California State Teachers Retirement System raised its holdings in Express Scripts Holding (NASDAQ:ESRX) by 6.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,112,314 shares of the company’s stock after acquiring an additional 67,674 shares during the quarter. California State Teachers Retirement System’s holdings in Express Scripts were worth $83,023,000 as of its most recent filing with the SEC.
Other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp lifted its holdings in Express Scripts by 5.1% in the third quarter. Van ECK Associates Corp now owns 506,511 shares of the company’s stock valued at $32,072,000 after acquiring an additional 24,728 shares during the period. Victory Capital Management Inc. lifted its holdings in Express Scripts by 12.5% in the third quarter. Victory Capital Management Inc. now owns 35,421 shares of the company’s stock valued at $2,243,000 after acquiring an additional 3,940 shares during the period. LMR Partners LLP acquired a new stake in Express Scripts in the third quarter valued at $3,230,000. Polianta Ltd raised its stake in shares of Express Scripts by 38.9% during the 4th quarter. Polianta Ltd now owns 20,700 shares of the company’s stock worth $1,545,000 after buying an additional 5,800 shares during the last quarter. Finally, Zeke Capital Advisors LLC raised its stake in shares of Express Scripts by 85.4% during the 3rd quarter. Zeke Capital Advisors LLC now owns 12,347 shares of the company’s stock worth $782,000 after buying an additional 5,688 shares during the last quarter. 89.08% of the stock is owned by institutional investors.
Shares of Express Scripts Holding (NASDAQ ESRX) opened at $78.25 on Tuesday. The company has a market capitalization of $45,319.88, a PE ratio of 11.34, a P/E/G ratio of 0.99 and a beta of 0.94. Express Scripts Holding has a 52-week low of $55.80 and a 52-week high of $85.07. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.55 and a current ratio of 0.67.
Express Scripts announced that its board has approved a stock repurchase plan on Monday, December 18th that allows the company to repurchase 45,000,000 shares. This repurchase authorization allows the company to reacquire shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several research firms have recently issued reports on ESRX. William Blair downgraded Express Scripts from an “outperform” rating to a “market perform” rating in a research note on Thursday, March 8th. Mizuho set a $96.00 price target on Express Scripts and gave the stock a “hold” rating in a research note on Thursday, March 8th. Sanford C. Bernstein raised Express Scripts from an “underperform” rating to a “market perform” rating in a research note on Monday. Zacks Investment Research raised Express Scripts from a “hold” rating to a “buy” rating and set a $84.00 price target for the company in a research note on Tuesday, March 6th. Finally, Barclays began coverage on Express Scripts in a research note on Thursday, March 8th. They set an “equal weight” rating and a $84.00 price target for the company. Three investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $81.97.
In related news, VP Christine Houston sold 10,104 shares of Express Scripts stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $70.08, for a total transaction of $708,088.32. Following the completion of the sale, the vice president now owns 87,400 shares in the company, valued at approximately $6,124,992. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Glen D. Stettin sold 3,449 shares of Express Scripts stock in a transaction dated Thursday, January 11th. The stock was sold at an average price of $81.00, for a total value of $279,369.00. Following the sale, the vice president now owns 33,715 shares of the company’s stock, valued at approximately $2,730,915. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,896 shares of company stock valued at $1,617,903. 0.68% of the stock is currently owned by company insiders.
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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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