First Trust Advisors LP Has $812,000 Stake in Engility Holdings, Inc. (EGL)

First Trust Advisors LP lifted its position in Engility Holdings, Inc. (NYSE:EGL) by 48.2% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 23,412 shares of the aerospace company’s stock after acquiring an additional 7,613 shares during the period. First Trust Advisors LP owned about 0.06% of Engility worth $812,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Engility by 7.8% during the first quarter. Vanguard Group Inc. now owns 932,241 shares of the aerospace company’s stock worth $26,979,000 after purchasing an additional 67,833 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Engility by 8.8% during the first quarter. Geode Capital Management LLC now owns 135,953 shares of the aerospace company’s stock worth $3,934,000 after purchasing an additional 10,961 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in shares of Engility by 19.1% during the first quarter. Schwab Charles Investment Management Inc. now owns 83,377 shares of the aerospace company’s stock worth $2,413,000 after purchasing an additional 13,353 shares during the period. Bank of America Corp DE boosted its holdings in shares of Engility by 47.2% during the first quarter. Bank of America Corp DE now owns 80,921 shares of the aerospace company’s stock worth $2,342,000 after purchasing an additional 25,945 shares during the period. Finally, State Street Corp boosted its holdings in shares of Engility by 16.6% during the first quarter. State Street Corp now owns 554,601 shares of the aerospace company’s stock worth $16,047,000 after purchasing an additional 79,116 shares during the period. 92.64% of the stock is currently owned by institutional investors and hedge funds.

Shares of Engility Holdings, Inc. (NYSE EGL) opened at $27.81 on Thursday. The company has a debt-to-equity ratio of 1.31, a current ratio of 1.34 and a quick ratio of 1.34. The stock has a market cap of $1,026.31, a P/E ratio of 12.22 and a beta of 2.01. Engility Holdings, Inc. has a one year low of $25.70 and a one year high of $39.16.

Engility (NYSE:EGL) last posted its earnings results on Thursday, November 2nd. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.28). The business had revenue of $487.10 million during the quarter, compared to analyst estimates of $496.84 million. Engility had a net margin of 1.57% and a return on equity of 11.87%. Engility’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.52 earnings per share. equities research analysts predict that Engility Holdings, Inc. will post 2.21 EPS for the current fiscal year.

In other news, Director Peter Marino sold 1,425 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $25.25, for a total value of $35,981.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Thomas O. Miiller sold 3,000 shares of the business’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $27.97, for a total transaction of $83,910.00. Following the completion of the sale, the senior vice president now owns 7,154 shares of the company’s stock, valued at $200,097.38. The disclosure for this sale can be found here. Insiders sold 23,908 shares of company stock valued at $673,910 over the last quarter. Corporate insiders own 0.41% of the company’s stock.

Several analysts recently commented on EGL shares. Maxim Group restated a “hold” rating on shares of Engility in a report on Friday, November 3rd. Vertical Research cut shares of Engility from a “hold” rating to a “sell” rating in a report on Friday, November 3rd. Zacks Investment Research cut shares of Engility from a “buy” rating to a “hold” rating in a report on Tuesday, November 7th. Noble Financial upgraded shares of Engility from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, FBR & Co restated a “buy” rating on shares of Engility in a report on Monday, October 16th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the company. The company has an average rating of “Hold” and an average price target of $35.00.

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Engility 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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Institutional Ownership by Quarter for Engility (NYSE:EGL)

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