IndexIQ Advisors LLC Has $4.42 Million Position in Engility Holdings Inc (EGL)

IndexIQ Advisors LLC boosted its stake in shares of Engility Holdings Inc (NYSE:EGL) by 66.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 155,275 shares of the aerospace company’s stock after acquiring an additional 62,109 shares during the quarter. IndexIQ Advisors LLC’s holdings in Engility were worth $4,420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently modified their holdings of the company. Bank of Montreal Can boosted its holdings in Engility by 69.8% during the 4th 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 period. LS Investment Advisors LLC boosted its holdings in Engility by 511.4% during the 4th quarter. LS Investment Advisors LLC now owns 3,314 shares of the aerospace company’s stock valued at $94,000 after acquiring an additional 2,772 shares during the period. Meeder Asset Management Inc. boosted its holdings in Engility by 3,766.3% during the 3rd quarter. Meeder Asset Management Inc. now owns 3,325 shares of the aerospace company’s stock valued at $121,000 after acquiring an additional 3,239 shares during the period. Strs Ohio purchased a new stake in Engility during the 3rd quarter valued at about $179,000. Finally, Nisa Investment Advisors LLC boosted its holdings in Engility by 10.0% during the 4th 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 period. Institutional investors own 89.81% of the company’s stock.

EGL has been the subject of a number of recent analyst reports. Zacks Investment Research raised Engility from a “hold” rating to a “strong-buy” rating and set a $36.00 price target for the company in a research report on Thursday, November 1st. Cowen set a $36.00 price target on Engility and gave the company a “hold” rating in a research report on Wednesday, October 31st. Eight investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Engility presently has a consensus rating of “Hold” and an average target price of $36.33.

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

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Engility Company 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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