Tradewinds Capital Management LLC raised its position in shares of Express Scripts Holding Co. (NASDAQ:ESRX) by 0.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 20,744 shares of the company’s stock after buying an additional 23 shares during the period. Express Scripts Holding makes up approximately 1.1% of Tradewinds Capital Management LLC’s holdings, making the stock its 16th largest position. Tradewinds Capital Management LLC’s holdings in Express Scripts Holding were worth $1,572,000 at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. Nordea Investment Management AB increased its position in shares of Express Scripts Holding by 95.8% in the second quarter. Nordea Investment Management AB now owns 4,232,191 shares of the company’s stock worth $320,800,000 after buying an additional 2,070,886 shares in the last quarter. 1832 Asset Management L.P. increased its position in Express Scripts Holding by 728.9% in the first quarter. 1832 Asset Management L.P. now owns 1,000,871 shares of the company’s stock worth $115,153,000 after buying an additional 880,129 shares during the period. Renaissance Technologies LLC purchased a new position in Express Scripts Holding during the first quarter worth about $43,147,000. Bank of Montreal Can purchased a new position in Express Scripts Holding during the second quarter worth about $43,146,000. Finally, PGGM Investments purchased a new position in Express Scripts Holding during the second quarter worth about $35,563,000. Institutional investors own 88.52% of the company’s stock.
Shares of Express Scripts Holding Co. (NASDAQ:ESRX) traded up 1.04% on Friday, reaching $69.76. The company’s stock had a trading volume of 2,976,526 shares. Express Scripts Holding Co. has a 12-month low of $65.55 and a 12-month high of $89.20. The stock has a market cap of $43.96 billion, a PE ratio of 17.24 and a beta of 1.16. The firm has a 50 day moving average price of $70.88 and a 200-day moving average price of $73.73.
Express Scripts Holding (NASDAQ:ESRX) last posted its earnings results on Monday, July 25th. The company reported $1.57 EPS for the quarter, hitting the Zacks’ consensus estimate of $1.57. Express Scripts Holding had a return on equity of 23.98% and a net margin of 2.64%. The business had revenue of $25.20 billion for the quarter, compared to analysts’ expectations of $25.42 billion. During the same quarter in the previous year, the firm earned $1.44 earnings per share. The business’s revenue was down .9% compared to the same quarter last year. Equities research analysts expect that Express Scripts Holding Co. will post $6.36 EPS for the current year.
ESRX has been the subject of a number of research reports. Morgan Stanley downgraded Express Scripts Holding from an “equal weight” rating to an “underweight” rating and increased their price objective for the stock from $67.00 to $70.00 in a report on Monday, June 20th. Credit Suisse Group AG reiterated an “outperform” rating and issued a $85.00 price objective on shares of Express Scripts Holding in a report on Monday, October 3rd. Zacks Investment Research upgraded Express Scripts Holding from a “hold” rating to a “buy” rating and set a $78.00 price objective for the company in a report on Wednesday, October 5th. Leerink Swann reiterated a “market perform” rating and issued a $80.00 price objective on shares of Express Scripts Holding in a report on Thursday, September 1st. Finally, Jefferies Group decreased their price objective on Express Scripts Holding from $98.00 to $88.00 and set a “buy” rating for the company in a report on Tuesday, July 26th. Three analysts have rated the stock with a sell rating, ten have issued a hold rating and nine have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $81.53.
In related news, VP Christopher A. Mcginnis sold 1,785 shares of the business’s stock in a transaction dated Monday, September 12th. The stock was sold at an average price of $70.77, for a total value of $126,324.45. Following the transaction, the vice president now owns 4,955 shares in the company, valued at approximately $350,665.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Woodrow A. Myers, Jr. sold 12,036 shares of the business’s stock in a transaction dated Wednesday, September 14th. The shares were sold at an average price of $70.40, for a total value of $847,334.40. Following the completion of the transaction, the director now owns 14,918 shares in the company, valued at approximately $1,050,227.20. The disclosure for this sale can be found here. Insiders own 0.54% 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).
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