Traders Buy Express Scripts Holding Company (ESRX) on Weakness

Investors bought shares of Express Scripts Holding Company (NASDAQ:ESRX) on weakness during trading on Tuesday. $228.31 million flowed into the stock on the tick-up and $47.15 million flowed out of the stock on the tick-down, for a money net flow of $181.16 million into the stock. Of all equities tracked, Express Scripts Holding had the highest net in-flow for the day. Express Scripts Holding traded down ($1.01) for the day and closed at $61.00

Several analysts have commented on the stock. Robert W. Baird restated a “hold” rating and set a $56.00 price objective on shares of Express Scripts Holding in a research note on Friday, September 1st. Morgan Stanley lifted their price objective on shares of Express Scripts Holding from $52.00 to $57.00 and gave the company an “underweight” rating in a research note on Thursday, August 10th. Needham & Company LLC assumed coverage on shares of Express Scripts Holding in a research note on Friday, July 21st. They set a “hold” rating for the company. ValuEngine cut shares of Express Scripts Holding from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, BidaskClub cut shares of Express Scripts Holding from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Four research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $70.09.

The company has a 50 day moving average of $61.81 and a 200 day moving average of $62.96. The company has a market capitalization of $35.70 billion, a P/E ratio of 10.73 and a beta of 0.88.

Express Scripts Holding (NASDAQ:ESRX) last released its earnings results on Tuesday, July 25th. The company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates 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 company had revenue of $25.35 billion during the quarter, compared to the consensus estimate of $25.52 billion. During the same quarter last year, the company earned $1.57 earnings per share. Express Scripts Holding’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts expect that Express Scripts Holding Company will post $6.99 earnings per share for the current year.

In other news, Director Woodrow A. Myers, Jr. sold 3,900 shares of the firm’s 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 owns 11,500 shares in the company, valued at $735,195. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, VP Everett Neville sold 1,163 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at approximately $1,120,903.36. The disclosure for this sale can be found here. In the last 90 days, insiders sold 5,641 shares of company stock valued at $357,317. Company insiders own 0.68% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Burt Wealth Advisors increased its position in shares of Express Scripts Holding by 11.4% in the second quarter. Burt Wealth Advisors now owns 1,696 shares of the company’s stock valued at $108,000 after buying an additional 174 shares in the last quarter. CKW Financial Group increased its position in shares of Express Scripts Holding by 20.0% in the second quarter. CKW Financial Group now owns 1,800 shares of the company’s stock valued at $115,000 after buying an additional 300 shares in the last quarter. TrimTabs Asset Management LLC purchased a new position in shares of Express Scripts Holding in the first quarter valued at $121,000. Capital Analysts LLC increased its position in shares of Express Scripts Holding by 5.6% in the first quarter. Capital Analysts LLC now owns 1,877 shares of the company’s stock valued at $124,000 after buying an additional 100 shares in the last quarter. Finally, IHT Wealth Management LLC increased its position in shares of Express Scripts Holding by 8.1% in 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 in the last quarter. Institutional investors and hedge funds own 88.69% of the company’s stock.

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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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