Insider Selling: Engility Holdings, Inc. (EGL) Director Sells 15,000 Shares of Stock

Engility Holdings, Inc. (NYSE:EGL) Director Peter Marino sold 15,000 shares of the stock in a transaction on Wednesday, November 15th. The stock was sold at an average price of $28.39, for a total value of $425,850.00. Following the transaction, the director now directly owns 1,213 shares in the company, valued at approximately $34,437.07. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

Shares of Engility Holdings, Inc. (EGL) traded up $1.22 during midday trading on Thursday, reaching $28.01. The company had a trading volume of 260,700 shares, compared to its average volume of 128,729. Engility Holdings, Inc. has a 52-week low of $25.70 and a 52-week high of $39.16. The firm has a market cap of $1,030.00, a P/E ratio of 11.75 and a beta of 2.09. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 1.31.

Engility Holdings (NYSE:EGL) last announced its quarterly earnings results on Thursday, November 2nd. The aerospace company reported $0.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by ($0.28). Engility Holdings had a net margin of 1.57% and a return on equity of 11.87%. The company had revenue of $487.10 million during the quarter, compared to analyst estimates of $496.84 million. During the same quarter in the prior year, the company posted $0.52 earnings per share. The firm’s revenue for the quarter was down 4.8% on a year-over-year basis. equities analysts predict that Engility Holdings, Inc. will post 2.22 earnings per share for the current fiscal year.

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A number of analysts have recently commented on EGL shares. Noble Financial restated a “buy” rating on shares of Engility Holdings in a report on Friday, August 4th. FBR & Co restated a “buy” rating and set a $40.00 price objective on shares of Engility Holdings in a report on Saturday, August 19th. ValuEngine upgraded Engility Holdings from a “hold” rating to a “buy” rating in a report on Tuesday, September 26th. Jefferies Group LLC restated a “buy” rating and set a $37.00 price objective on shares of Engility Holdings in a report on Friday, October 6th. Finally, B. Riley restated a “buy” rating on shares of Engility Holdings in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $35.67.

Large investors have recently bought and sold shares of the business. SG Americas Securities LLC purchased a new position in Engility Holdings in the 3rd quarter valued at about $124,000. Municipal Employees Retirement System of Michigan boosted its position 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 valued at $118,000 after buying an additional 160 shares during the last quarter. Wellington Management Group LLP purchased a new position in Engility Holdings in the 1st quarter valued at about $208,000. OxFORD Asset Management LLP purchased a new position in Engility Holdings in the 2nd quarter valued at about $206,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Engility Holdings in the 3rd quarter valued at about $266,000. 92.97% of the stock is 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.

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