Published On: Tue, Sep 20th, 2016

Engility Holdings Inc. (EGL) Shares Up 4.6%

Shares of Engility Holdings Inc. (NYSE:EGL) shot up 4.6% on Monday . The stock traded as high as $31.07 and last traded at $30.88, with a volume of 79,089 shares changing hands. The stock had previously closed at $29.53.
Several brokerages have weighed in on EGL. Jefferies Group lifted their target price on Engility Holdings from $27.00 to $37.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Stifel Nicolaus lifted their price target on Engility Holdings from $34.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, August 16th. TheStreet upgraded Engility Holdings from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Cowen and Company cut Engility Holdings from an “outperform” rating to a “market perform” rating and set a $36.00 price target on the stock. in a research report on Wednesday, August 17th. Finally, Zacks Investment Research upgraded Engility Holdings from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a research report on Tuesday, July 26th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. Engility Holdings has a consensus rating of “Buy” and a consensus price target of $31.00.
The stock has a 50-day moving average price of $30.75 and a 200 day moving average price of $23.78. The company’s market cap is $1.15 billion.

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Engility Holdings (NYSE:EGL) last released its quarterly earnings data on Monday, August 1st. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.28 by $0.06. Engility Holdings had a positive return on equity of 9.03% and a negative net margin of 10.89%. The company had revenue of $535 million for the quarter, compared to analyst estimates of $519.69 million. During the same period in the prior year, the company posted $0.51 EPS. The company’s revenue was down 6.9% compared to the same quarter last year. On average, equities analysts anticipate that Engility Holdings Inc. will post ($0.44) earnings per share for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Pioneer Investment Management Inc. acquired a new position in shares of Engility Holdings during the fourth quarter valued at approximately $1,701,000. Norges Bank acquired a new position in shares of Engility Holdings during the fourth quarter valued at approximately $8,777,000. Prudential Financial Inc. increased its position in shares of Engility Holdings by 0.7% in the first quarter. Prudential Financial Inc. now owns 185,667 shares of the company’s stock valued at $3,483,000 after buying an additional 1,200 shares during the last quarter. BlackRock Fund Advisors increased its position in shares of Engility Holdings by 4.2% in the first quarter. BlackRock Fund Advisors now owns 1,335,918 shares of the company’s stock valued at $25,062,000 after buying an additional 53,948 shares during the last quarter. Finally, BlackRock Institutional Trust Company N.A. increased its position in shares of Engility Holdings by 1.1% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 374,686 shares of the company’s stock valued at $7,029,000 after buying an additional 4,251 shares during the last quarter. 96.27% 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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