GSA Capital Partners LLP Trims Position in Engility Holdings, Inc. (EGL)

GSA Capital Partners LLP cut its stake in Engility Holdings, Inc. (NYSE:EGL) by 17.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 22,343 shares of the aerospace company’s stock after selling 4,605 shares during the period. GSA Capital Partners LLP owned approximately 0.06% of Engility Holdings worth $635,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently bought and sold shares of EGL. BlackRock Inc. grew its position in Engility Holdings by 17,441.6% in the first quarter. BlackRock Inc. now owns 3,086,095 shares of the aerospace company’s stock worth $89,313,000 after acquiring an additional 3,068,502 shares during the period. Royce & Associates LP purchased a new position in shares of Engility Holdings during the second quarter worth $7,417,000. FMR LLC boosted its position in shares of Engility Holdings by 3.8% during the first quarter. FMR LLC now owns 3,047,933 shares of the aerospace company’s stock worth $88,207,000 after buying an additional 111,000 shares during the period. State Street Corp boosted its position in shares of Engility Holdings by 16.6% during the first quarter. State Street Corp now owns 554,601 shares of the aerospace company’s stock worth $16,047,000 after buying an additional 79,116 shares during the period. Finally, TIAA CREF Investment Management LLC boosted its position in shares of Engility Holdings by 95.0% during the second quarter. TIAA CREF Investment Management LLC now owns 147,807 shares of the aerospace company’s stock worth $4,198,000 after buying an additional 72,000 shares during the period. Institutional investors and hedge funds own 91.80% of the company’s stock.

Several research analysts have recently commented on EGL shares. Zacks Investment Research lowered Engility Holdings from a “hold” rating to a “sell” rating in a research report on Monday, July 17th. Cowen and Company reiterated a “hold” rating on shares of Engility Holdings in a research note on Tuesday, July 11th. Noble Financial cut Engility Holdings from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. BidaskClub cut Engility Holdings from a “hold” rating to a “sell” rating in a research note on Friday, July 28th. Finally, ValuEngine upgraded Engility Holdings from a “hold” rating to a “buy” rating in a research note on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $35.67.

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Shares of Engility Holdings, Inc. (NYSE EGL) opened at 34.28 on Tuesday. The firm has a 50-day moving average price of $32.47 and a 200-day moving average price of $29.55. The firm has a market capitalization of $1.26 billion, a PE ratio of 280.98 and a beta of 2.06. Engility Holdings, Inc. has a 1-year low of $25.70 and a 1-year high of $39.16.

Engility Holdings (NYSE:EGL) last issued its quarterly earnings results on Thursday, August 3rd. The aerospace company reported $0.60 EPS for the quarter, topping the consensus estimate of $0.51 by $0.09. Engility Holdings had a net margin of 0.22% and a return on equity of 11.49%. The company had revenue of $494.70 million during the quarter, compared to analysts’ expectations of $504.44 million. During the same quarter in the previous year, the company earned $0.34 EPS. Engility Holdings’s revenue was down 7.6% on a year-over-year basis. On average, analysts forecast that Engility Holdings, Inc. will post ($0.29) EPS for the current fiscal year.

In other Engility Holdings news, Director William G. Tobin sold 3,000 shares of Engility Holdings stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $30.82, for a total value of $92,460.00. Following the transaction, the director now owns 6,290 shares of the company’s stock, valued at $193,857.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Thomas O. Miiller sold 8,000 shares of Engility Holdings stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $31.06, for a total transaction 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 approximately $454,625.22. The disclosure for this sale can be found here. 0.41% of the stock is currently owned by insiders.

Engility Holdings Company Profile

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.

Institutional Ownership by Quarter for Engility Holdings (NYSE:EGL)

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