PNC Financial Services Group Inc. cut its stake in Express Scripts Holding Company (NASDAQ:ESRX) by 7.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 818,200 shares of the company’s stock after selling 70,583 shares during the period. PNC Financial Services Group Inc. owned about 0.14% of Express Scripts Holding worth $53,927,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also made changes to their positions in ESRX. SNS Financial Group LLC acquired a new position in shares of Express Scripts Holding during the first quarter valued at approximately $306,000. FDO Partners LLC increased its position in shares of Express Scripts Holding by 9.9% in the first quarter. FDO Partners LLC now owns 34,322 shares of the company’s stock valued at $2,262,000 after buying an additional 3,081 shares during the last quarter. Strategic Global Advisors LLC increased its position in shares of Express Scripts Holding by 212.9% in the first quarter. Strategic Global Advisors LLC now owns 59,163 shares of the company’s stock valued at $3,899,000 after buying an additional 40,254 shares during the last quarter. Israel Discount Bank of New York acquired a new position in shares of Express Scripts Holding during the first quarter valued at approximately $590,000. Finally, Partnervest Advisory Services LLC increased its position in shares of Express Scripts Holding by 55.7% in the first quarter. Partnervest Advisory Services LLC now owns 4,639 shares of the company’s stock valued at $306,000 after buying an additional 1,659 shares during the last quarter. 90.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of Express Scripts Holding Company (NASDAQ ESRX) opened at 61.20 on Thursday. Express Scripts Holding Company has a 52-week low of $57.80 and a 52-week high of $77.61. The company has a 50 day moving average of $62.96 and a 200-day moving average of $64.58. The company has a market cap of $35.35 billion, a PE ratio of 10.62 and a beta of 0.90.
Express Scripts Holding (NASDAQ:ESRX) last released its earnings results on Tuesday, July 25th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.02. The business had revenue of $25.35 billion for the quarter, compared to analyst estimates of $25.52 billion. Express Scripts Holding had a net margin of 3.50% and a return on equity of 25.58%. Express Scripts Holding’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.57 earnings per share. Analysts forecast that Express Scripts Holding Company will post $6.99 EPS for the current fiscal year.
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Several research analysts have recently commented on the company. BidaskClub downgraded Express Scripts Holding from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Needham & Company LLC initiated coverage on Express Scripts Holding in a report on Friday, July 21st. They set a “hold” rating on the stock. Cowen and Company reaffirmed an “outperform” rating and set a $83.00 price objective on shares of Express Scripts Holding in a report on Friday, June 9th. ValuEngine downgraded Express Scripts Holding from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Evercore ISI reduced their price objective on Express Scripts Holding from $68.50 to $59.00 and set an “in-line” rating on the stock in a report on Wednesday, April 26th. Four equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $70.81.
In related news, VP Phyllis S. Anderson sold 1,100 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $60.08, for a total value of $66,088.00. Following the transaction, the vice president now owns 11,108 shares in the company, valued at $667,368.64. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.68% of the stock is owned by insiders.
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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