Traders Buy Express Scripts (ESRX) on Weakness Following Analyst Downgrade

Roman Schwartz
May 5, 2018

Also, insider Christine Houston sold 19,889 shares of Express Scripts stock in a transaction dated Thursday, March 15th. Zacks' sales calculations are an average based on a survey of research analysts that that provide coverage for Express Scripts. Insiders sold a total of 28,233 shares of company stock worth $2,173,054 in the last three months. About 3.22M shares traded. Tci Wealth Advsrs Incorporated has invested 0.17% in Express Scripts Holding Company (NASDAQ:ESRX). It has underperformed by 2.62% the S&P500. Sei reported 0.04% stake. Atlantic Trust Group Llc sold 44,624 shares as the company's stock declined 1.21% with the market. Laboratory Corp Amer Hldgs now has $17.49B valuation.

The stock increased 7.32% or $2.14 during the last trading session, reaching $31.39. About 995,407 shares traded. M.D.C. Holdings, Inc. (MDC) has risen 1.65% since May 4, 2017 and is uptrending. It has outperformed by 2.62% the S&P500.

Express Scripts Holding Company (NASDAQ:ESRX) are being monitored closely by investors today as the name is now priced at $71.34, a -0.52% difference from where it most recently opened. It's down -0.39, from 1.06 in 2017Q3. It improved, as 68 investors sold Express Scripts Holding Company shares while 407 reduced holdings. The ratio is negative, as 80 investment managers increased and opened new equity positions, while 120 decreased and sold stakes in Colonial Insured Municipal Fund. The company reported $2.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.09 by $0.07. The New York-based Grace & White Inc has invested 0.07% in Express Scripts Holding Company (NASDAQ:ESRX). Goodman Fincl holds 0.03% or 1,025 shares in its portfolio. 111,661 are owned by Pub Employees Retirement Association Of Colorado. Agf Investments reported 230,044 shares or 0.17% of all its holdings. First Bancorporation Of Omaha holds 0.05% in Express Scripts Holding Company (NASDAQ:ESRX) or 11,060 shares. Glob X Communication Limited Com reported 0.02% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX).

Several institutional investors and hedge funds have recently bought and sold shares of the company. Blue Fin Capital has 4,373 shares. Northwestern Mutual Wealth reported 50,327 shares. De Burlo Gru has 20,255 shares. Moreover, Voya Investment Limited Liability Company has 0.08% invested in Express Scripts Holding Company (NASDAQ:ESRX). Muhlenkamp Company has 60,439 shares for 1.33% of their portfolio. Calamos Ltd holds 0.04% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX) for 104,451 shares. Therefore 64% are positive. The rating was maintained by Jefferies with "Hold" on Monday, November 13. The stock has "Overweight" rating by Barclays Capital on Wednesday, July 27. RBC Capital Markets maintained Express Scripts Holding Company (NASDAQ:ESRX) rating on Thursday, December 14. Topeka Capital Markets maintained NXP Semiconductors N.V. (NASDAQ:NXPI) rating on Friday, February 5. The rating was upgraded by Cowen & Co on Monday, April 4 to "Outperform". On Friday, December 15 the stock of Express Scripts Holding Company (NASDAQ:ESRX) earned "Outperform" rating by Robert W. Baird. The firm earned "Hold" rating on Thursday, March 8 by William Blair. On Wednesday, January 24 Mizuho maintained Express Scripts Holding Company (NASDAQ:ESRX) rating.

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The broad-based S&P 500 fell 19.13 points (0.72 per cent) to close at 2,635.67, while the tech-rich Nasdaq Composite Index shed 29.81 points (0.42 per cent) to 7,100.90. Acadian Asset Limited Co invested in 21,497 shares. 78 funds opened positions while 118 raised stakes. Bokf Na holds 124,905 shares. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Express Scripts by 3.8% during the 1st quarter. Atria Investments Limited Liability has 2,623 shares. 25,322 were reported by Indiana Tru Invest Management. Banbury Prtnrs reported 1.00 million shares. Eam Investors Lc accumulated 47,586 shares. Toronto Dominion Comml Bank invested in 0% or 23,220 shares. It also increased its holding in Ishares Core S&P Mid Cap Etf (IJH) by 55,776 shares in the quarter, for a total of 268,953 shares, and has risen its stake in Abbvie Inc (NYSE:ABBV). State Of Tennessee Treasury Department has 39,704 shares. With 38,700 avg volume, 1 days are for Transact Technologies Incorporated (NASDAQ:TACT)'s short sellers to cover TACT's short positions. This movement could be bad/good signal for few investors as firm is showing performance for the quarter as 7.46%. Whittier Trust owns 8,709 shares. Alcoa Corp New was reduced too. Prnewswire.com's news article titled: "Inside Rx, a Prescription Savings Program from Express Scripts, Expands List of Discounted Brand-Name Medications" with publication date: May 03, 2018 was also an interesting one. Mizuho has "Hold" rating and $96.0 target. Therefore 70% are positive. Tableau Software had 142 analyst reports since July 24, 2015 according to SRatingsIntel. On Wednesday, December 6 the stock rating was upgraded by Bernstein to "Market Perform". Leerink Swann maintained it with "Hold" rating and $8000 target in Thursday, May 3 report. Credit Suisse downgraded the stock to "Hold" rating in Thursday, January 11 report.

Analysts said the Fed decision kept the odds high that the USA central bank would lift rates again in June, but would not accelerate the pace of rate increases. SunTrust has "Buy" rating and $86.0 target. The stock has "Buy" rating by Maxim Group on Tuesday, July 18.

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