Columbia Asset Management Maintains Position in Express Scripts Holding Company (ESRX)

Columbia Asset Management Maintains Position in Express Scripts Holding Company (ESRX)

Columbia Asset Management maintained its stake in shares of Express Scripts Holding Company (NASDAQ:ESRX) during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,614 shares of the company’s stock at the end of the third quarter. Columbia Asset Management’s holdings in Express Scripts Holding Company were worth $1,031,000 as of its most recent filing with the SEC.

Other large investors have also recently modified their holdings of the company. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Express Scripts Holding Company by 49.9% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 14,646,371 shares of the company’s stock worth $1,110,195,000 after buying an additional 4,874,043 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Express Scripts Holding Company by 7.6% in the second quarter. Massachusetts Financial Services Co. MA now owns 7,768,039 shares of the company’s stock worth $588,818,000 after buying an additional 547,365 shares in the last quarter. Nordea Investment Management AB boosted its stake in Express Scripts Holding Company by 43.1% in the third quarter. Nordea Investment Management AB now owns 6,057,257 shares of the company’s stock worth $427,218,000 after buying an additional 1,825,066 shares in the last quarter. Veritas Asset Management LLP boosted its stake in Express Scripts Holding Company by 16.8% in the second quarter. Veritas Asset Management LLP now owns 5,689,355 shares of the company’s stock worth $431,253,000 after buying an additional 819,618 shares in the last quarter. Finally, APG Asset Management N.V. boosted its stake in Express Scripts Holding Company by 1.5% in the third quarter. APG Asset Management N.V. now owns 2,634,927 shares of the company’s stock worth $185,841,000 after buying an additional 38,600 shares in the last quarter. 85.93% of the stock is currently owned by institutional investors and hedge funds.

Express Scripts Holding Company (NASDAQ:ESRX) opened at 67.59 on Friday. Express Scripts Holding Company has a 12 month low of $64.46 and a 12 month high of $80.02. The firm has a market capitalization of $41.68 billion, a P/E ratio of 15.20 and a beta of 0.99. The stock’s 50 day moving average price is $70.57 and its 200-day moving average price is $72.81.

ESRX has been the topic of a number of research analyst reports. Zacks Investment Research raised shares of Express Scripts Holding Company from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a research note on Thursday, October 27th. Deutsche Bank AG upgraded Express Scripts Holding Company from a “sell” rating to a “hold” rating and raised their price objective for the company from $69.00 to $70.00 in a report on Thursday, November 3rd. They noted that the move was a valuation call. Sanford C. Bernstein restated an “underperform” rating and issued a $59.00 price objective on shares of Express Scripts Holding Company in a report on Thursday, December 1st. Jefferies Group LLC restated a “buy” rating and issued a $88.00 price objective on shares of Express Scripts Holding Company in a report on Friday, October 28th. Finally, Credit Suisse Group restated an “outperform” rating and issued a $85.00 price objective on shares of Express Scripts Holding Company in a report on Monday, October 3rd. Two equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and seven have given a buy rating to the company. Express Scripts Holding Company currently has an average rating of “Hold” and a consensus target price of $79.12.

In related news, VP Everett Neville sold 1,123 shares of the business’s stock in a transaction on Tuesday, January 3rd. The shares were sold at an average price of $69.41, for a total value of $77,947.43. Following the transaction, the vice president now owns 12,712 shares in the company, valued at $882,339.92. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.54% of the stock is owned by insiders.

Express Scripts Holding Company Company Profile

Express Scripts, Inc is a pharmacy benefit management (PBM) company in North America, offering a range of services to its clients, which include health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. It operates in two segments: PBM and Emerging Markets (EM).

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