Acadian Asset Management LLC Has $404,000 Holdings in Express Scripts Holding (ESRX)

Acadian Asset Management LLC lessened its holdings in Express Scripts Holding (NASDAQ:ESRX) by 53.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,407 shares of the company’s stock after selling 6,334 shares during the quarter. Acadian Asset Management LLC’s holdings in Express Scripts were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in ESRX. Dodge & Cox grew its holdings in shares of Express Scripts by 25.7% in the 2nd quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock worth $2,310,275,000 after purchasing an additional 7,388,021 shares during the last quarter. Ameriprise Financial Inc. grew 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 worth $331,374,000 after purchasing an additional 996,816 shares during the last quarter. Macquarie Group Ltd. grew its holdings in shares of Express Scripts by 8.4% in the 2nd quarter. Macquarie Group Ltd. now owns 11,880,919 shares of the company’s stock worth $758,480,000 after purchasing an additional 922,406 shares during the last quarter. Pzena Investment Management LLC grew 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 worth $222,241,000 after purchasing an additional 670,922 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. grew 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 worth $234,318,000 after purchasing an additional 644,208 shares during the last quarter. 88.19% of the stock is currently owned by hedge funds and other institutional investors.

Express Scripts Holding (ESRX) opened at $76.50 on Monday. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. Express Scripts Holding has a 52-week low of $55.80 and a 52-week high of $83.49. The stock has a market cap of $43,330.00, a PE ratio of 12.71, a price-to-earnings-growth ratio of 0.85 and a beta of 0.93.

Express Scripts declared that its board has initiated a share repurchase plan on Monday, December 18th that allows the company to buyback 45,000,000 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In other Express Scripts news, VP Glen D. Stettin sold 3,449 shares of the company’s stock in a transaction dated Thursday, January 11th. The shares were sold at an average price of $81.00, for a total transaction of $279,369.00. Following the transaction, the vice president now directly owns 33,715 shares in the company, valued at approximately $2,730,915. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Glen D. Stettin sold 3,448 shares of the company’s stock in a transaction dated Tuesday, January 2nd. The shares were sold at an average price of $76.00, for a total transaction of $262,048.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 17,001 shares of company stock worth $1,249,505. Corporate insiders own 0.68% of the company’s stock.

Several research firms have recently weighed in on ESRX. SunTrust Banks set a $82.00 target price on shares of Express Scripts and gave the stock a “buy” rating in a report on Thursday, December 14th. Jefferies Group reaffirmed a “buy” rating on shares of Express Scripts in a report on Thursday, October 26th. Zacks Investment Research raised shares of Express Scripts from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Monday, October 16th. Royal Bank of Canada set a $68.00 target price on shares of Express Scripts and gave the stock a “hold” rating in a report on Friday, December 15th. Finally, Mizuho set a $86.00 price objective on shares of Express Scripts and gave the stock a “hold” rating in a report on Wednesday, January 24th. Six equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Hold” and an average price target of $78.23.

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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).

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

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