Essex Financial Services Inc. Decreases Holdings in Express Scripts Holding Company (ESRX)
Essex Financial Services Inc. trimmed its position in Express Scripts Holding Company (NASDAQ:ESRX) by 21.0% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,586 shares of the company’s stock after selling 1,221 shares during the quarter. Essex Financial Services Inc.’s holdings in Express Scripts Holding were worth $293,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Burt Wealth Advisors grew its holdings in Express Scripts Holding by 11.4% in the 2nd quarter. Burt Wealth Advisors now owns 1,696 shares of the company’s stock valued at $108,000 after buying an additional 174 shares in the last quarter. CKW Financial Group lifted its position in shares of Express Scripts Holding by 20.0% during the 2nd 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 last quarter. TrimTabs Asset Management LLC bought a new stake in shares of Express Scripts Holding during the 1st quarter worth $121,000. Capital Analysts LLC lifted its position in shares of Express Scripts Holding by 5.6% during the 1st quarter. Capital Analysts LLC now owns 1,877 shares of the company’s stock worth $124,000 after buying an additional 100 shares during the last quarter. Finally, IHT Wealth Management LLC lifted its position in shares of Express Scripts Holding by 8.1% during the 1st 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 last quarter. 88.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Express Scripts Holding Company (NASDAQ ESRX) opened at 62.34 on Friday. The stock has a market capitalization of $36.00 billion, a P/E ratio of 10.82 and a beta of 0.88. The firm’s 50-day moving average price is $61.88 and its 200 day moving average price is $63.29. Express Scripts Holding Company has a 52 week low of $57.80 and a 52 week high of $77.50.
Express Scripts Holding (NASDAQ:ESRX) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.71 by $0.02. Express Scripts Holding had a net margin of 3.50% and a return on equity of 25.58%. The business had revenue of $25.35 billion for the quarter, compared to analyst estimates of $25.52 billion. During the same period in the previous year, the company earned $1.57 earnings per share. The business’s revenue for the quarter was up .5% on a year-over-year basis. Analysts expect that Express Scripts Holding Company will post $6.99 earnings per share for the current year.
In other Express Scripts Holding news, VP Everett Neville sold 1,163 shares of Express Scripts Holding stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $61.48, for a total value of $71,501.24. Following the transaction, the vice president now directly owns 18,232 shares of the company’s stock, valued at $1,120,903.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Woodrow A. Myers, Jr. sold 3,900 shares of Express Scripts Holding stock in a transaction on Monday, September 11th. The stock was sold at an average price of $63.93, for a total transaction of $249,327.00. Following the completion of the transaction, the director now directly owns 11,500 shares in the company, valued at $735,195. The disclosure for this sale can be found here. Insiders sold 5,641 shares of company stock worth $357,317 over the last ninety days. Corporate insiders own 0.68% of the company’s stock.
Several analysts recently weighed in on the company. Robert W. Baird restated a “hold” rating and set a $56.00 price objective on shares of Express Scripts Holding in a research report on Friday, September 1st. Morgan Stanley raised their price objective on Express Scripts Holding from $52.00 to $57.00 and gave the stock an “underweight” rating in a research report on Thursday, August 10th. Needham & Company LLC started coverage on Express Scripts Holding in a research report on Friday, July 21st. They set a “hold” rating for the company. ValuEngine downgraded Express Scripts Holding from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Finally, BidaskClub downgraded Express Scripts Holding from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Express Scripts Holding has a consensus rating of “Hold” and an average target price of $70.24.
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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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