Keybank National Association OH cut its holdings in Express Scripts Holding (NASDAQ:ESRX) by 15.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 83,482 shares of the company’s stock after selling 14,918 shares during the quarter. Keybank National Association OH’s holdings in Express Scripts were worth $6,231,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors have also bought and sold shares of ESRX. Ameriprise Financial Inc. increased its stake in Express Scripts by 23.5% in the third quarter. Ameriprise Financial Inc. now owns 5,233,327 shares of the company’s stock valued at $331,374,000 after purchasing an additional 996,816 shares during the period. Pzena Investment Management LLC increased its stake in Express Scripts by 23.6% in the third quarter. Pzena Investment Management LLC now owns 3,509,800 shares of the company’s stock valued at $222,241,000 after purchasing an additional 670,922 shares during the period. Schwab Charles Investment Management Inc. increased its stake in Express Scripts by 21.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 3,700,527 shares of the company’s stock valued at $234,318,000 after purchasing an additional 644,208 shares during the period. Koch Industries Inc. increased its stake in Express Scripts by 13,567.7% in the second quarter. Koch Industries Inc. now owns 537,004 shares of the company’s stock valued at $529,000 after purchasing an additional 533,075 shares during the period. Finally, Stifel Financial Corp increased its stake in Express Scripts by 3,089.1% in the third quarter. Stifel Financial Corp now owns 543,588 shares of the company’s stock valued at $34,402,000 after purchasing an additional 526,543 shares during the period. Institutional investors own 87.46% of the company’s stock.
Several analysts have recently weighed in on the stock. BidaskClub downgraded shares of Express Scripts from a “buy” rating to a “hold” rating in a report on Wednesday. SunTrust Banks set a $82.00 target price on shares of Express Scripts and gave the company a “buy” rating in a report on Thursday, December 14th. Jefferies Group reaffirmed a “buy” rating on shares of Express Scripts in a report on Thursday, October 26th. Royal Bank of Canada set a $68.00 target price on shares of Express Scripts and gave the company a “hold” rating in a report on Friday, December 15th. Finally, Zacks Investment Research downgraded shares of Express Scripts from a “buy” rating to a “sell” rating in a report on Tuesday, October 24th. Five analysts have rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $78.93.
In related news, VP Glen D. Stettin sold 3,449 shares of the business’s 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 $2,730,915. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, VP Christine Houston sold 10,104 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $70.08, for a total transaction of $708,088.32. Following the sale, the vice president now directly owns 87,400 shares in the company, valued at approximately $6,124,992. The disclosure for this sale can be found here. In the last three months, insiders have sold 17,001 shares of company stock worth $1,249,505. 0.68% of the stock is owned by insiders.
Shares of Express Scripts Holding (ESRX) opened at $75.23 on Friday. The company has a market cap of $41,951.25, a PE ratio of 12.39, a P/E/G ratio of 0.79 and a beta of 0.93. Express Scripts Holding has a fifty-two week low of $55.80 and a fifty-two week high of $83.49. 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 announced that its board has approved a share repurchase program on Monday, December 18th that authorizes the company to buyback 45,000,000 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.
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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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