Alliancebernstein L.P. Has $642,000 Holdings in Engility Holdings, Inc. (EGL)

Alliancebernstein L.P. raised its stake in Engility Holdings, Inc. (NYSE:EGL) by 14.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 22,600 shares of the aerospace company’s stock after buying an additional 2,900 shares during the period. Alliancebernstein L.P. owned about 0.06% of Engility Holdings worth $642,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Municipal Employees Retirement System of Michigan boosted its position in shares of Engility Holdings by 4.0% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the aerospace company’s stock valued at $118,000 after purchasing an additional 160 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Engility Holdings during the 1st quarter valued at about $208,000. Tudor Investment Corp ET AL boosted its position in shares of Engility Holdings by 10.9% during the 1st quarter. Tudor Investment Corp ET AL now owns 8,100 shares of the aerospace company’s stock valued at $234,000 after purchasing an additional 794 shares in the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Engility Holdings by 28.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,777 shares of the aerospace company’s stock valued at $249,000 after purchasing an additional 1,968 shares in the last quarter. Finally, Arizona State Retirement System boosted its position in shares of Engility Holdings by 1.1% during the 1st quarter. Arizona State Retirement System now owns 9,180 shares of the aerospace company’s stock valued at $266,000 after purchasing an additional 100 shares in the last quarter. Hedge funds and other institutional investors own 92.53% of the company’s stock.

Engility Holdings (NYSE:EGL) last posted its quarterly earnings data on Thursday, August 3rd. The aerospace company reported $0.60 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.09. The business had revenue of $494.70 million for the quarter, compared to analysts’ expectations of $504.44 million. Engility Holdings had a return on equity of 11.49% and a net margin of 0.22%. The business’s revenue was down 7.6% on a year-over-year basis. During the same period in the previous year, the firm posted $0.34 EPS.

In other Engility Holdings news, Director William G. Tobin sold 3,000 shares of Engility Holdings stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $30.82, for a total transaction of $92,460.00. Following the sale, the director now directly owns 6,290 shares of the company’s stock, valued at approximately $193,857.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Thomas O. Miiller sold 8,000 shares of Engility Holdings stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $31.06, for a total value of $248,480.00. Following the sale, the senior vice president now directly owns 14,637 shares in the company, valued at $454,625.22. The disclosure for this sale can be found here. Insiders own 0.41% of the company’s stock.

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Several brokerages recently commented on EGL. Noble Financial lowered Engility Holdings from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Jefferies Group LLC restated a “buy” rating and set a $37.00 target price on shares of Engility Holdings in a research report on Friday, October 6th. FBR & Co restated a “buy” rating on shares of Engility Holdings in a research report on Monday, October 16th. Cowen and Company set a $36.00 target price on Engility Holdings and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, ValuEngine upgraded Engility Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $35.67.

Engility Holdings 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 Holdings (NYSE:EGL)

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