Express Scripts Holding Company (ESRX) Holdings Boosted by Renaissance Group LLC
Renaissance Group LLC boosted its holdings in shares of Express Scripts Holding Company (NASDAQ:ESRX) by 10.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 440,652 shares of the company’s stock after purchasing an additional 40,068 shares during the quarter. Renaissance Group LLC owned approximately 0.08% of Express Scripts Holding worth $27,902,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of ESRX. Dodge & Cox raised its holdings in shares of Express Scripts Holding by 25.7% during the second quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock valued at $2,310,275,000 after acquiring an additional 7,388,021 shares during the last quarter. Pzena Investment Management LLC acquired a new position in shares of Express Scripts Holding during the second quarter valued at approximately $181,234,000. Renaissance Technologies LLC raised its holdings in shares of Express Scripts Holding by 9,353.3% during the first quarter. Renaissance Technologies LLC now owns 1,308,239 shares of the company’s stock valued at $86,226,000 after acquiring an additional 1,294,400 shares during the last quarter. Baupost Group LLC MA acquired a new position in shares of Express Scripts Holding during the first quarter valued at approximately $80,978,000. Finally, Northern Trust Corp raised its holdings in shares of Express Scripts Holding by 12.2% during the second quarter. Northern Trust Corp now owns 11,068,777 shares of the company’s stock valued at $706,629,000 after acquiring an additional 1,206,980 shares during the last quarter. Institutional investors own 89.34% of the company’s stock.
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In related news, Director Woodrow A. Myers, Jr. sold 3,900 shares of Express Scripts Holding stock in a transaction on Monday, September 11th. The stock was sold at an average price of $63.93, for a total value of $249,327.00. Following the completion of the transaction, the director now directly owns 11,500 shares in the company, valued at $735,195. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Phyllis S. Anderson sold 643 shares of Express Scripts Holding stock in a transaction on Wednesday, November 1st. The shares were sold at an average price of $62.37, for a total value of $40,103.91. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,284 shares of company stock valued at $397,421. 0.68% of the stock is currently owned by company insiders.
Express Scripts Holding Company (NASDAQ:ESRX) traded up $0.12 on Tuesday, hitting $61.54. The stock had a trading volume of 838,543 shares, compared to its average volume of 4,090,482. Express Scripts Holding Company has a 1-year low of $55.80 and a 1-year high of $77.50. The stock has a market capitalization of $34,790.00, a price-to-earnings ratio of 9.06, a P/E/G ratio of 0.91 and a beta of 0.88. The company has a debt-to-equity ratio of 0.86, a quick ratio of 0.61 and a current ratio of 0.73.
Express Scripts Holding (NASDAQ:ESRX) last released its quarterly earnings results on Tuesday, October 24th. The company reported $1.90 EPS for the quarter, hitting the consensus estimate of $1.90. The business had revenue of $24.68 billion during the quarter, compared to analyst estimates of $25.68 billion. Express Scripts Holding had a return on equity of 25.46% and a net margin of 3.64%. The company’s quarterly revenue was down 2.9% on a year-over-year basis. During the same period last year, the business posted $1.74 earnings per share. research analysts expect that Express Scripts Holding Company will post 7.01 earnings per share for the current year.
A number of brokerages have commented on ESRX. Jefferies Group LLC reissued a “buy” rating on shares of Express Scripts Holding in a report on Thursday, October 26th. Royal Bank Of Canada set a $66.00 price target on Express Scripts Holding and gave the company a “hold” rating in a report on Wednesday, October 25th. Robert W. Baird increased their price target on Express Scripts Holding from $57.00 to $59.00 and gave the company a “neutral” rating in a report on Wednesday, October 25th. Mizuho set a $67.00 price target on Express Scripts Holding and gave the company a “hold” rating in a report on Tuesday, October 24th. Finally, Zacks Investment Research cut Express Scripts Holding from a “buy” rating to a “sell” rating in a report on Tuesday, October 24th. Seven research analysts have rated the stock with a sell rating, ten have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $69.53.
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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