Engility Holdings Inc (EGL) Shares Bought by Schwab Charles Investment Management Inc.

Schwab Charles Investment Management Inc. lifted its position in shares of Engility Holdings Inc (NYSE:EGL) by 3.4% in the second quarter, Holdings Channel reports. The institutional investor owned 94,166 shares of the aerospace company’s stock after purchasing an additional 3,060 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Engility were worth $2,886,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Wells Fargo & Company MN boosted its stake in Engility by 9.8% in the first quarter. Wells Fargo & Company MN now owns 31,854 shares of the aerospace company’s stock worth $778,000 after buying an additional 2,854 shares in the last quarter. Aperio Group LLC boosted its stake in Engility by 26.9% in the first quarter. Aperio Group LLC now owns 23,718 shares of the aerospace company’s stock worth $579,000 after buying an additional 5,028 shares in the last quarter. BlackRock Inc. boosted its stake in Engility by 3.0% in the first quarter. BlackRock Inc. now owns 3,647,544 shares of the aerospace company’s stock worth $89,000,000 after buying an additional 106,209 shares in the last quarter. GSA Capital Partners LLP purchased a new stake in Engility in the first quarter worth approximately $669,000. Finally, OppenheimerFunds Inc. boosted its stake in Engility by 17.8% in the first quarter. OppenheimerFunds Inc. now owns 54,519 shares of the aerospace company’s stock worth $1,330,000 after buying an additional 8,255 shares in the last quarter. Institutional investors and hedge funds own 91.65% of the company’s stock.

Several analysts have issued reports on the company. Drexel Hamilton reaffirmed a “hold” rating on shares of Engility in a research note on Wednesday, August 1st. Cowen set a $40.00 target price on Engility and gave the stock a “buy” rating in a research note on Wednesday, August 1st. ValuEngine raised Engility from a “hold” rating to a “buy” rating in a research note on Thursday, July 12th. Zacks Investment Research raised Engility from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research note on Tuesday, July 3rd. Finally, Vertical Research raised Engility from a “sell” rating to a “hold” rating in a research note on Thursday, July 12th. Eight analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $36.83.

NYSE:EGL opened at $33.73 on Tuesday. The company has a market cap of $1.33 billion, a PE ratio of 14.48, a P/E/G ratio of 3.56 and a beta of 1.93. Engility Holdings Inc has a fifty-two week low of $21.19 and a fifty-two week high of $38.54. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 1.28.

Engility (NYSE:EGL) last released its quarterly earnings data on Wednesday, August 1st. The aerospace company reported $0.64 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.16. The firm had revenue of $488.50 million during the quarter, compared to analyst estimates of $472.26 million. Engility had a positive return on equity of 12.02% and a negative net margin of 1.63%. The business’s quarterly revenue was down 1.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.60 earnings per share. Sell-side analysts anticipate that Engility Holdings Inc will post 2.02 earnings per share for the current year.

Engility Profile

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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Institutional Ownership by Quarter for Engility (NYSE:EGL)

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