State of Alaska Department of Revenue lifted its holdings in shares of Express Scripts Holding (NASDAQ:ESRX) by 116.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 89,451 shares of the company’s stock after buying an additional 48,063 shares during the period. State of Alaska Department of Revenue’s holdings in Express Scripts were worth $6,674,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Bank of Nova Scotia Trust Co. purchased a new position in shares of Express Scripts during the 3rd quarter worth approximately $120,000. Monroe Bank & Trust MI boosted its position in Express Scripts by 74.8% during the third quarter. Monroe Bank & Trust MI now owns 2,266 shares of the company’s stock worth $156,000 after acquiring an additional 970 shares during the last quarter. Capstone Investment Advisors Netherlands B.V. boosted its position in Express Scripts by 49.3% during the second quarter. Capstone Investment Advisors Netherlands B.V. now owns 2,797 shares of the company’s stock worth $179,000 after acquiring an additional 924 shares during the last quarter. Alpha Windward LLC increased its position in shares of Express Scripts by 35.9% in the 4th quarter. Alpha Windward LLC now owns 2,981 shares of the company’s stock worth $223,000 after purchasing an additional 787 shares during the last quarter. Finally, Nelson Roberts Investment Advisors LLC acquired a new position in shares of Express Scripts in the 3rd quarter valued at about $193,000. 87.46% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have recently commented on the stock. Mizuho set a $67.00 price target on shares of Express Scripts and gave the company a “hold” rating in a report on Tuesday, October 24th. Sanford C. Bernstein lowered shares of Express Scripts from a “market perform” rating to an “underperform” rating and boosted their target price for the company from $55.80 to $77.50 in a research note on Tuesday, January 30th. BidaskClub lowered shares of Express Scripts from a “strong-buy” rating to a “buy” rating in a research note on Friday, February 2nd. Raymond James Financial reiterated a “sell” rating on shares of Express Scripts in a report on Friday, December 15th. Finally, Royal Bank of Canada upgraded shares of Express Scripts from a “sector perform” rating to an “outperform” rating and set a $68.00 price target on the stock in a report on Wednesday, January 31st. Six analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company. Express Scripts has a consensus rating of “Hold” and a consensus price target of $78.23.
Shares of Express Scripts Holding (NASDAQ:ESRX) traded up $1.18 during mid-day trading on Monday, hitting $72.89. 3,800,000 shares of the stock were exchanged, compared to its average volume of 4,260,000. Express Scripts Holding has a 52 week low of $55.80 and a 52 week high of $83.49. The firm has a market cap of $40,610.00, a PE ratio of 12.11, a price-to-earnings-growth ratio of 0.77 and a beta of 0.93. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86.
Express Scripts declared that its Board of Directors has initiated a stock repurchase plan on Monday, December 18th that allows the company to repurchase 45,000,000 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.
In other Express Scripts news, VP Glen D. Stettin sold 3,449 shares of the stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $81.00, for a total transaction of $279,369.00. Following the sale, the vice president now owns 33,715 shares of the company’s stock, valued at approximately $2,730,915. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, VP Glen D. Stettin sold 3,448 shares of the stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $76.00, for a total transaction of $262,048.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 17,001 shares of company stock valued at $1,249,505. Corporate insiders own 0.68% of the company’s stock.
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Express Scripts 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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