Express Scripts Holding Company (NASDAQ:ESRX) Shares Bought by Cibc World Markets Corp
Cibc World Markets Corp boosted its position in Express Scripts Holding Company (NASDAQ:ESRX) by 478.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 244,424 shares of the company’s stock after buying an additional 202,143 shares during the period. Cibc World Markets Corp’s holdings in Express Scripts Holding were worth $16,110,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently added to or reduced their stakes in ESRX. Dodge & Cox purchased a new stake in Express Scripts Holding during the fourth quarter valued at about $1,456,850,000. Cigna Investments Inc. New purchased a new stake in Express Scripts Holding during the fourth quarter valued at about $1,593,000. Highbridge Capital Management LLC raised its stake in Express Scripts Holding by 1,476.0% in the fourth quarter. Highbridge Capital Management LLC now owns 423,411 shares of the company’s stock valued at $29,127,000 after buying an additional 396,544 shares in the last quarter. Hancock Holding Co. raised its stake in Express Scripts Holding by 9.9% in the first quarter. Hancock Holding Co. now owns 183,489 shares of the company’s stock valued at $12,094,000 after buying an additional 16,536 shares in the last quarter. Finally, Twin Capital Management Inc. raised its stake in Express Scripts Holding by 0.8% in the first quarter. Twin Capital Management Inc. now owns 46,560 shares of the company’s stock valued at $3,069,000 after buying an additional 360 shares in the last quarter. 90.48% of the stock is currently owned by hedge funds and other institutional investors.
Express Scripts Holding Company (ESRX) traded down 0.11% during mid-day trading on Friday, reaching $62.53. The company’s stock had a trading volume of 2,668,291 shares. The company has a 50 day moving average of $63.15 and a 200-day moving average of $64.92. Express Scripts Holding Company has a 52-week low of $57.80 and a 52-week high of $77.61. The stock has a market cap of $36.11 billion, a PE ratio of 10.85 and a beta of 0.90.
Express Scripts Holding (NASDAQ:ESRX) last posted its quarterly earnings data on Tuesday, July 25th. The company reported $1.73 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. The company had revenue of $25.35 billion during the quarter, compared to the consensus estimate of $25.52 billion. Express Scripts Holding had a net margin of 3.50% and a return on equity of 25.58%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.57 EPS. Equities analysts forecast that Express Scripts Holding Company will post $6.99 earnings per share for the current year.
A number of research analysts recently commented on the company. Needham & Company LLC initiated coverage on Express Scripts Holding in a research note on Friday, July 21st. They issued a “hold” rating for the company. BidaskClub cut Express Scripts Holding from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Cowen and Company restated an “outperform” rating and issued a $83.00 price objective on shares of Express Scripts Holding in a report on Friday, June 9th. ValuEngine lowered Express Scripts Holding from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, Evercore ISI cut their price objective on Express Scripts Holding from $68.50 to $59.00 and set an “in-line” rating for the company in a report on Wednesday, April 26th. Four analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $70.81.
In other news, VP Phyllis S. Anderson sold 1,100 shares of the company’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the SEC, which is available at this link. 0.68% of the stock is currently owned by corporate 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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