Old West Investment Management LLC Invests $587,000 in Express Scripts Holding Company (ESRX) Stock

Old West Investment Management LLC purchased a new stake in shares of Express Scripts Holding Company (NASDAQ:ESRX) in the third quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 9,271 shares of the company’s stock, valued at approximately $587,000.

A number of other hedge funds and other institutional investors have also modified their holdings of ESRX. Dodge & Cox increased its stake in Express Scripts by 25.7% during the 2nd quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock valued at $2,310,275,000 after purchasing an additional 7,388,021 shares in the last quarter. Pzena Investment Management LLC bought a new stake in shares of Express Scripts in the second quarter worth approximately $181,234,000. Baupost Group LLC MA bought a new stake in shares of Express Scripts in the first quarter worth approximately $80,978,000. Northern Trust Corp grew its stake in shares of Express Scripts by 12.2% in the second quarter. Northern Trust Corp now owns 11,068,777 shares of the company’s stock worth $706,629,000 after acquiring an additional 1,206,980 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Express Scripts by 23.5% in the third quarter. Ameriprise Financial Inc. now owns 5,233,327 shares of the company’s stock worth $331,374,000 after acquiring an additional 996,816 shares during the period. 88.44% of the stock is owned by institutional investors.

Several analysts recently issued reports on ESRX shares. TheStreet upgraded shares of Express Scripts from a “c+” rating to a “b-” rating in a research report on Monday. Zacks Investment Research upgraded shares of Express Scripts from a “hold” rating to a “buy” rating and set a $64.00 target price for the company in a research report on Monday, October 16th. ValuEngine upgraded shares of Express Scripts from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Jefferies Group set a $72.00 target price on shares of Express Scripts and gave the company a “buy” rating in a research report on Tuesday, August 29th. Finally, Deutsche Bank assumed coverage on shares of Express Scripts in a report on Monday. They set a “buy” rating and a $75.00 price target on the stock. Six analysts have rated the stock with a sell rating, eleven have given a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $70.67.

In other news, VP Phyllis S. Anderson sold 578 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $63.13, for a total transaction of $36,489.14. Following the sale, the vice president now owns 10,530 shares of the company’s stock, valued at approximately $664,758.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy C. Wentworth acquired 8,000 shares of the company’s stock in a transaction dated Tuesday, October 31st. The shares were purchased at an average cost of $61.13 per share, for a total transaction of $489,040.00. Following the purchase, the chief executive officer now directly owns 98,628 shares in the company, valued at $6,029,129.64. The disclosure for this purchase can be found here. Insiders have sold a total of 5,121 shares of company stock worth $325,920 in the last ninety days. Corporate insiders own 0.68% of the company’s stock.

Shares of Express Scripts Holding Company (NASDAQ ESRX) opened at $68.57 on Thursday. The company has a market cap of $38,603.98, a P/E ratio of 9.96, a PEG ratio of 1.01 and a beta of 0.88. Express Scripts Holding Company has a one year low of $55.80 and a one year high of $76.38. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.73.

Express Scripts (NASDAQ:ESRX) last issued its quarterly earnings data on Tuesday, October 24th. The company reported $1.90 EPS for the quarter, hitting analysts’ consensus estimates of $1.90. The business had revenue of $24.68 billion for the quarter, compared to analysts’ expectations of $25.68 billion. Express Scripts had a net margin of 3.64% and a return on equity of 25.46%. The business’s revenue was down 2.9% on a year-over-year basis. During the same quarter last year, the company earned $1.74 EPS. research analysts forecast that Express Scripts Holding Company will post 7.01 earnings per share for the current fiscal year.

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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).

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

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