Nisa Investment Advisors LLC raised its stake in shares of Engility Holdings Inc. (NYSE:EGL) by 1,204.2% during the second quarter, Holdings Channel reports. The institutional investor owned 4,982 shares of the company’s stock after buying an additional 4,600 shares during the period. Nisa Investment Advisors LLC’s holdings in Engility Holdings were worth $105,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in EGL. BNP Paribas Arbitrage SA raised its stake in Engility Holdings by 34.4% in the second quarter. BNP Paribas Arbitrage SA now owns 9,608 shares of the company’s stock valued at $203,000 after buying an additional 2,459 shares in the last quarter. A.R.T. Advisors LLC acquired a new stake in Engility Holdings during the first quarter valued at approximately $1,338,000. Jacobs Levy Equity Management Inc. acquired a new stake in Engility Holdings during the first quarter valued at approximately $987,000. Adage Capital Partners GP L.L.C. acquired a new stake in Engility Holdings during the first quarter valued at approximately $1,233,000. Finally, Geode Capital Management LLC raised its stake in Engility Holdings by 1.1% in the first quarter. Geode Capital Management LLC now owns 114,220 shares of the company’s stock valued at $2,142,000 after buying an additional 1,270 shares in the last quarter. 95.38% of the stock is owned by institutional investors and hedge funds.
Engility Holdings Inc. (NYSE:EGL) traded down 0.03% during midday trading on Friday, reaching $31.50. 72,573 shares of the company’s stock were exchanged. Engility Holdings Inc. has a 1-year low of $11.46 and a 1-year high of $35.92. The firm’s 50-day moving average is $30.70 and its 200 day moving average is $24.64. The stock’s market cap is $1.16 billion.
Engility Holdings (NYSE:EGL) last posted its quarterly earnings results on Monday, August 1st. The company reported $0.34 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.28 by $0.06. The business earned $535 million during the quarter, compared to the consensus estimate 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 for the quarter was down 6.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 earnings per share. Equities analysts anticipate that Engility Holdings Inc. will post ($0.44) earnings per share for the current fiscal year.
Several analysts recently commented on the stock. Jefferies Group increased 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. Stifel Nicolaus upped their price target on shares of 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 shares of Engility Holdings from a “sell” rating to a “hold” rating in a research report on Monday, August 8th. Cowen and Company downgraded shares of Engility Holdings from an “outperform” rating to a “market perform” rating and set a $36.00 price target for the company. in a research report on Wednesday, August 17th. Finally, Zacks Investment Research upgraded shares of Engility Holdings from a “hold” rating to a “strong-buy” rating and set a $34.00 price target for the company in a research report on Tuesday, July 26th. Four investment 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 stock. The company presently has a consensus rating of “Buy” and a consensus 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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