Norges Bank Purchases New Position in Engility Holdings Inc (EGL)

Norges Bank purchased a new stake in Engility Holdings Inc (NYSE:EGL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 435,866 shares of the aerospace company’s stock, valued at approximately $12,405,000.

A number of other hedge funds have also recently made changes to their positions in the business. Texas Permanent School Fund lifted its stake in Engility by 4.0% in the fourth quarter. Texas Permanent School Fund now owns 11,854 shares of the aerospace company’s stock valued at $337,000 after acquiring an additional 456 shares during the last quarter. Nisa Investment Advisors LLC lifted its stake in Engility by 10.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,482 shares of the aerospace company’s stock valued at $156,000 after acquiring an additional 500 shares during the last quarter. Bank of Montreal Can lifted its stake in Engility by 69.8% in the fourth quarter. Bank of Montreal Can now owns 1,229 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 505 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in Engility by 112.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,205 shares of the aerospace company’s stock valued at $35,000 after acquiring an additional 639 shares during the last quarter. Finally, Principal Financial Group Inc. lifted its stake in Engility by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 147,067 shares of the aerospace company’s stock valued at $4,186,000 after acquiring an additional 803 shares during the last quarter. Hedge funds and other institutional investors own 89.81% of the company’s stock.

Shares of EGL stock opened at $29.10 on Monday. The firm has a market capitalization of $1.08 billion, a price-to-earnings ratio of 12.49, a PEG ratio of 2.63 and a beta of 1.85. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 1.23. Engility Holdings Inc has a one year low of $21.19 and a one year high of $38.54.

Separately, Zacks Investment Research upgraded shares of Engility from a “hold” rating to a “buy” rating and set a $32.00 price target for the company in a research note on Thursday, January 10th. Seven analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $36.33.

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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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