Ontario Teachers Pension Plan Board Sells 16,496 Shares of Express Scripts Holding Company (ESRX)

Ontario Teachers Pension Plan Board reduced its stake in Express Scripts Holding Company (NASDAQ:ESRX) by 16.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,870 shares of the company’s stock after selling 16,496 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Express Scripts Holding were worth $5,546,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Park National Corp OH grew its stake in shares of Express Scripts Holding by 0.3% in the second quarter. Park National Corp OH now owns 3,575 shares of the company’s stock worth $228,000 after acquiring an additional 11 shares during the last quarter. Parkside Financial Bank & Trust grew its stake in shares of Express Scripts Holding by 0.3% in the second quarter. Parkside Financial Bank & Trust now owns 8,634 shares of the company’s stock worth $551,000 after acquiring an additional 23 shares during the last quarter. Carroll Financial Associates Inc. grew its stake in shares of Express Scripts Holding by 1.0% in the second quarter. Carroll Financial Associates Inc. now owns 3,186 shares of the company’s stock worth $203,000 after acquiring an additional 30 shares during the last quarter. CAPROCK Group Inc. grew its stake in shares of Express Scripts Holding by 0.9% in the second quarter. CAPROCK Group Inc. now owns 3,675 shares of the company’s stock worth $235,000 after acquiring an additional 33 shares during the last quarter. Finally, Sandy Spring Bank grew its stake in shares of Express Scripts Holding by 0.6% in the second quarter. Sandy Spring Bank now owns 6,464 shares of the company’s stock worth $413,000 after acquiring an additional 37 shares during the last quarter. 88.69% of the stock is currently owned by hedge funds and other institutional investors.

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Express Scripts Holding Company (ESRX) opened at 58.18 on Wednesday. The firm has a 50-day moving average price of $62.17 and a 200-day moving average price of $62.57. Express Scripts Holding Company has a 12-month low of $57.80 and a 12-month high of $77.50. The company has a market cap of $33.60 billion, a P/E ratio of 10.10 and a beta of 0.88.

Express Scripts Holding (NASDAQ:ESRX) last issued its quarterly earnings data on Tuesday, July 25th. The company reported $1.73 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.02. The business had revenue of $25.35 billion during the quarter, compared to analysts’ expectations of $25.52 billion. Express Scripts Holding had a return on equity of 25.58% and a net margin of 3.50%. The company’s revenue for the quarter was up .5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.57 EPS. On average, analysts forecast that Express Scripts Holding Company will post $6.99 earnings per share for the current fiscal year.

In other news, Director Woodrow A. Myers, Jr. sold 3,900 shares of the business’s stock in a transaction dated 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 of the company’s stock, valued at approximately $735,195. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Everett Neville sold 1,163 shares of the business’s 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 directly 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 three months, insiders sold 5,641 shares of company stock valued at $357,317. Insiders own 0.68% of the company’s stock.

A number of equities research analysts have recently commented on ESRX shares. Jefferies Group LLC set a $72.00 target price on Express Scripts Holding and gave the stock a “buy” rating in a research note on Tuesday, August 29th. UBS AG cut Express Scripts Holding from a “market perform” rating to an “underperform” rating in a research note on Monday. Needham & Company LLC started coverage on Express Scripts Holding in a research note on Friday, July 21st. They issued a “hold” rating on the stock. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Express Scripts Holding in a research note on Monday. Finally, ValuEngine raised Express Scripts Holding from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Six research analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $69.45.

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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Institutional Ownership by Quarter for Express Scripts Holding (NASDAQ:ESRX)

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