Mechanics Bank Trust Department Lowers stake in Express Scripts Holding Company (ESRX)

Express Scripts Holding Company (ESRX) : Mechanics Bank Trust Department reduced its stake in Express Scripts Holding Company by 4.01% during the most recent quarter end. The investment management company now holds a total of 91,654 shares of Express Scripts Holding Company which is valued at $6,741,152 after selling 3,827 shares in Express Scripts Holding Company , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.Express Scripts Holding Company makes up approximately 2.59% of Mechanics Bank Trust Department’s portfolio.

Express Scripts Holding Company opened for trading at $74.81 and hit $76.3 on the upside on Wednesday, eventually ending the session at $76.06, with a gain of 2.42% or 1.8 points. The heightened volatility saw the trading volume jump to 46,06,450 shares. Company has a market cap of $48,111 M.

Other Hedge Funds, Including , Appleton Partners Incma reduced its stake in ESRX by selling 81,258 shares or 95.45% in the most recent quarter. The Hedge Fund company now holds 3,876 shares of ESRX which is valued at $285,080. Express Scripts Holding Company makes up approx 0.06% of Appleton Partners Incma’s portfolio.Weybosset Research Management reduced its stake in ESRX by selling 565 shares or 0.84% in the most recent quarter. The Hedge Fund company now holds 66,309 shares of ESRX which is valued at $4,877,027. Express Scripts Holding Company makes up approx 4.00% of Weybosset Research Management’s portfolio.Rnc Capital Management boosted its stake in ESRX in the latest quarter, The investment management firm added 321 additional shares and now holds a total of 3,301 shares of Express Scripts Holding Company which is valued at $234,305. Express Scripts Holding Company makes up approx 0.02% of Rnc Capital Management’s portfolio.Heritage Investors Management Corp boosted its stake in ESRX in the latest quarter, The investment management firm added 11,689 additional shares and now holds a total of 95,668 shares of Express Scripts Holding Company which is valued at $6,790,515. Express Scripts Holding Company makes up approx 0.52% of Heritage Investors Management Corp’s portfolio.Carnegie Capital Asset Management boosted its stake in ESRX in the latest quarter, The investment management firm added 1,167 additional shares and now holds a total of 100,961 shares of Express Scripts Holding Company which is valued at $7,166,212. Express Scripts Holding Company makes up approx 1.08% of Carnegie Capital Asset Management’s portfolio.

On the company’s financial health, Express Scripts Holding Company reported $1.22 EPS for the quarter, based on the information available during the earnings call on Apr 25, 2016. Analyst had a consensus estimate of $1.22. The company had revenue of $24792.00 million for the quarter, compared to analysts expectations of $25135.07 million. The company’s revenue was down -.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.10 EPS.

Many Wall Street Analysts have commented on Express Scripts Holding Company. Shares were Reiterated by FBR Capital on Apr 27, 2016 to “Mkt Perform” and Lowered the Price Target to $ 75 from a previous price target of $90 .Express Scripts Holding Company was Initiated by Credit Suisse to “Outperform” on Mar 16, 2016. Mizuho Downgraded Express Scripts Holding Company on Mar 1, 2016 to ” Neutral”, Price Target of the shares are set at $77.

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