Chieftain Capital Management buys $320,245,770 stake in Express Scripts Holding Company (ESRX)

Express Scripts Holding Company (ESRX) : Chieftain Capital Management scooped up 978,515 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 Aug 15, 2016. The investment management firm now holds a total of 4,203,252 shares of Express Scripts Holding Company which is valued at $320,245,770.Express Scripts Holding Company makes up approximately 16.30% of Chieftain Capital Management’s portfolio.

Other Hedge Funds, Including , Foresters Investment Management Company boosted its stake in ESRX in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 251,554 shares of Express Scripts Holding Company which is valued at $19,165,899. Express Scripts Holding Company makes up approx 0.37% of Foresters Investment Management Company’s portfolio.Meiji Yasuda Asset Management Co Ltd. boosted its stake in ESRX in the latest quarter, The investment management firm added 10,937 additional shares and now holds a total of 44,553 shares of Express Scripts Holding Company which is valued at $3,394,493. Express Scripts Holding Company makes up approx 0.47% of Meiji Yasuda Asset Management Co Ltd.’s portfolio.Rfg Advisory Group boosted its stake in ESRX in the latest quarter, The investment management firm added 5 additional shares and now holds a total of 4,802 shares of Express Scripts Holding Company which is valued at $364,856. Express Scripts Holding Company makes up approx 0.31% of Rfg Advisory Group’s portfolio.Vigilant Capital Management reduced its stake in ESRX by selling 132,982 shares or 98.63% in the most recent quarter. The Hedge Fund company now holds 1,850 shares of ESRX which is valued at $146,483. Express Scripts Holding Company makes up approx 0.03% of Vigilant Capital Management’s portfolio.

Express Scripts Holding Company closed down -0.48 points or -0.66% at $72.22 with 35,64,046 shares getting traded on Thursday. Post opening the session at $72.98, the shares hit an intraday low of $71.8 and an intraday high of $72.99 and the price fluctuated in this range throughout the day.Shares ended Thursday 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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