Engility (EGL) Downgraded to Hold at Drexel Hamilton

Drexel Hamilton downgraded shares of Engility (NYSE:EGL) from a buy rating to a hold rating in a research note published on Monday.

EGL has been the topic of several other research reports. Maxim Group reissued a hold rating on shares of Engility in a research note on Friday, November 3rd. Cowen reissued a hold rating and issued a $36.00 price objective on shares of Engility in a research note on Monday, November 6th. Noble Financial raised Engility from a hold rating to a buy rating in a research note on Tuesday, November 14th. Vertical Research cut Engility from a hold rating to a sell rating in a research note on Friday, November 3rd. Finally, Jefferies Group reissued a buy rating and issued a $37.00 price objective on shares of Engility in a research note on Friday, October 6th. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. The company has an average rating of Hold and a consensus target price of $35.00.

Engility (EGL) opened at $26.95 on Monday. Engility has a 52 week low of $25.70 and a 52 week high of $35.63. The stock has a market capitalization of $1,047.30, a P/E ratio of 12.47 and a beta of 2.01. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.31.

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

In other Engility news, Director Peter Marino sold 15,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $28.39, for a total transaction of $425,850.00. Following the sale, the director now owns 1,213 shares of the company’s stock, valued at approximately $34,437.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Thomas O. Miiller sold 4,483 shares of the stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $28.59, for a total value of $128,168.97. Following the sale, the senior vice president now directly owns 10,154 shares in the company, valued at approximately $290,302.86. The disclosure for this sale can be found here. Insiders have sold a total of 23,908 shares of company stock worth $673,910 in the last ninety days. Insiders own 0.57% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in EGL. Municipal Employees Retirement System of Michigan boosted its position in Engility 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 acquiring an additional 160 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Engility during the 3rd quarter valued at $124,000. OxFORD Asset Management LLP purchased a new stake in shares of Engility during the 2nd quarter valued at $206,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Engility 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 during the last quarter. Finally, Cubist Systematic Strategies LLC purchased a new stake in shares of Engility during the 3rd quarter valued at $266,000. 91.81% of the stock is currently owned by institutional investors and hedge funds.

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About Engility

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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