HighTower Advisors LLC cut its stake in Express Scripts Holding Company (NASDAQ:ESRX) by 4.3% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 138,805 shares of the company’s stock after selling 6,306 shares during the period. HighTower Advisors LLC’s holdings in Express Scripts Holding were worth $8,848,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently modified their holdings of the company. Burt Wealth Advisors lifted its holdings in Express Scripts Holding by 11.4% in the second quarter. Burt Wealth Advisors now owns 1,696 shares of the company’s stock worth $108,000 after buying an additional 174 shares during the period. CKW Financial Group lifted its holdings in Express Scripts Holding by 20.0% in the second quarter. CKW Financial Group now owns 1,800 shares of the company’s stock worth $115,000 after buying an additional 300 shares during the period. TrimTabs Asset Management LLC purchased a new stake in Express Scripts Holding in the first quarter worth about $121,000. IHT Wealth Management LLC lifted its holdings in Express Scripts Holding by 8.1% in the first quarter. IHT Wealth Management LLC now owns 1,944 shares of the company’s stock worth $128,000 after buying an additional 145 shares during the period. Finally, First Personal Financial Services lifted its holdings in Express Scripts Holding by 199.1% in the second quarter. First Personal Financial Services now owns 2,103 shares of the company’s stock worth $134,000 after buying an additional 1,400 shares during the period. Institutional investors and hedge funds own 88.69% of the company’s stock.
In related news, Director Woodrow A. Myers, Jr. sold 3,900 shares of the firm’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $63.93, for a total transaction of $249,327.00. Following the sale, the director now owns 11,500 shares in the company, valued at $735,195. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, VP Everett Neville sold 1,163 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $61.48, for a total transaction of $71,501.24. Following the sale, the vice president now owns 18,232 shares in the company, valued at approximately $1,120,903.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 5,641 shares of company stock worth $357,317. 0.68% of the stock is owned by company insiders.
Shares of Express Scripts Holding Company (NASDAQ ESRX) opened at 57.67 on Friday. Express Scripts Holding Company has a 12 month low of $57.41 and a 12 month high of $77.50. The company has a market cap of $33.31 billion, a P/E ratio of 10.01 and a beta of 0.88. The stock’s 50 day moving average is $61.96 and its 200-day moving average is $62.50.
Express Scripts Holding (NASDAQ:ESRX) last released its quarterly earnings data on Tuesday, July 25th. The company reported $1.73 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.71 by $0.02. The firm had revenue of $25.35 billion for the quarter, compared to analyst estimates of $25.52 billion. Express Scripts Holding had a net margin of 3.50% and a return on equity of 25.58%. The business’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.57 earnings per share. On average, equities analysts forecast that Express Scripts Holding Company will post $6.99 EPS for the current year.
Several analysts have commented on the stock. Raymond James Financial, Inc. restated an “underperform” rating on shares of Express Scripts Holding in a report on Monday. UBS AG lowered shares of Express Scripts Holding from a “market perform” rating to an “underperform” rating in a report on Monday. ValuEngine upgraded shares of Express Scripts Holding from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Royal Bank Of Canada started coverage on shares of Express Scripts Holding in a report on Tuesday, September 19th. They set a “sector perform” rating and a $68.00 target price for the company. Finally, Robert W. Baird reiterated a “hold” rating and set a $56.00 target price on shares of Express Scripts Holding in a report on Friday, September 1st. Six research analysts have rated the stock with a sell rating, eleven have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $69.45.
About Express Scripts Holding
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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