Insider Selling: Abrams Capital Management, L.P Unloads 654,583 Shares of Engility Holdings Stock (EGL)
Engility Holdings (NYSE:EGL) major shareholder Abrams Capital Management, L.P sold 654,583 shares of the company’s stock in a transaction dated Monday, October 21st. The shares were sold at an average price of $31.81, for a total value of $20,822,285.23. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Several analysts have recently commented on the stock. Analysts at FBR & Co. initiated coverage on shares of Engility Holdings in a research note to investors on Wednesday, October 16th. They set an “outperform” rating on the stock. Analysts at FBR Capital Markets initiated coverage on shares of Engility Holdings in a research note to investors on Wednesday, October 16th. They set an “outperform” rating and a $40.00 price target on the stock.
Engility Holdings (NYSE:EGL) traded up 0.03% during mid-day trading on Wednesday, hitting $31.79. 70,060 shares of the company’s stock traded hands. Engility Holdings has a 52-week low of $17.15 and a 52-week high of $35.18. The stock’s 50-day moving average is $33.75 and its 200-day moving average is $27.1. The company’s market cap is $547.2 million.
Engility Holdings (NYSE:EGL) last released its earnings data on Monday, August 12th. The company reported $0.85 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.79 by $0.06. The company had revenue of $377.00 million for the quarter, compared to the consensus estimate of $366.41 million. The company’s quarterly revenue was down 9.8% on a year-over-year basis. Analysts expect that Engility Holdings will post $3.05 EPS for the current fiscal year.
Engility Holdings, Inc (NYSE:EGL) is a provider of systems engineering services, training, program management, and operational support for the United States Government worldwide.
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