ARP Americas LLC Buys Shares of 3,172 Express Scripts Holding Company (ESRX)
ARP Americas LLC bought a new position in Express Scripts Holding Company (NASDAQ:ESRX) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 3,172 shares of the company’s stock, valued at approximately $203,000.
A number of other institutional investors have also modified their holdings of the company. Meyer Handelman Co. raised its stake in shares of Express Scripts Holding by 1.8% in the first quarter. Meyer Handelman Co. now owns 12,833 shares of the company’s stock valued at $846,000 after buying an additional 233 shares during the last quarter. Dillon & Associates Inc. raised its position in Express Scripts Holding by 5.6% in the first quarter. Dillon & Associates Inc. now owns 6,735 shares of the company’s stock worth $445,000 after buying an additional 355 shares in the last quarter. Oakworth Capital Inc. raised its position in Express Scripts Holding by 7.0% in the first quarter. Oakworth Capital Inc. now owns 2,362 shares of the company’s stock worth $155,000 after buying an additional 155 shares in the last quarter. IFP Advisors Inc raised its position in Express Scripts Holding by 3.1% in the first quarter. IFP Advisors Inc now owns 15,230 shares of the company’s stock worth $1,004,000 after buying an additional 457 shares in the last quarter. Finally, Asset Advisors Corp bought a new position in Express Scripts Holding during the first quarter worth approximately $1,054,000. 88.70% of the stock is currently owned by hedge funds and other institutional investors.
Express Scripts Holding Company (NASDAQ ESRX) opened at 61.53 on Thursday. The stock’s 50 day moving average is $61.89 and its 200-day moving average is $63.95. Express Scripts Holding Company has a 12-month low of $57.80 and a 12-month high of $77.50. The company has a market cap of $35.54 billion, a P/E ratio of 10.68 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 the Zacks’ consensus estimate of $1.71 by $0.02. The firm had revenue of $25.35 billion for 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 business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.57 EPS. Analysts predict that Express Scripts Holding Company will post $6.99 earnings per share for the current fiscal year.
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A number of research firms recently commented on ESRX. Jefferies Group LLC set a $72.00 price objective on shares of Express Scripts Holding and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley lifted their price target on shares of Express Scripts Holding from $52.00 to $57.00 and gave the stock an “underweight” rating in a research report on Thursday, August 10th. BidaskClub lowered shares of Express Scripts Holding from a “sell” rating to a “strong sell” rating in a research report on Friday, August 4th. Needham & Company LLC started coverage on shares of Express Scripts Holding in a research report on Friday, July 21st. They issued a “hold” rating on the stock. Finally, Cowen and Company restated an “outperform” rating and issued a $83.00 price target on shares of Express Scripts Holding in a research report on Friday, June 9th. Four analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $70.03.
In other Express Scripts Holding news, VP Everett Neville sold 1,163 shares of Express Scripts Holding stock in a transaction on Wednesday, August 23rd. The shares were sold at an average price of $61.48, for a total transaction of $71,501.24. Following the transaction, the vice president now directly owns 18,232 shares of the company’s stock, valued at approximately $1,120,903.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.68% of the stock is owned by insiders.
About Express Scripts Holding
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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