State Board of Administration of Florida Retirement System reduced its stake in shares of Engility Holdings Inc. (NYSE:EGL) by 0.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 18,452 shares of the company’s stock after selling 127 shares during the period. State Board of Administration of Florida Retirement System owned approximately 0.05% of Engility Holdings worth $390,000 at the end of the most recent reporting period.
Several other institutional investors have also recently bought and sold shares of EGL. Nisa Investment Advisors LLC increased 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 last quarter. Old Mutual Global Investors UK Ltd. bought a new stake in shares of Engility Holdings during the second quarter worth about $159,000. Strs Ohio bought a new stake in shares of Engility Holdings during the second quarter worth about $168,000. BNP Paribas Arbitrage SA increased its stake in shares of Engility Holdings by 34.4% in the second quarter. BNP Paribas Arbitrage SA now owns 9,608 shares of the company’s stock worth $203,000 after buying an additional 2,459 shares in the last quarter. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of Engility Holdings during the second quarter worth about $352,000. 95.38% of the stock is currently owned by institutional investors.
Shares of Engility Holdings Inc. (NYSE:EGL) traded down 1.20% on Tuesday, hitting $30.45. The stock had a trading volume of 12,383 shares. Engility Holdings Inc. has a 1-year low of $11.46 and a 1-year high of $35.92. The firm has a 50-day moving average of $30.74 and a 200 day moving average of $25.33. The company’s market capitalization is $1.12 billion.
Engility Holdings (NYSE:EGL) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.34 EPS for the quarter, topping analysts’ consensus estimates of $0.28 by $0.06. The company had revenue of $535 million for the quarter, compared to analysts’ expectations of $519.69 million. Engility Holdings had a negative net margin of 10.89% and a positive return on equity of 9.03%. Engility Holdings’s revenue was down 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.51 EPS. On average, equities analysts anticipate that Engility Holdings Inc. will post ($0.44) earnings per share for the current fiscal year.
A number of brokerages recently issued reports on EGL. Zacks Investment Research downgraded Engility Holdings from a “buy” rating to a “hold” rating in a research report on Monday, July 11th. Jefferies Group increased their price target on Engility Holdings from $27.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, August 5th. Cowen and Company began coverage on Engility Holdings in a research report on Wednesday, June 22nd. They set an “outperform” rating and a $27.00 price target on the stock. FBR & Co increased their price target on Engility Holdings from $25.00 to $35.00 and gave the stock an “outperform” rating in a research report on Tuesday, July 26th. Finally, TheStreet raised Engility Holdings from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Four analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Engility Holdings has a consensus rating of “Buy” and an average price target of $31.00.
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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