Captrust Financial Advisors Acquires New Stake in Express Scripts Holding (ESRX)
Captrust Financial Advisors acquired a new stake in shares of Express Scripts Holding (NASDAQ:ESRX) during the fourth quarter, Holdings Channel reports. The firm acquired 18,698 shares of the company’s stock, valued at approximately $1,396,000.
A number of other hedge funds have also recently bought and sold shares of the business. Paloma Partners Management Co increased its position in Express Scripts by 37.5% during the fourth quarter. Paloma Partners Management Co now owns 54,493 shares of the company’s stock valued at $4,068,000 after acquiring an additional 14,856 shares during the last quarter. Teachers Retirement System of The State of Kentucky increased its position in Express Scripts by 264.4% during the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 240,151 shares of the company’s stock valued at $17,925,000 after acquiring an additional 174,250 shares during the last quarter. California State Teachers Retirement System grew its holdings in shares of Express Scripts by 6.5% in the fourth quarter. California State Teachers Retirement System now owns 1,112,314 shares of the company’s stock worth $83,023,000 after purchasing an additional 67,674 shares during the last quarter. Two Sigma Securities LLC bought a new position in shares of Express Scripts in the fourth quarter worth about $406,000. Finally, Two Sigma Investments LP grew its holdings in shares of Express Scripts by 17,710.3% in the fourth quarter. Two Sigma Investments LP now owns 704,412 shares of the company’s stock worth $52,577,000 after purchasing an additional 708,412 shares during the last quarter. Institutional investors and hedge funds own 89.08% of the company’s stock.
A number of research firms have recently commented on ESRX. BidaskClub cut shares of Express Scripts from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. SunTrust Banks set a $82.00 price target on shares of Express Scripts and gave the stock a “buy” rating in a report on Thursday, December 14th. Jefferies Group cut shares of Express Scripts from a “buy” rating to a “hold” rating and set a $91.00 price target on the stock. in a report on Thursday, March 8th. Maxim Group upped their price target on shares of Express Scripts from $87.00 to $101.00 in a report on Wednesday, February 28th. Finally, Royal Bank of Canada set a $68.00 price target on shares of Express Scripts and gave the stock a “hold” rating in a report on Friday, December 15th. Three analysts have rated the stock with a sell rating, thirteen have given a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $81.97.
Express Scripts Holding (NASDAQ:ESRX) opened at $77.00 on Wednesday. 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 Holding has a 1-year low of $55.80 and a 1-year high of $85.07. The stock has a market cap of $43,920.00, a PE ratio of 9.95, a price-to-earnings-growth ratio of 0.99 and a beta of 0.94.
Express Scripts (NASDAQ:ESRX) last issued its earnings results on Tuesday, February 27th. The company reported $2.16 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.09 by $0.07. Express Scripts had a net margin of 4.51% and a return on equity of 25.19%. The company had revenue of $25.38 billion for the quarter, compared to analysts’ expectations of $25.07 billion. During the same period in the prior year, the business earned $1.88 EPS. The firm’s quarterly revenue was up 2.1% on a year-over-year basis. equities analysts anticipate that Express Scripts Holding will post 9.35 earnings per share for the current year.
Express Scripts announced that its board has approved a stock buyback plan on Monday, December 18th that permits the company to buyback 45,000,000 shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its stock is undervalued.
Express Scripts 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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