Maryland Capital Management buys $21 Million stake in Express Scripts Holding Company (ESRX)

Express Scripts Holding Company (ESRX) : Maryland Capital Management scooped up 16,679 additional shares in Express Scripts Holding Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 291,706 shares of Express Scripts Holding Company which is valued at $21 Million.Express Scripts Holding Company makes up approximately 3.14% of Maryland Capital Management’s portfolio.

Other Hedge Funds, Including , Baldwin Brothers Incma reduced its stake in ESRX by selling 448 shares or 15.63% in the most recent quarter. The Hedge Fund company now holds 2,419 shares of ESRX which is valued at $174,192. Express Scripts Holding Company makes up approx 0.03% of Baldwin Brothers Incma’s portfolio. Coronation Asset Management (pty) Ltd. added ESRX to its portfolio by purchasing 165,209 company shares during the most recent quarter which is valued at $11.9 Million. Express Scripts Holding Company makes up approx 0.52% of Coronation Asset Management (pty) Ltd.’s portfolio.Consolidated Investment Group boosted its stake in ESRX in the latest quarter, The investment management firm added 17,900 additional shares and now holds a total of 43,175 shares of Express Scripts Holding Company which is valued at $3.2 Million. Express Scripts Holding Company makes up approx 1.47% of Consolidated Investment Group’s portfolio. Harding Loevner Lp sold out all of its stake in ESRX during the most recent quarter. The investment firm sold 2 shares of ESRX which is valued $146.

Express Scripts Holding Company opened for trading at $72.27 and hit $73.415 on the upside on Friday, eventually ending the session at $72.87, with a gain of 0.72% or 0.52 points. The heightened volatility saw the trading volume jump to 53,12,193 shares. Company has a market cap of $46,093 M.

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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