Gould Asset Management LLC CA Purchases New Holdings in Express Scripts Holding (ESRX)

Gould Asset Management LLC CA purchased a new stake in Express Scripts Holding (NASDAQ:ESRX) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 2,938 shares of the company’s stock, valued at approximately $219,000.

Several other large investors also recently made changes to their positions in ESRX. Ameriprise Financial Inc. increased its holdings in shares of Express Scripts by 23.5% in the 3rd quarter. Ameriprise Financial Inc. now owns 5,233,327 shares of the company’s stock valued at $331,374,000 after acquiring an additional 996,816 shares during the period. Arrowstreet Capital Limited Partnership increased its holdings in shares of Express Scripts by 31.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 3,450,844 shares of the company’s stock valued at $257,571,000 after acquiring an additional 835,464 shares during the period. Pzena Investment Management LLC increased its holdings in shares of Express Scripts by 23.6% in the 3rd quarter. Pzena Investment Management LLC now owns 3,509,800 shares of the company’s stock valued at $222,241,000 after acquiring an additional 670,922 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Express Scripts by 8.7% in the 4th quarter. Bank of New York Mellon Corp now owns 8,287,905 shares of the company’s stock valued at $618,609,000 after acquiring an additional 666,754 shares during the period. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Express Scripts by 21.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 3,700,527 shares of the company’s stock valued at $234,318,000 after acquiring an additional 644,208 shares during the period. Institutional investors and hedge funds own 86.45% of the company’s stock.

In other Express Scripts news, VP Glen D. Stettin sold 3,449 shares of Express Scripts stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $81.00, for a total transaction of $279,369.00. Following the completion of 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 is accessible through this hyperlink. Also, VP Christine Houston sold 10,104 shares of Express Scripts stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $70.08, for a total value of $708,088.32. Following the sale, the vice president now directly owns 87,400 shares of the company’s stock, valued at approximately $6,124,992. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 17,001 shares of company stock valued at $1,249,505. 0.68% of the stock is currently owned by insiders.

Shares of Express Scripts Holding (ESRX) opened at $75.23 on Tuesday. Express Scripts Holding has a 52-week low of $55.80 and a 52-week high of $83.49. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.73. The company has a market capitalization of $42,608.24, a PE ratio of 11.00, a price-to-earnings-growth ratio of 0.81 and a beta of 0.93.

Express Scripts announced that its Board of Directors has approved a share buyback program on Monday, December 18th that permits the company to buyback 45,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company’s board believes its stock is undervalued.

ESRX has been the topic of a number of analyst reports. Robert W. Baird lifted their price target on Express Scripts from $57.00 to $59.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded Express Scripts from a “buy” rating to a “sell” rating in a report on Tuesday, October 24th. Royal Bank of Canada set a $66.00 price target on Express Scripts and gave the company a “hold” rating in a report on Wednesday, October 25th. TheStreet raised Express Scripts from a “c+” rating to a “b-” rating in a research report on Monday, December 4th. Finally, Jefferies Group set a $80.00 price objective on Express Scripts and gave the stock a “buy” rating in a research report on Friday, December 15th. Five investment analysts have rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. Express Scripts currently has a consensus rating of “Hold” and a consensus price target of $78.93.

WARNING: “Gould Asset Management LLC CA Purchases New Holdings in Express Scripts Holding (ESRX)” was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this news story on another site, it was illegally stolen and reposted in violation of United States and international trademark and copyright law. The legal version of this news story can be viewed at https://www.dispatchtribunal.com/2018/02/20/gould-asset-management-llc-ca-purchases-new-holdings-in-express-scripts-holding-esrx.html.

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).

Institutional Ownership by Quarter for Express Scripts (NASDAQ:ESRX)

Receive News & Ratings for Express Scripts Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express Scripts and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply