Wellington Shields Lowers stake in Express Scripts Holding Company (ESRX)

Express Scripts Holding Company (ESRX) : Wellington Shields reduced its stake in Express Scripts Holding Company by 1.01% during the most recent quarter end. The investment management company now holds a total of 117,851 shares of Express Scripts Holding Company which is valued at $8.8 Million after selling 1,200 shares in Express Scripts Holding Company , the firm said in a disclosure report filed with the SEC on May 26, 2016.Express Scripts Holding Company makes up approximately 5.76% of Wellington Shields’s portfolio.

Other Hedge Funds, Including , Capital Guardian Trust Co reduced its stake in ESRX by selling 5,371 shares or 0.41% in the most recent quarter. The Hedge Fund company now holds 1,300,601 shares of ESRX which is valued at $94.8 Million. Express Scripts Holding Company makes up approx 0.76% of Capital Guardian Trust Co’s portfolio. Ellington Management Group added ESRX to its portfolio by purchasing 8,800 company shares during the most recent quarter which is valued at $641,256. Express Scripts Holding Company makes up approx 0.28% of Ellington Management Group’s portfolio.Invictus Rg Pte. Ltd. reduced its stake in ESRX by selling 1,177 shares or 42.35% in the most recent quarter. The Hedge Fund company now holds 1,602 shares of ESRX which is valued at $116,738. Express Scripts Holding Company makes up approx 0.11% of Invictus Rg Pte. Ltd.’s portfolio. Hbk Investments L P added ESRX to its portfolio by purchasing 138,600 company shares during the most recent quarter which is valued at $10 Million. Express Scripts Holding Company makes up approx 0.22% of Hbk Investments L P’s portfolio.

Express Scripts Holding Company opened for trading at $75.52 and hit $76.2 on the upside on Wednesday, eventually ending the session at $75.84, with a gain of 0.38% or 0.29 points. The heightened volatility saw the trading volume jump to 42,64,854 shares. Company has a market cap of $47,972 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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