Engility Holdings, Inc. (NYSE:EGL) was downgraded by Vertical Research from a “hold” rating to a “sell” rating in a note issued to investors on Friday, The Fly reports.

A number of other research analysts have also recently weighed in on EGL. Maxim Group reaffirmed a “hold” rating on shares of Engility Holdings in a research report on Friday. Noble Financial reaffirmed a “buy” rating on shares of Engility Holdings in a research report on Friday, August 4th. Cowen and Company set a $36.00 price objective on Engility Holdings and gave the company a “hold” rating in a research report on Thursday, August 3rd. FBR & Co reaffirmed a “buy” rating and set a $40.00 price objective on shares of Engility Holdings in a research report on Saturday, August 19th. Finally, Zacks Investment Research raised Engility Holdings from a “sell” rating to a “hold” rating and set a $35.00 price objective on the stock in a research report on Monday, August 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $35.67.

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

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In related news, Director William G. Tobin sold 3,000 shares of the business’s stock in a transaction that occurred on Thursday, August 31st. The stock was sold at an average price of $30.82, for a total value of $92,460.00. Following the transaction, 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 can be accessed through the SEC website. Also, SVP Thomas O. Miiller sold 8,000 shares of the business’s stock in a transaction that occurred on Tuesday, August 15th. The stock was sold at an average price of $31.06, for a total value of $248,480.00. Following the completion of the transaction, 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. 0.41% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan lifted its holdings in Engility Holdings by 4.0% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 4,170 shares of the aerospace company’s stock worth $118,000 after purchasing an additional 160 shares in the last quarter. Wellington Management Group LLP purchased a new position in Engility Holdings in the 1st quarter worth approximately $208,000. OxFORD Asset Management LLP purchased a new position in Engility Holdings in the 2nd quarter worth approximately $206,000. Tudor Investment Corp ET AL lifted its holdings in Engility Holdings by 10.9% in the 1st quarter. Tudor Investment Corp ET AL now owns 8,100 shares of the aerospace company’s stock worth $234,000 after purchasing an additional 794 shares in the last quarter. Finally, BNP Paribas Arbitrage SA lifted its holdings in Engility Holdings by 28.9% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,777 shares of the aerospace company’s stock worth $249,000 after purchasing an additional 1,968 shares in the last quarter. 92.53% of the stock is currently owned by institutional investors.

About Engility Holdings

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.

The Fly

Analyst Recommendations for Engility Holdings (NYSE:EGL)

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