Harvey Investment Co. LLC maintained its position in shares of Express Scripts Holding Co. (NASDAQ:ESRX) during the second quarter, Holdings Channel reports. The institutional investor owned 7,582 shares of the company’s stock at the end of the second quarter. Harvey Investment Co. LLC’s holdings in Express Scripts Holding were worth $575,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Oakworth Capital Inc. boosted its stake in Express Scripts Holding by 966.7% in the second quarter. Oakworth Capital Inc. now owns 1,792 shares of the company’s stock valued at $136,000 after buying an additional 1,624 shares during the period. Alpha Windward LLC boosted its stake in Express Scripts Holding by 30.7% in the second quarter. Alpha Windward LLC now owns 1,988 shares of the company’s stock valued at $151,000 after buying an additional 467 shares during the period. Community Trust & Investment Co. bought a new stake in Express Scripts Holding during the second quarter valued at $203,000. Northstar Group Inc. bought a new stake in Express Scripts Holding during the second quarter valued at $204,000. Finally, Agran Libbie bought a new stake in Express Scripts Holding during the second quarter valued at $205,000. 88.52% of the stock is currently owned by institutional investors.
Express Scripts Holding Co. (NASDAQ:ESRX) traded down 0.41% during midday trading on Friday, hitting $70.06. 3,437,662 shares of the stock traded hands. Express Scripts Holding Co. has a 12 month low of $65.55 and a 12 month high of $89.20. The company has a 50-day moving average of $71.94 and a 200-day moving average of $73.70. The stock has a market cap of $44.15 billion, a PE ratio of 17.31 and a beta of 1.16.
Express Scripts Holding (NASDAQ:ESRX) last posted its quarterly earnings results on Monday, July 25th. The company reported $1.57 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates 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 the consensus estimate of $25.42 billion. During the same quarter in the prior year, the company earned $1.44 EPS. The business’s revenue was down .9% compared to the same quarter last year. On average, equities research analysts anticipate that Express Scripts Holding Co. will post $6.36 earnings per share for the current year.
Several analysts recently weighed in on the stock. Zacks Investment Research cut shares of Express Scripts Holding from a “buy” rating to a “hold” rating in a report on Tuesday, July 19th. Barclays PLC boosted their target price on shares of Express Scripts Holding from $85.00 to $87.00 and gave the company an “overweight” rating in a report on Wednesday, July 27th. Jefferies Group dropped their target price on shares of Express Scripts Holding from $98.00 to $88.00 and set a “buy” rating on the stock in a report on Tuesday, July 26th. Mizuho boosted their target price on shares of Express Scripts Holding from $77.00 to $82.00 and gave the company a “neutral” rating in a report on Tuesday, August 2nd. Finally, Credit Suisse Group AG restated a “buy” rating on shares of Express Scripts Holding in a report on Monday, June 27th. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and nine have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $81.53.
In related news, Director Woodrow A. Myers, Jr. sold 12,036 shares of the firm’s stock in a transaction dated Wednesday, September 14th. The stock was sold at an average price of $70.40, for a total transaction of $847,334.40. Following the sale, the director now owns 14,918 shares of the company’s stock, valued at $1,050,227.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Christopher A. Mcginnis sold 1,785 shares of the firm’s stock in a transaction dated Monday, September 12th. The shares were sold at an average price of $70.77, for a total value of $126,324.45. Following the sale, the vice president now directly owns 4,955 shares in the company, valued at approximately $350,665.35. The disclosure for this sale can be found here. Corporate 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).
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 Co. (NASDAQ:ESRX).
Receive News & Ratings for Express Scripts Holding Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express Scripts Holding Co. and related companies with MarketBeat.com's FREE daily email newsletter.