California State Teachers Retirement System lessened its holdings in shares of Engility Holdings, Inc. (NYSE:EGL) by 9.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 28,856 shares of the aerospace company’s stock after selling 3,135 shares during the quarter. California State Teachers Retirement System owned approximately 0.08% of Engility worth $1,001,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also modified their holdings of the company. SG Americas Securities LLC bought a new position in Engility during the third quarter valued at approximately $124,000. Municipal Employees Retirement System of Michigan raised its position in Engility by 58.8% during the third quarter. Municipal Employees Retirement System of Michigan now owns 6,620 shares of the aerospace company’s stock valued at $230,000 after acquiring an additional 2,450 shares in the last quarter. OxFORD Asset Management LLP bought a new position in Engility during the second quarter valued at approximately $206,000. Voya Investment Management LLC raised its position in Engility by 14.7% during the second quarter. Voya Investment Management LLC now owns 9,539 shares of the aerospace company’s stock valued at $271,000 after acquiring an additional 1,219 shares in the last quarter. Finally, Thrivent Financial For Lutherans raised its position in Engility by 6.5% during the second quarter. Thrivent Financial For Lutherans now owns 10,622 shares of the aerospace company’s stock valued at $302,000 after acquiring an additional 650 shares in the last quarter. 91.96% of the stock is currently owned by hedge funds and other institutional investors.
Several brokerages recently weighed in on EGL. Noble Financial lowered shares of Engility from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Jefferies Group reaffirmed a “buy” rating and set a $37.00 price objective on shares of Engility in a research report on Friday, October 6th. FBR & Co reaffirmed a “buy” rating on shares of Engility in a research report on Monday, October 16th. Cowen set a $36.00 price target on shares of Engility and gave the company a “hold” rating in a research report on Thursday, October 19th. Finally, Vertical Research lowered shares of Engility from a “hold” rating to a “sell” rating in a research report on Friday, November 3rd. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and four have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $35.00.
Engility (NYSE:EGL) last released its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.26 EPS for the quarter, missing the Zacks’ consensus estimate of $0.54 by ($0.28). Engility had a net margin of 1.57% and a return on equity of 11.87%. The firm had revenue of $487.10 million during the quarter, compared to the consensus estimate of $496.84 million. During the same period in the prior year, the business earned $0.52 EPS. The company’s revenue for the quarter was down 4.8% compared to the same quarter last year. sell-side analysts forecast that Engility Holdings, Inc. will post 2.19 EPS for the current year.
In other news, Director Peter Marino sold 1,425 shares of Engility stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $25.25, for a total value of $35,981.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, SVP Thomas O. Miiller sold 3,000 shares of Engility stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $27.97, for a total transaction of $83,910.00. Following the completion of the transaction, the senior vice president now directly owns 7,154 shares in the company, valued at approximately $200,097.38. The disclosure for this sale can be found here. In the last three months, insiders sold 23,908 shares of company stock worth $673,910. Insiders own 0.41% of the company’s stock.
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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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