Cambria Investment Management L.P. lessened its holdings in Express Scripts Holding Company (NASDAQ:ESRX) by 12.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 15,086 shares of the company’s stock after selling 2,090 shares during the period. Cambria Investment Management L.P.’s holdings in Express Scripts Holding were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dodge & Cox grew its holdings in Express Scripts Holding by 25.7% in the 2nd quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock valued at $2,310,275,000 after buying an additional 7,388,021 shares in the last quarter. Pzena Investment Management LLC acquired a new position in Express Scripts Holding in the 2nd quarter valued at $181,234,000. Renaissance Technologies LLC grew its holdings in Express Scripts Holding by 9,353.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,308,239 shares of the company’s stock valued at $86,226,000 after buying an additional 1,294,400 shares in the last quarter. Baupost Group LLC MA acquired a new position in Express Scripts Holding in the 1st quarter valued at $80,978,000. Finally, Northern Trust Corp grew its holdings in Express Scripts Holding by 12.2% in the 2nd quarter. Northern Trust Corp now owns 11,068,777 shares of the company’s stock valued at $706,629,000 after buying an additional 1,206,980 shares in the last quarter. Institutional investors and hedge funds own 88.69% of the company’s stock.
A number of research analysts have commented on the company. Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Express Scripts Holding in a report on Monday, October 9th. UBS AG lowered Express Scripts Holding from a “market perform” rating to an “underperform” rating in a report on Monday, October 9th. ValuEngine raised Express Scripts Holding from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Royal Bank Of Canada initiated coverage on Express Scripts Holding in a report on Tuesday, September 19th. They set a “sector perform” rating and a $68.00 target price on the stock. Finally, Robert W. Baird reissued a “hold” rating and set a $56.00 target price on shares of Express Scripts Holding in a report on Friday, September 1st. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $69.45.
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Shares of Express Scripts Holding Company (ESRX) opened at 57.14 on Friday. The company’s 50-day moving average price is $61.90 and its 200 day moving average price is $62.43. Express Scripts Holding Company has a 1-year low of $56.82 and a 1-year high of $77.50. The firm has a market cap of $33.00 billion, a PE ratio of 9.92 and a beta of 0.88.
Express Scripts Holding (NASDAQ:ESRX) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. The business had revenue of $25.35 billion during the quarter, compared to analyst estimates of $25.52 billion. Express Scripts Holding had a return on equity of 25.58% and a net margin of 3.50%. Express Scripts Holding’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.57 EPS. On average, analysts predict that Express Scripts Holding Company will post $6.99 EPS for the current year.
In other news, Director Woodrow A. Myers, Jr. sold 3,900 shares of the stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $63.93, for a total value of $249,327.00. Following the completion of the transaction, the director now owns 11,500 shares of the company’s stock, valued at approximately $735,195. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Phyllis S. Anderson sold 578 shares of the stock in a transaction that occurred on Friday, September 8th. The stock was sold at an average price of $63.13, for a total value of $36,489.14. Following the completion of the transaction, the vice president now directly owns 10,530 shares of the company’s stock, valued at approximately $664,758.90. The disclosure for this sale can be found here. Insiders have sold a total of 5,641 shares of company stock valued at $357,317 in the last ninety days. 0.68% of the stock is currently owned by corporate insiders.
Express Scripts Holding Profile
Express Scripts, Inc is a pharmacy benefit management (PBM) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. It operates in two segments: PBM and Emerging Markets (EM).
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