Ellington Management Group adds Engility Holdings (EGL) to its portfolio

Engility Holdings (EGL) : Ellington Management Group added new position in Engility Holdings during the most recent quarter end. The investment management firm now holds 24,400 shares of Engility Holdings which is valued at $780,312 , the company said in a statement filed on Aug 15, 2016 with the SEC.Engility Holdings makes up approximately 1.01% of Ellington Management Group’s portfolio.

Other Hedge Funds, Including , Schwab Charles Investment Management Inc boosted its stake in EGL in the latest quarter, The investment management firm added 840 additional shares and now holds a total of 59,664 shares of Engility Holdings which is valued at $1,908,055. Stevens Capital Management Lp added EGL to its portfolio by purchasing 15,829 company shares during the most recent quarter which is valued at $506,211. Engility Holdings makes up approx 0.02% of Stevens Capital Management Lp’s portfolio.Vanguard Group Inc boosted its stake in EGL in the latest quarter, The investment management firm added 4,266 additional shares and now holds a total of 796,237 shares of Engility Holdings which is valued at $25,463,659.Ngam Advisors boosted its stake in EGL in the latest quarter, The investment management firm added 13,390 additional shares and now holds a total of 181,309 shares of Engility Holdings which is valued at $5,789,196. Engility Holdings makes up approx 0.08% of Ngam Advisors’s portfolio.

Engility Holdings opened for trading at $29.94 and hit $30.19 on the upside on Thursday, eventually ending the session at $30.18, with a gain of 0.60% or 0.18 points. The heightened volatility saw the trading volume jump to 1,10,398 shares. Company has a market cap of $1,110 M.

On the company’s financial health, Engility Holdings reported $0.34 EPS for the quarter, beating the analyst consensus estimate by $ 0.08 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.26. The company had revenue of $535.90 million for the quarter, compared to analysts expectations of $524.80 million. The company’s revenue was down -6.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.51 EPS.

Many Wall Street Analysts have commented on Engility Holdings. Company shares were Reiterated by Stifel on Aug 16, 2016 to “Buy”, Firm has raised the Price Target to $ 36 from a previous price target of $34 .Company shares were Reiterated by FBR Capital on Jul 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $25 .SunTrust Initiated Engility Holdings on Jul 21, 2016 to “Buy”, Price Target of the shares are set at $30.

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