Engineers Gate Manager LP acquired a new stake in shares of Express Scripts Holding Company (NASDAQ:ESRX) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 49,278 shares of the company’s stock, valued at approximately $3,120,000.
A number of other large investors have also recently added to or reduced their stakes in the business. Endurant Capital Management LP grew its stake in shares of Express Scripts by 22.8% in the first quarter. Endurant Capital Management LP now owns 118,027 shares of the company’s stock worth $7,779,000 after acquiring an additional 21,900 shares during the period. Westwood Holdings Group Inc. grew its stake in shares of Express Scripts by 15.6% in the first quarter. Westwood Holdings Group Inc. now owns 69,700 shares of the company’s stock worth $4,594,000 after acquiring an additional 9,400 shares during the period. Cambria Investment Management L.P. grew its stake in shares of Express Scripts by 1.2% in the first quarter. Cambria Investment Management L.P. now owns 17,176 shares of the company’s stock worth $1,132,000 after acquiring an additional 209 shares during the period. Tudor Investment Corp ET AL grew its stake in shares of Express Scripts by 274.3% in the first quarter. Tudor Investment Corp ET AL now owns 234,995 shares of the company’s stock worth $15,489,000 after acquiring an additional 172,209 shares during the period. Finally, Caxton Associates LP bought a new stake in shares of Express Scripts in the first quarter worth approximately $468,000. Institutional investors and hedge funds own 88.44% of the company’s stock.
In other Express Scripts news, VP Phyllis S. Anderson sold 578 shares of Express Scripts 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 transaction, the vice president now owns 10,530 shares of the company’s stock, valued at $664,758.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy C. Wentworth purchased 8,000 shares of the stock in a transaction on 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 acquisition, the chief executive officer now directly owns 98,628 shares of the company’s stock, valued at $6,029,129.64. The disclosure for this purchase can be found here. Insiders have sold 5,121 shares of company stock worth $325,920 in the last ninety days. Insiders own 0.68% of the company’s stock.
Express Scripts (NASDAQ:ESRX) last issued its quarterly earnings results on Tuesday, October 24th. The company reported $1.90 earnings per share for the quarter, meeting the consensus estimate of $1.90. Express Scripts had a net margin of 3.64% and a return on equity of 25.46%. The business had revenue of $24.68 billion for the quarter, compared to the consensus estimate of $25.68 billion. During the same quarter in the previous year, the firm earned $1.74 earnings per share. The company’s revenue for the quarter was down 2.9% on a year-over-year basis. equities research analysts forecast that Express Scripts Holding Company will post 7.01 EPS for the current fiscal year.
A number of analysts have recently commented on ESRX shares. ValuEngine lowered shares of Express Scripts from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and issued a $56.00 price target on shares of Express Scripts in a research note on Friday, September 1st. Jefferies Group set a $72.00 price target on shares of Express Scripts and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Raymond James Financial reiterated an “underperform” rating on shares of Express Scripts in a research note on Monday, October 9th. Finally, Zacks Investment Research lowered shares of Express Scripts from a “buy” rating to a “sell” rating in a research note on Tuesday, October 24th. Six analysts have rated the stock with a sell rating, eleven have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $70.67.
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Express Scripts 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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