Engility Holdings Inc. (EGL) Sees Unusually-High Trading Volume
Engility Holdings Inc. (NYSE:EGL) shares saw strong trading volume on Friday . 224,091 shares changed hands during trading, an increase of 64% from the previous session’s volume of 136,233 shares.The stock last traded at $29.47 and had previously closed at $29.59.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research lowered shares of Engility Holdings from a “buy” rating to a “hold” rating in a research note on Monday, July 11th. FBR & Co lifted their target price on shares of Engility Holdings from $25.00 to $35.00 and gave the company an “outperform” rating in a research note on Tuesday, July 26th. Jefferies Group lifted their target price on shares of Engility Holdings from $27.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Cowen and Company started coverage on shares of Engility Holdings in a research note on Wednesday, June 22nd. They set an “outperform” rating and a $27.00 target price for the company. Finally, TheStreet upgraded shares of Engility Holdings from a “sell” rating to a “hold” rating in a report on Monday, August 8th. Four investment analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.00.
The company has a 50-day moving average of $30.68 and a 200 day moving average of $23.36. The stock’s market cap is $1.09 billion.
Engility Holdings (NYSE:EGL) last issued its earnings results on Monday, August 1st. The company reported $0.34 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.28 by $0.06. Engility Holdings had a negative net margin of 10.89% and a positive return on equity of 9.03%. The firm earned $535 million during the quarter, compared to the consensus estimate of $519.69 million. During the same quarter in the prior year, the firm earned $0.51 earnings per share. The business’s quarterly revenue was down 6.9% on a year-over-year basis. Analysts expect that Engility Holdings Inc. will post ($0.44) earnings per share for the current fiscal year.
Large investors have recently modified their holdings of the stock. Nisa Investment Advisors LLC boosted its position in Engility Holdings by 1,204.2% in the second quarter. Nisa Investment Advisors LLC now owns 4,982 shares of the company’s stock valued at $105,000 after buying an additional 4,600 shares during the period. Barclays PLC boosted its position in Engility Holdings by 999.2% in the second quarter. Barclays PLC now owns 5,617 shares of the company’s stock valued at $118,000 after buying an additional 5,106 shares during the period. Old Mutual Global Investors UK Ltd. bought a new position in Engility Holdings during the second quarter valued at $159,000. Strs Ohio bought a new position in Engility Holdings during the second quarter valued at $168,000. Finally, Zacks Investment Management bought a new position in Engility Holdings during the second quarter valued at $201,000. 96.27% of the stock is owned by hedge funds and other institutional investors.
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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