Weitz Investment Management Lowers stake in Express Scripts Holding Company (ESRX)

Express Scripts Holding Company (ESRX) : Weitz Investment Management reduced its stake in Express Scripts Holding Company by 1.06% during the most recent quarter end. The investment management company now holds a total of 1,046,771 shares of Express Scripts Holding Company which is valued at $79,753,482 after selling 11,168 shares in Express Scripts Holding Company , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Express Scripts Holding Company makes up approximately 2.84% of Weitz Investment Management’s portfolio.

Other Hedge Funds, Including , Cetera Advisors boosted its stake in ESRX in the latest quarter, The investment management firm added 247 additional shares and now holds a total of 11,706 shares of Express Scripts Holding Company which is valued at $891,880. Express Scripts Holding Company makes up approx 0.07% of Cetera Advisors’s portfolio.Hemenway Trust Co reduced its stake in ESRX by selling 300 shares or 9.42% in the most recent quarter. The Hedge Fund company now holds 2,886 shares of ESRX which is valued at $219,827. Express Scripts Holding Company makes up approx 0.06% of Hemenway Trust Co’s portfolio.Twin Capital Management Inc boosted its stake in ESRX in the latest quarter, The investment management firm added 21,120 additional shares and now holds a total of 50,330 shares of Express Scripts Holding Company which is valued at $3,833,636. Express Scripts Holding Company makes up approx 0.28% of Twin Capital Management Inc’s portfolio. Macguire Cheswick Tuttle Investment Counsel added ESRX to its portfolio by purchasing 2,715 company shares during the most recent quarter which is valued at $214,105. Express Scripts Holding Company makes up approx 0.05% of Macguire Cheswick Tuttle Investment Counsel’s portfolio.

Express Scripts Holding Company closed down -0.24 points or -0.31% at $76.38 with 25,25,759 shares getting traded on Friday. Post opening the session at $76.33, the shares hit an intraday low of $75.25 and an intraday high of $76.55 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Express Scripts Holding Company reported $1.57 EPS for the quarter, based on the information available during the earnings call on Jul 25, 2016. Analyst had a consensus estimate of $1.57. The company had revenue of $25222.00 million for the quarter, compared to analysts expectations of $25392.31 million. The company’s revenue was down -.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.44 EPS.

Many Wall Street Analysts have commented on Express Scripts Holding Company. Company shares were Reiterated by Mizuho on Aug 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 82 from a previous price target of $77 .Express Scripts Holding Company was Downgraded by Morgan Stanley to ” Underweight” on Jun 20, 2016. Express Scripts Holding Company was Initiated by Bernstein to “Underperform” on Jun 16, 2016.

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