Zacks Investment Research lowered shares of Engility (NYSE:EGL) from a hold rating to a strong sell rating in a report published on Tuesday.

According to Zacks, “Engility Holdings, Inc. is engaged in providing government services in engineering, professional support and mission support to customers in the U.S. Department of Defense, Federal civilian agencies and allied foreign governments. Its core offerings include SETA Support, Professional Services, Education and Training, Operational Support, Logistics, International Capacity Development and Linguistics. Engility Holdings, Inc. is headquartered in Chantilly, VA. “

Several other analysts have also issued reports on the company. Maxim Group reissued a hold rating on shares of Engility in a report on Friday, November 3rd. Vertical Research lowered Engility from a hold rating to a sell rating in a report on Friday, November 3rd. Drexel Hamilton lowered Engility from a buy rating to a hold rating in a report on Monday, December 18th. Noble Financial raised Engility from a hold rating to a buy rating in a report on Tuesday, November 14th. Finally, FBR & Co reissued a buy rating on shares of Engility in a report on Monday, October 16th. Three investment analysts have rated the stock with a sell rating, five have issued a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of Hold and a consensus price target of $35.00.

Engility (EGL) traded up $0.17 during trading hours on Tuesday, reaching $27.84. The company’s stock had a trading volume of 269,092 shares, compared to its average volume of 122,600. Engility has a twelve month low of $25.70 and a twelve month high of $35.63. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.31. The company has a market capitalization of $1,028.15, a price-to-earnings ratio of 33.95 and a beta of 2.01.

Engility (NYSE:EGL) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.54 by ($0.28). Engility had a net margin of 1.57% and a return on equity of 11.87%. The company had revenue of $487.10 million for the quarter, compared to the consensus estimate of $496.84 million. During the same period in the prior year, the firm posted $0.52 EPS. The business’s revenue for the quarter was down 4.8% on a year-over-year basis. equities analysts anticipate that Engility will post 2.19 earnings per share for the current year.

In other news, Director Peter Marino sold 15,000 shares of the business’s stock in a transaction dated Wednesday, November 15th. The stock was sold at an average price of $28.39, for a total value of $425,850.00. Following the transaction, the director now directly owns 1,213 shares in the company, valued at $34,437.07. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas O. Miiller sold 4,483 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $28.59, for a total value of $128,168.97. Following the completion of the transaction, the senior vice president now owns 10,154 shares in the company, valued at $290,302.86. The disclosure for this sale can be found here. Insiders sold 23,908 shares of company stock worth $673,910 over the last 90 days. Company insiders own 0.41% of the company’s stock.

Institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in shares of Engility in the third quarter valued at about $124,000. Municipal Employees Retirement System of Michigan lifted its position in shares of Engility by 58.8% in the third quarter. Municipal Employees Retirement System of Michigan now owns 6,620 shares of the aerospace company’s stock valued at $230,000 after acquiring an additional 2,450 shares in the last quarter. OxFORD Asset Management LLP purchased a new position in shares of Engility in the second quarter valued at about $206,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Engility in the third quarter worth about $266,000. Finally, BNP Paribas Arbitrage SA lifted its position in shares of Engility by 28.9% in the second quarter. BNP Paribas Arbitrage SA now owns 8,777 shares of the aerospace company’s stock worth $249,000 after buying an additional 1,968 shares in the last quarter. Institutional investors and hedge funds own 92.64% of the company’s stock.

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About Engility

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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