Empirical Finance LLC Has $2.21 Million Stake in Express Scripts Holding Company (ESRX)
Empirical Finance LLC increased its holdings in shares of Express Scripts Holding Company (NASDAQ:ESRX) by 120.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,844 shares of the company’s stock after buying an additional 19,040 shares during the quarter. Empirical Finance LLC’s holdings in Express Scripts Holding were worth $2,207,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of the stock. Hendershot Investments Inc. acquired a new stake in Express Scripts Holding during the 3rd quarter worth $5,132,000. Csenge Advisory Group bought a new position in Express Scripts Holding during the 3rd quarter worth about $212,000. McKinley Carter Wealth Services Inc. increased its holdings in Express Scripts Holding by 9.4% during the 3rd quarter. McKinley Carter Wealth Services Inc. now owns 32,743 shares of the company’s stock worth $2,073,000 after purchasing an additional 2,821 shares in the last quarter. Tocqueville Asset Management L.P. increased its holdings in Express Scripts Holding by 13.4% during the 3rd quarter. Tocqueville Asset Management L.P. now owns 29,620 shares of the company’s stock worth $1,876,000 after purchasing an additional 3,506 shares in the last quarter. Finally, BP PLC bought a new position in Express Scripts Holding during the 3rd quarter worth about $4,431,000. 88.55% of the stock is currently owned by institutional investors and hedge funds.
Express Scripts Holding Company (NASDAQ:ESRX) traded up $0.22 during trading on Friday, reaching $60.54. The company had a trading volume of 2,580,917 shares, compared to its average volume of 5,011,828. Express Scripts Holding Company has a fifty-two week low of $55.80 and a fifty-two week high of $77.50. The company has a debt-to-equity ratio of 0.86, a current ratio of 0.73 and a quick ratio of 0.61. The company has a market capitalization of $34,288.22, a PE ratio of 8.85, a P/E/G ratio of 0.89 and a beta of 0.88.
Express Scripts Holding (NASDAQ:ESRX) last posted its quarterly earnings results on Tuesday, October 24th. The company reported $1.90 EPS for the quarter, hitting analysts’ consensus estimates of $1.90. Express Scripts Holding had a return on equity of 25.46% and a net margin of 3.64%. The business had revenue of $24.68 billion during the quarter, compared to analysts’ expectations of $25.68 billion. During the same quarter last year, the company posted $1.74 earnings per share. Express Scripts Holding’s quarterly revenue was down 2.9% on a year-over-year basis. sell-side analysts anticipate that Express Scripts Holding Company will post 7.01 earnings per share for the current year.
In other Express Scripts Holding news, Director Woodrow A. Myers, Jr. sold 3,900 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $63.93, for a total transaction of $249,327.00. Following the completion of the sale, the director now directly owns 11,500 shares in the company, valued at $735,195. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Phyllis S. Anderson sold 643 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $62.37, for a total transaction of $40,103.91. The disclosure for this sale can be found here. Insiders have sold 6,284 shares of company stock valued at $397,421 in the last quarter. 0.68% of the stock is currently owned by corporate insiders.
A number of equities analysts have issued reports on ESRX shares. ValuEngine cut Express Scripts Holding from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and set a $56.00 target price on shares of Express Scripts Holding in a report on Friday, September 1st. Jefferies Group LLC set a $72.00 target price on Express Scripts Holding and gave the stock a “buy” rating in a report on Tuesday, August 29th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Express Scripts Holding in a report on Monday, October 9th. Finally, Needham & Company LLC started coverage on Express Scripts Holding in a report on Friday, July 21st. They set a “hold” rating for the company. Seven investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Express Scripts Holding currently has an average rating of “Hold” and a consensus price target of $69.53.
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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