Alps Advisors Inc. Invests $350,000 in Express Scripts Holding Company (NASDAQ:ESRX)

Alps Advisors Inc. acquired a new stake in shares of Express Scripts Holding Company (NASDAQ:ESRX) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 5,486 shares of the company’s stock, valued at approximately $350,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Northpointe Capital LLC increased its stake in shares of Express Scripts Holding by 4.6% in the second quarter. Northpointe Capital LLC now owns 33,453 shares of the company’s stock worth $2,136,000 after acquiring an additional 1,473 shares during the last quarter. State of Wisconsin Investment Board increased its stake in shares of Express Scripts Holding by 17.7% in the second quarter. State of Wisconsin Investment Board now owns 806,781 shares of the company’s stock worth $51,505,000 after acquiring an additional 121,290 shares during the last quarter. Morningstar Investment Services LLC increased its stake in shares of Express Scripts Holding by 11.1% in the second quarter. Morningstar Investment Services LLC now owns 672,367 shares of the company’s stock worth $42,924,000 after acquiring an additional 66,993 shares during the last quarter. Shufro Rose & Co. LLC increased its stake in shares of Express Scripts Holding by 9.4% in the second quarter. Shufro Rose & Co. LLC now owns 24,474 shares of the company’s stock worth $1,562,000 after acquiring an additional 2,100 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Express Scripts Holding by 2.6% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 367,391 shares of the company’s stock worth $23,454,000 after acquiring an additional 9,183 shares during the last quarter. Institutional investors own 88.71% of the company’s stock.

Shares of Express Scripts Holding Company (NASDAQ:ESRX) opened at 62.05 on Friday. The firm has a market cap of $35.84 billion, a price-to-earnings ratio of 10.77 and a beta of 0.88. Express Scripts Holding Company has a 12-month low of $57.80 and a 12-month high of $77.50. The firm’s 50-day moving average is $61.88 and its 200-day moving average is $63.29.

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

Several research firms have commented on ESRX. ValuEngine downgraded Express Scripts Holding from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Robert W. Baird reiterated a “hold” rating and issued a $56.00 target price on shares of Express Scripts Holding in a research note on Friday, September 1st. Jefferies Group LLC set a $72.00 target price on shares of Express Scripts Holding and gave the company a “buy” rating in a research note on Tuesday, August 29th. Morgan Stanley increased their target price 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. 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 investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $70.24.

In other Express Scripts Holding news, VP Everett Neville sold 1,163 shares of the stock in a transaction that occurred on Wednesday, August 23rd. The shares were sold at an average price of $61.48, for a total transaction 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 legal filing with the SEC, which is available at this link. Also, VP Phyllis S. Anderson sold 578 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $63.13, for a total transaction of $36,489.14. Following the sale, the vice president now directly owns 10,530 shares of the company’s stock, valued at $664,758.90. 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 three months. 0.68% of the stock is currently owned by insiders.

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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).

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

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