HighTower Advisors LLC Decreases Stake in Express Scripts Holding Company (ESRX)

HighTower Advisors LLC decreased its stake in Express Scripts Holding Company (NASDAQ:ESRX) by 23.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 145,111 shares of the company’s stock after selling 43,892 shares during the period. HighTower Advisors LLC’s holdings in Express Scripts Holding were worth $9,576,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Marshall & Sullivan Inc. WA boosted its stake in Express Scripts Holding by 6.5% in the first quarter. Marshall & Sullivan Inc. WA now owns 39,324 shares of the company’s stock valued at $2,372,000 after buying an additional 2,404 shares in the last quarter. Caxton Associates LP bought a new stake in Express Scripts Holding during the first quarter valued at about $468,000. Tudor Investment Corp ET AL boosted its stake in Express Scripts Holding by 274.3% in the first quarter. Tudor Investment Corp ET AL now owns 234,995 shares of the company’s stock valued at $15,489,000 after buying an additional 172,209 shares in the last quarter. Cambria Investment Management L.P. boosted its stake in Express Scripts Holding by 1.2% in the first quarter. Cambria Investment Management L.P. now owns 17,176 shares of the company’s stock valued at $1,132,000 after buying an additional 209 shares in the last quarter. Finally, Westwood Holdings Group Inc. boosted its stake in Express Scripts Holding by 15.6% in the first quarter. Westwood Holdings Group Inc. now owns 69,700 shares of the company’s stock valued at $4,594,000 after buying an additional 9,400 shares in the last quarter. Institutional investors own 90.20% of the company’s stock.

Express Scripts Holding Company (NASDAQ:ESRX) traded up 0.70% during mid-day trading on Friday, hitting $60.72. 1,029,183 shares of the company were exchanged. The stock’s 50 day moving average is $62.85 and its 200-day moving average is $64.55. Express Scripts Holding Company has a 12-month low of $57.80 and a 12-month high of $77.61. The company has a market cap of $35.07 billion, a price-to-earnings ratio of 10.54 and a beta of 0.90.

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, beating the Zacks’ consensus estimate of $1.71 by $0.02. Express Scripts Holding had a return on equity of 25.58% and a net margin of 3.50%. The business had revenue of $25.35 billion during the quarter, compared to analysts’ expectations of $25.52 billion. During the same period in the previous year, the business posted $1.57 earnings per share. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. Equities research analysts predict that Express Scripts Holding Company will post $6.99 EPS for the current year.

COPYRIGHT VIOLATION WARNING: “HighTower Advisors LLC Decreases Stake in Express Scripts Holding Company (ESRX)” was first posted by Community Financial News and is the property of of Community Financial News. If you are accessing this news story on another website, it was copied illegally and republished in violation of U.S. & international copyright and trademark laws. The legal version of this news story can be read at https://www.com-unik.info/2017/08/11/hightower-advisors-llc-decreases-stake-in-express-scripts-holding-company-esrx.html.

Several analysts recently issued reports on ESRX shares. Jefferies Group LLC set a $88.00 price target on shares of Express Scripts Holding and gave the company a “buy” rating in a report on Thursday, April 20th. Mizuho cut their price target on shares of Express Scripts Holding from $76.00 to $61.00 and set a “neutral” rating on the stock in a report on Tuesday, April 25th. Bank of America Corporation reaffirmed a “neutral” rating and issued a $77.00 price target on shares of Express Scripts Holding in a report on Tuesday, April 25th. Cowen and Company cut their price target on shares of Express Scripts Holding from $90.00 to $83.00 and set an “outperform” rating on the stock in a report on Tuesday, April 25th. Finally, SunTrust Banks, Inc. reaffirmed a “buy” rating on shares of Express Scripts Holding in a report on Tuesday, April 25th. Four research analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $71.17.

In related news, VP Phyllis S. Anderson sold 1,100 shares of Express Scripts Holding stock in a transaction dated Friday, May 19th. The stock was sold at an average price of $60.08, for a total value of $66,088.00. Following the completion of the transaction, the vice president now directly owns 11,108 shares of the company’s stock, valued at $667,368.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.68% of the company’s stock.

Express Scripts Holding Company 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).

Want to see what other hedge funds are holding ESRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Express Scripts Holding Company (NASDAQ:ESRX).

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

What are top analysts saying about Express Scripts Holding Company? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Express Scripts Holding Company and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit