Fmr LLC trimmed its stake in Engility Holdings Inc (NYSE:EGL) by 11.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,140,407 shares of the aerospace company’s stock after selling 401,309 shares during the period. Fmr LLC owned 8.49% of Engility worth $96,222,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Victory Capital Management Inc. increased its stake in shares of Engility by 12.1% in the 2nd quarter. Victory Capital Management Inc. now owns 1,143,210 shares of the aerospace company’s stock worth $35,028,000 after purchasing an additional 123,624 shares in the last quarter. Mackay Shields LLC purchased a new stake in shares of Engility in the 2nd quarter worth $968,000. Acadian Asset Management LLC purchased a new stake in shares of Engility in the 2nd quarter worth $176,000. Laurion Capital Management LP purchased a new stake in shares of Engility in the 2nd quarter worth $208,000. Finally, Louisiana State Employees Retirement System purchased a new stake in shares of Engility in the 2nd quarter worth $242,000. Hedge funds and other institutional investors own 91.82% of the company’s stock.
EGL has been the subject of a number of analyst reports. Noble Financial reiterated a “hold” rating on shares of Engility in a research note on Wednesday, September 12th. Cowen lowered Engility from an “outperform” rating to a “market perform” rating and set a $36.00 price target for the company. in a research note on Tuesday, September 11th. ValuEngine upgraded Engility from a “hold” rating to a “buy” rating in a research note on Thursday, September 6th. Zacks Investment Research lowered Engility from a “buy” rating to a “hold” rating in a research note on Wednesday, October 3rd. Finally, B. Riley increased their price target on Engility from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Tuesday, September 11th. Seven equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $37.00.
Engility (NYSE:EGL) last issued its quarterly earnings results on Wednesday, October 31st. The aerospace company reported $0.56 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.48 by $0.08. Engility had a positive return on equity of 11.86% and a negative net margin of 1.94%. The business had revenue of $471.20 million during the quarter, compared to analyst estimates of $470.87 million. During the same quarter in the prior year, the business posted $0.26 EPS. Engility’s revenue for the quarter was down 3.3% compared to the same quarter last year. Analysts expect that Engility Holdings Inc will post 2.1 EPS for the current year.
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Engility Company Profile
Engility Holdings, Inc, together with its subsidiaries, provides a range of technical services to the U.S. Department of Defense, U.S. Department of Justice, U.S. Department of State, Federal Aviation Administration, Department of Homeland Security, and space-related and intelligence community agencies.
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