Alambic Investment Management L.P. lessened its stake in shares of Engility (NYSE:EGL) by 4.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,870 shares of the aerospace company’s stock after selling 4,052 shares during the quarter. Alambic Investment Management L.P. owned about 0.21% of Engility worth $1,924,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of the company. Royce & Associates LP raised its position in Engility by 25.4% in the 4th quarter. Royce & Associates LP now owns 474,323 shares of the aerospace company’s stock valued at $13,457,000 after purchasing an additional 96,176 shares during the last quarter. Systematic Financial Management LP purchased a new stake in Engility in the 4th quarter valued at $1,500,000. Crossmark Global Holdings Inc. purchased a new stake in Engility in the 4th quarter valued at $311,000. Martingale Asset Management L P purchased a new stake in Engility in the 4th quarter valued at $1,275,000. Finally, Wells Fargo & Company MN raised its position in Engility by 54.1% in the 3rd quarter. Wells Fargo & Company MN now owns 21,945 shares of the aerospace company’s stock valued at $761,000 after purchasing an additional 7,706 shares during the last quarter. Institutional investors and hedge funds own 93.26% of the company’s stock.
EGL has been the subject of several research reports. B. Riley reduced their price target on shares of Engility from $40.00 to $38.00 and set a “buy” rating for the company in a research report on Friday, March 2nd. ValuEngine upgraded shares of Engility from a “hold” rating to a “buy” rating in a research report on Tuesday, March 27th. Zacks Investment Research upgraded shares of Engility from a “sell” rating to a “hold” rating in a research report on Tuesday, May 1st. Maxim Group reiterated a “hold” rating on shares of Engility in a research report on Friday, March 2nd. Finally, Wells Fargo set a $25.00 price target on shares of Engility and gave the company a “hold” rating in a research report on Friday, March 2nd. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $34.17.
Shares of Engility stock opened at $29.92 on Friday. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 12.84, a PEG ratio of 3.12 and a beta of 1.72. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 1.35. Engility has a one year low of $21.19 and a one year high of $35.63.
Engility (NYSE:EGL) last announced its quarterly earnings data on Thursday, March 1st. The aerospace company reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.11. The company had revenue of $464.86 million during the quarter, compared to the consensus estimate of $464.01 million. Engility had a negative net margin of 1.85% and a positive return on equity of 11.70%. equities research analysts forecast that Engility will post 1.91 earnings per share for the current year.
Engility Holdings, Inc, together with its subsidiaries, provides a range of technical services to the U.S. Department of Defense, U.S. Department of Justice, U.S. Department of State, Federal Aviation Administration, Department of Homeland Security, and space-related and intelligence community agencies.
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