Canada Pension Plan Investment Board Decreases Stake in Express Scripts Holding Company (ESRX)

Canada Pension Plan Investment Board decreased its stake in Express Scripts Holding Company (NASDAQ:ESRX) by 66.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 230,932 shares of the company’s stock after selling 466,491 shares during the period. Canada Pension Plan Investment Board’s holdings in Express Scripts Holding were worth $14,743,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ESRX. Summit Financial Group Inc. purchased a new position in Express Scripts Holding during the second quarter valued at about $271,000. Global X Management Co. LLC increased its position in Express Scripts Holding by 17.0% in the second quarter. Global X Management Co. LLC now owns 10,875 shares of the company’s stock valued at $694,000 after buying an additional 1,583 shares during the period. Seaward Management Limited Partnership increased its position in Express Scripts Holding by 7.5% in the second quarter. Seaward Management Limited Partnership now owns 11,077 shares of the company’s stock valued at $707,000 after buying an additional 769 shares during the period. Seven Bridges Advisors LLC increased its position in Express Scripts Holding by 27.4% in the second quarter. Seven Bridges Advisors LLC now owns 12,593 shares of the company’s stock valued at $804,000 after buying an additional 2,705 shares during the period. Finally, Advisor Partners LLC increased its position in Express Scripts Holding by 13.2% in the second quarter. Advisor Partners LLC now owns 10,000 shares of the company’s stock valued at $638,000 after buying an additional 1,167 shares during the period. 88.70% of the stock is owned by institutional investors and hedge funds.

Shares of Express Scripts Holding Company (ESRX) opened at 62.16 on Friday. The stock has a market cap of $35.90 billion, a PE ratio of 10.79 and a beta of 0.88. The firm has a 50-day moving average price of $61.87 and a 200 day moving average price of $63.73. Express Scripts Holding Company has a 12-month low of $57.80 and a 12-month high of $77.50.

Express Scripts Holding (NASDAQ:ESRX) last announced its quarterly earnings data on Tuesday, July 25th. The company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.02. The firm 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 business’s revenue for the quarter was up .5% on a year-over-year basis. During the same period in the prior year, the business earned $1.57 EPS. Equities research analysts predict that Express Scripts Holding Company will post $6.99 EPS for the current fiscal year.

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Several research analysts have recently issued reports on the company. ValuEngine downgraded Express Scripts Holding from a “buy” rating to a “hold” rating in a research note on Friday. Robert W. Baird reaffirmed a “hold” rating and set a $56.00 price target on shares of Express Scripts Holding in a research note on Friday. Jefferies Group LLC set a $72.00 price target on Express Scripts Holding and gave the stock a “buy” rating in a research note on Tuesday, August 29th. Morgan Stanley lifted their price target on Express Scripts Holding from $52.00 to $57.00 and gave the stock an “underweight” rating in a research note on Thursday, August 10th. Finally, BidaskClub downgraded Express Scripts Holding from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. Four investment analysts have rated the stock with a sell rating, thirteen have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $70.24.

In related news, VP Everett Neville sold 1,163 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $1,120,903.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.68% of the stock is currently owned by corporate insiders.

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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