Today The Selway Asset Management Has $3,884,000 Stake in Express Scripts Holding Company (ESRX)

Today The Selway Asset Management Has $3,884,000 Stake in Express Scripts Holding Company (ESRX)

Selway Asset Management reduced its position in shares of Express Scripts Holding Company (NASDAQ:ESRX) by 0.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,075 shares of the company’s stock after selling 250 shares during the period. Express Scripts Holding Company makes up 2.5% of Selway Asset Management’s investment portfolio, making the stock its 11th largest position. Selway Asset Management’s holdings in Express Scripts Holding Company were worth $3,884,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ESRX. Barrow Hanley Mewhinney & Strauss LLC boosted its position in Express Scripts Holding Company by 49.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,646,371 shares of the company’s stock worth $1,110,195,000 after buying an additional 4,874,043 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Express Scripts Holding Company by 7.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,768,039 shares of the company’s stock worth $588,818,000 after buying an additional 547,365 shares in the last quarter. Nordea Investment Management AB boosted its position in Express Scripts Holding Company by 43.1% in the third quarter. Nordea Investment Management AB now owns 6,057,257 shares of the company’s stock worth $427,218,000 after buying an additional 1,825,066 shares in the last quarter. Veritas Asset Management LLP boosted its position in Express Scripts Holding Company by 16.8% in the second quarter. Veritas Asset Management LLP now owns 5,689,355 shares of the company’s stock worth $431,253,000 after buying an additional 819,618 shares in the last quarter. Finally, APG Asset Management N.V. boosted its position in Express Scripts Holding Company by 1.5% in the third quarter. APG Asset Management N.V. now owns 2,634,927 shares of the company’s stock worth $185,841,000 after buying an additional 38,600 shares in the last quarter. Institutional investors and hedge funds own 85.93% of the company’s stock.

Shares of Express Scripts Holding Company (NASDAQ:ESRX) opened at 71.40 on Wednesday. The firm has a 50-day moving average of $71.25 and a 200 day moving average of $72.99. The stock has a market capitalization of $44.03 billion, a PE ratio of 16.06 and a beta of 0.99. Express Scripts Holding Company has a 1-year low of $64.46 and a 1-year high of $80.02.

Express Scripts Holding Company (NASDAQ:ESRX) last posted its earnings results on Tuesday, October 25th. The company reported $1.74 EPS for the quarter, hitting the consensus estimate of $1.74. Express Scripts Holding Company had a net margin of 2.70% and a return on equity of 24.99%. The firm earned $25.41 billion during the quarter, compared to analysts’ expectations of $25.48 billion. During the same quarter in the prior year, the firm earned $1.45 EPS. Express Scripts Holding Company’s quarterly revenue was up .7% on a year-over-year basis. On average, equities analysts anticipate that Express Scripts Holding Company will post $6.39 earnings per share for the current fiscal year.

A number of research analysts have commented on the company. Credit Suisse Group restated an “outperform” rating and set a $85.00 price target on shares of Express Scripts Holding Company in a research note on Monday, October 3rd. Deutsche Bank AG upgraded Express Scripts Holding Company from a “sell” rating to a “hold” rating and upped their price target for the stock from $69.00 to $70.00 in a research note on Thursday, November 3rd. They noted that the move was a valuation call. Leerink Swann restated a “market perform” rating on shares of Express Scripts Holding Company in a research note on Friday, December 16th. Jefferies Group LLC restated a “buy” rating and set a $88.00 price target on shares of Express Scripts Holding Company in a research note on Friday, October 28th. Finally, Zacks Investment Research cut Express Scripts Holding Company from a “buy” rating to a “hold” rating in a research note on Thursday, December 15th. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $79.12.

In other Express Scripts Holding Company news, VP Everett Neville sold 1,123 shares of the company’s stock in a transaction dated Tuesday, January 3rd. The shares were sold at an average price of $69.41, for a total value of $77,947.43. Following the completion of the transaction, the vice president now owns 12,712 shares in the company, valued at approximately $882,339.92. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.54% of the stock is currently owned by corporate insiders.

About Express Scripts Holding Company

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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