Boston Family Office LLC Sells 2,992 Shares of Express Scripts Holding Company (ESRX)
Boston Family Office LLC decreased its stake in Express Scripts Holding Company (NASDAQ:ESRX) by 27.0% in the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 8,070 shares of the company’s stock after selling 2,992 shares during the quarter. Boston Family Office LLC’s holdings in Express Scripts Holding were worth $515,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Marshall Wace North America L.P. purchased a new position in shares of Express Scripts Holding in the 2nd quarter worth approximately $1,833,000. Jennison Associates LLC purchased a new position in Express Scripts Holding during the 2nd quarter valued at $631,000. BB&T Securities LLC boosted its holdings in Express Scripts Holding by 36.6% during the 2nd quarter. BB&T Securities LLC now owns 170,673 shares of the company’s stock valued at $10,895,000 after acquiring an additional 45,695 shares during the period. First Personal Financial Services boosted its holdings in Express Scripts Holding by 199.1% during the 2nd quarter. First Personal Financial Services now owns 2,103 shares of the company’s stock valued at $134,000 after acquiring an additional 1,400 shares during the period. Finally, Hartland & Co. LLC boosted its holdings in Express Scripts Holding by 8.5% during the 2nd quarter. Hartland & Co. LLC now owns 9,252 shares of the company’s stock valued at $591,000 after acquiring an additional 725 shares during the period. Hedge funds and other institutional investors own 88.71% of the company’s stock.
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In other news, VP Everett Neville sold 1,163 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $61.48, for a total transaction of $71,501.24. Following the completion of the transaction, the vice president now directly owns 18,232 shares in the company, valued at $1,120,903.36. The transaction was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.68% of the company’s stock.
A number of equities analysts recently issued reports on the company. Robert W. Baird restated a “hold” rating and set a $56.00 price objective on shares of Express Scripts Holding in a report on Friday, September 1st. Morgan Stanley boosted their price objective on Express Scripts Holding from $52.00 to $57.00 and gave the company an “underweight” rating in a report on Thursday, August 10th. Needham & Company LLC assumed coverage on Express Scripts Holding in a report on Friday, July 21st. They set a “hold” rating for the company. ValuEngine cut Express Scripts Holding from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. Finally, BidaskClub cut Express Scripts Holding from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Four research analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have assigned 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 price target of $70.24.
Shares of Express Scripts Holding Company (NASDAQ ESRX) opened at 63.67 on Tuesday. The company has a market capitalization of $36.77 billion, a price-to-earnings ratio of 11.05 and a beta of 0.88. The firm’s 50-day moving average price is $61.84 and its 200-day moving average price is $63.36. Express Scripts Holding Company has a 12 month low of $57.80 and a 12 month high of $77.50.
Express Scripts Holding (NASDAQ:ESRX) last released its quarterly earnings results on Tuesday, July 25th. The company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.71 by $0.02. Express Scripts Holding had a return on equity of 25.58% and a net margin of 3.50%. The business had revenue of $25.35 billion during the quarter, compared to analyst estimates of $25.52 billion. During the same period last year, the business posted $1.57 earnings per share. The company’s quarterly revenue was up .5% on a year-over-year basis. Equities research analysts expect that Express Scripts Holding Company will post $6.99 EPS for the current year.
Express Scripts Holding 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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