Marco Investment Management LLC boosted its position in shares of Express Scripts Holding (NASDAQ:ESRX) by 5.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 29,550 shares of the company’s stock after purchasing an additional 1,400 shares during the period. Marco Investment Management LLC’s holdings in Express Scripts were worth $2,206,000 at the end of the most recent quarter.
Other hedge funds have also recently modified their holdings of the company. SeaCrest Wealth Management LLC purchased a new position in Express Scripts during the fourth quarter worth about $105,000. Bank of Nova Scotia Trust Co. purchased a new position in Express Scripts during the third quarter worth about $120,000. Aevitas Wealth Management Inc. purchased a new position in Express Scripts during the fourth quarter worth about $128,000. Financial Gravity Companies Inc. purchased a new position in Express Scripts during the fourth quarter worth about $142,000. Finally, Monroe Bank & Trust MI raised its stake in Express Scripts by 74.8% during the third quarter. Monroe Bank & Trust MI now owns 2,266 shares of the company’s stock worth $156,000 after purchasing an additional 970 shares during the period. 89.44% of the stock is currently owned by institutional investors.
Shares of Express Scripts Holding (NASDAQ:ESRX) opened at $72.99 on Tuesday. Express Scripts Holding has a 52 week low of $55.80 and a 52 week high of $85.07. The firm has a market cap of $42,665.23, a P/E ratio of 9.32, a P/E/G ratio of 0.93 and a beta of 0.94. The company has a current ratio of 0.67, a quick ratio of 0.55 and a debt-to-equity ratio of 0.83.
Express Scripts declared that its board has approved a stock repurchase program on Monday, December 18th that permits the company to buyback 45,000,000 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Stock buyback programs are often a sign that the company’s leadership believes its stock is undervalued.
In other Express Scripts news, insider Christine Houston sold 19,889 shares of the business’s stock in a transaction that occurred on Thursday, March 15th. The shares were sold at an average price of $76.69, for a total transaction of $1,525,287.41. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Glen D. Stettin sold 3,448 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $76.00, for a total transaction of $262,048.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 31,681 shares of company stock worth $2,435,102. 0.68% of the stock is owned by insiders.
A number of research firms have recently issued reports on ESRX. Maxim Group boosted their price target on shares of Express Scripts from $87.00 to $101.00 in a research note on Wednesday, February 28th. TheStreet raised shares of Express Scripts from a “c+” rating to a “b-” rating in a research note on Monday, December 4th. Jefferies Group set a $80.00 price target on shares of Express Scripts and gave the company a “buy” rating in a research note on Friday, December 15th. SunTrust Banks set a $82.00 price target on shares of Express Scripts and gave the company a “buy” rating in a research note on Thursday, December 14th. Finally, BidaskClub raised shares of Express Scripts from a “hold” rating to a “buy” rating in a research note on Thursday, December 14th. Three analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $81.97.
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About Express Scripts
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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