Tudor Investment Corp ET AL Reduces Stake in Express Scripts Holding Company (ESRX)

Tudor Investment Corp ET AL decreased its holdings in Express Scripts Holding Company (NASDAQ:ESRX) by 90.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 22,465 shares of the company’s stock after selling 212,530 shares during the period. Tudor Investment Corp ET AL’s holdings in Express Scripts Holding were worth $1,434,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ESRX. Dodge & Cox increased its holdings in shares of Express Scripts Holding by 25.7% in the 2nd quarter. Dodge & Cox now owns 36,188,517 shares of the company’s stock valued at $2,310,275,000 after purchasing an additional 7,388,021 shares during the period. Pzena Investment Management LLC acquired a new position in shares of Express Scripts Holding in the 2nd quarter valued at about $181,234,000. Renaissance Technologies LLC increased its holdings in shares of Express Scripts Holding by 9,353.3% in the 1st quarter. Renaissance Technologies LLC now owns 1,308,239 shares of the company’s stock valued at $86,226,000 after purchasing an additional 1,294,400 shares during the period. Baupost Group LLC MA acquired a new position in shares of Express Scripts Holding in the 1st quarter valued at about $80,978,000. Finally, Northern Trust Corp increased its holdings in shares of Express Scripts Holding by 12.2% in the 2nd quarter. Northern Trust Corp now owns 11,068,777 shares of the company’s stock valued at $706,629,000 after purchasing an additional 1,206,980 shares during the period. Institutional investors own 88.69% of the company’s stock.

Express Scripts Holding (NASDAQ:ESRX) last released its quarterly earnings results 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 the consensus estimate of $25.52 billion. Express Scripts Holding had a return on equity of 25.58% and a net margin of 3.50%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $1.57 EPS.

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In related news, VP Everett Neville sold 1,163 shares of the business’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $61.48, for a total value of $71,501.24. Following the completion of the sale, the vice president now directly owns 18,232 shares in the company, valued at approximately $1,120,903.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Woodrow A. Myers, Jr. sold 3,900 shares of the business’s stock in a transaction on Monday, September 11th. The shares were sold at an average price of $63.93, for a total value of $249,327.00. Following the completion of the sale, the director now owns 11,500 shares of the company’s stock, valued at $735,195. The disclosure for this sale can be found here. Insiders sold a total of 5,641 shares of company stock valued at $357,317 over the last 90 days. 0.68% of the stock is currently owned by corporate insiders.

ESRX has been the topic of a number of research reports. ValuEngine upgraded Express Scripts Holding from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Jefferies Group LLC set a $72.00 target price on Express Scripts Holding and gave the company a “buy” rating in a report on Tuesday, August 29th. Robert W. Baird reiterated a “hold” rating and issued a $56.00 target price on shares of Express Scripts Holding in a report on Friday, September 1st. BidaskClub upgraded Express Scripts Holding from a “sell” rating to a “hold” rating in a report on Saturday, June 17th. Finally, Needham & Company LLC assumed coverage on Express Scripts Holding in a research note on Friday, July 21st. They issued a “hold” rating for the company. Six analysts have rated the stock with a sell rating, eleven have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Express Scripts Holding has an average rating of “Hold” and an average target price of $69.45.

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).

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

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