Pitcairn Co Lowers stake in Express Scripts Holding Company (ESRX)

Express Scripts Holding Company (ESRX) : Pitcairn Co reduced its stake in Express Scripts Holding Company by 22.99% during the most recent quarter end. The investment management company now holds a total of 40,201 shares of Express Scripts Holding Company which is valued at $3,103,919 after selling 12,001 shares in Express Scripts Holding Company , the firm said in a disclosure report filed with the SEC on Jul 25, 2016.Express Scripts Holding Company makes up approximately 0.39% of Pitcairn Co’s portfolio.

Other Hedge Funds, Including , Cordasco Financial Network reduced its stake in ESRX by selling 520 shares or 39.48% in the most recent quarter. The Hedge Fund company now holds 797 shares of ESRX which is valued at $61,536. Express Scripts Holding Company makes up approx 0.07% of Cordasco Financial Network’s portfolio.Barry Investment Advisors reduced its stake in ESRX by selling 17 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 7,107 shares of ESRX which is valued at $566,286. Express Scripts Holding Company makes up approx 0.22% of Barry Investment Advisors’s portfolio.First Manhattan Co reduced its stake in ESRX by selling 7,907 shares or 13.57% in the most recent quarter. The Hedge Fund company now holds 50,342 shares of ESRX which is valued at $4,011,251. Express Scripts Holding Company makes up approx 0.02% of First Manhattan Co’s portfolio. Pacwest Financial Management Inc sold out all of its stake in ESRX during the most recent quarter. The investment firm sold 17,122 shares of ESRX which is valued $1,345,789.

Express Scripts Holding Company closed down -1.02 points or -1.32% at $76.07 with 45,50,675 shares getting traded on Friday. Post opening the session at $76.84, the shares hit an intraday low of $75.93 and an intraday high of $77.15 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. 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. Express Scripts Holding Company was Resumed by BofA/Merrill to “Neutral” on Jun 7, 2016.

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