Wedbush Securities Inc. Has $674,000 Position in Express Scripts Holding Company (ESRX)
Wedbush Securities Inc. reduced its position in shares of Express Scripts Holding Company (NASDAQ:ESRX) by 13.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 10,647 shares of the company’s stock after selling 1,704 shares during the quarter. Wedbush Securities Inc.’s holdings in Express Scripts Holding were worth $674,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Burt Wealth Advisors lifted its position in shares of Express Scripts Holding by 11.4% during the second quarter. Burt Wealth Advisors now owns 1,696 shares of the company’s stock worth $108,000 after purchasing an additional 174 shares during the last quarter. CKW Financial Group lifted its position in shares of Express Scripts Holding by 20.0% during the second quarter. CKW Financial Group now owns 1,800 shares of the company’s stock worth $115,000 after purchasing an additional 300 shares during the last quarter. IHT Wealth Management LLC increased its stake in shares of Express Scripts Holding by 8.1% during the first quarter. IHT Wealth Management LLC now owns 1,944 shares of the company’s stock valued at $128,000 after buying an additional 145 shares during the period. FNY Partners Fund LP purchased a new position in shares of Express Scripts Holding during the first quarter valued at $138,000. Finally, First Personal Financial Services increased its stake in shares of Express Scripts Holding by 199.1% during the second quarter. First Personal Financial Services now owns 2,103 shares of the company’s stock valued at $134,000 after buying an additional 1,400 shares during the period. Institutional investors own 88.55% of the company’s stock.
Shares of Express Scripts Holding Company (NASDAQ:ESRX) traded up $0.22 during midday trading on Friday, reaching $60.54. The company’s stock had a trading volume of 2,580,917 shares, compared to its average volume of 5,011,828. Express Scripts Holding Company has a 12 month low of $55.80 and a 12 month high of $77.50. The company has a current ratio of 0.73, a quick ratio of 0.61 and a debt-to-equity ratio of 0.86. The stock has a market cap of $34,288.22, a P/E ratio of 8.85, a price-to-earnings-growth ratio of 0.89 and a beta of 0.88.
Express Scripts Holding (NASDAQ:ESRX) last issued its earnings results on Tuesday, October 24th. The company reported $1.90 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $1.90. The business had revenue of $24.68 billion for the quarter, compared to analyst estimates of $25.68 billion. Express Scripts Holding had a net margin of 3.64% and a return on equity of 25.46%. Express Scripts Holding’s revenue was down 2.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.74 earnings per share. analysts anticipate that Express Scripts Holding Company will post 7.01 EPS for the current year.
COPYRIGHT VIOLATION WARNING: “Wedbush Securities Inc. Has $674,000 Position in Express Scripts Holding Company (ESRX)” was first posted by Watch List News and is the sole property of of Watch List News. If you are viewing this article on another site, it was copied illegally and reposted in violation of United States & international trademark and copyright law. The correct version of this article can be read at https://www.watchlistnews.com/wedbush-securities-inc-has-674000-position-in-express-scripts-holding-company-esrx/1680733.html.
Several equities analysts have issued reports on the company. Mizuho set a $67.00 price target on Express Scripts Holding and gave the stock a “hold” rating in a report on Tuesday, October 24th. Robert W. Baird reissued a “hold” rating and issued a $56.00 price target on shares of Express Scripts Holding in a report on Friday, September 1st. Morgan Stanley raised their price target on Express Scripts Holding from $52.00 to $57.00 and gave the stock an “underweight” rating in a report on Thursday, August 10th. BidaskClub downgraded Express Scripts Holding from a “sell” rating to a “strong sell” rating in a report on Friday, August 4th. Finally, Royal Bank Of Canada initiated coverage on Express Scripts Holding in a report on Tuesday, September 19th. They set a “sector perform” rating and a $68.00 target price for the company. Seven analysts have rated the stock with a sell rating, ten have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Express Scripts Holding presently has a consensus rating of “Hold” and a consensus target price of $69.53.
In other news, VP Everett Neville sold 1,163 shares of Express Scripts Holding stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $61.48, for a total value of $71,501.24. Following the completion of the transaction, the vice president now owns 18,232 shares in the company, valued at $1,120,903.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Timothy C. Wentworth bought 8,000 shares of Express Scripts Holding stock in a transaction dated Tuesday, October 31st. The stock was acquired at an average price of $61.13 per share, with a total value of $489,040.00. Following the purchase, the chief executive officer now directly owns 98,628 shares of the company’s stock, valued at $6,029,129.64. The disclosure for this purchase can be found here. Insiders sold 6,284 shares of company stock worth $397,421 over the last ninety days. Insiders own 0.68% of the company’s stock.
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).
Want to see what other hedge funds are holding ESRX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Express Scripts Holding Company (NASDAQ:ESRX).
Receive News & Ratings for Express Scripts Holding Company Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Express Scripts Holding Company and related companies with Analyst Ratings Network's FREE daily email newsletter.