdings by 11.4% during the second quarter. Dimensional Fund Advisors LP now owns 1,192,908 shares of the aerospace company’s stock worth $33,878,000 after purchasing an additional 122,104 shares during the period. Victory Capital Management Inc. raised its position in shares of Engility Holdings by 6.2% during the second quarter. Victory Capital Management Inc. now owns 1,120,356 shares of the aerospace company’s stock worth $31,818,000 after purchasing an additional 65,803 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Engility Holdings by 3.6% during the second quarter. Vanguard Group Inc. now owns 966,040 shares of the aerospace company’s stock worth $27,436,000 after purchasing an additional 33,799 shares during the period. 92.56% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently issued reports on the company. BidaskClub upgraded Engility Holdings from a “hold” rating to a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research lowered shares of Engility Holdings from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. Cowen and Company restated a “hold” rating and set a $36.00 price target on shares of Engility Holdings in a research note on Wednesday, September 20th. ValuEngine downgraded shares of Engility Holdings from a “buy” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, Maxim Group restated a “hold” rating on shares of Engility Holdings in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $35.40.
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Shares of Engility Holdings, Inc. (NYSE:EGL) opened at 33.91 on Wednesday. Engility Holdings, Inc. has a 52 week low of $25.70 and a 52 week high of $39.16. The stock has a market capitalization of $1.25 billion, a P/E ratio of 277.95 and a beta of 2.06. The stock has a 50 day moving average price of $31.28 and a 200 day moving average price of $29.16.
Engility Holdings (NYSE:EGL) last released its earnings results on Thursday, August 3rd. The aerospace company reported $0.60 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $494.70 million during the quarter, compared to analyst estimates of $504.44 million. During the same period last year, the business earned $0.34 earnings per share. The business’s revenue was down 7.6% on a year-over-year basis. On average, equities research analysts expect that Engility Holdings, Inc. will post ($0.29) EPS for the current year.
In related news, SVP Thomas O. Miiller sold 8,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $31.06, for a total transaction of $248,480.00. Following the completion of the transaction, the senior vice president now owns 14,637 shares of the company’s stock, valued at approximately $454,625.22. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director William G. Tobin sold 3,000 shares of Engility Holdings stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $30.82, for a total value of $92,460.00. Following the transaction, the director now owns 6,290 shares of the company’s stock, valued at approximately $193,857.80. The disclosure for this sale can be found here. Corporate insiders own 0.41% of the company’s stock.
Engility Holdings Company Profile
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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