Peak Asset Management Lowers stake in Express Scripts Holding Company (ESRX)

Express Scripts Holding Company (ESRX) : Peak Asset Management reduced its stake in Express Scripts Holding Company by 2.11% during the most recent quarter end. The investment management company now holds a total of 6,031 shares of Express Scripts Holding Company which is valued at $458,235 after selling 130 shares in Express Scripts Holding Company , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.Express Scripts Holding Company makes up approximately 0.09% of Peak Asset Management’s portfolio.

Other Hedge Funds, Including , New Jersey Better Educational Savings Trust reduced its stake in ESRX by selling 4,000 shares or 33.33% in the most recent quarter. The Hedge Fund company now holds 8,000 shares of ESRX which is valued at $607,840. Express Scripts Holding Company makes up approx 0.39% of New Jersey Better Educational Savings Trust’s portfolio.Quadrant Capital Group boosted its stake in ESRX in the latest quarter, The investment management firm added 80 additional shares and now holds a total of 3,680 shares of Express Scripts Holding Company which is valued at $279,938. Express Scripts Holding Company makes up approx 0.18% of Quadrant Capital Group’s portfolio.Rnc Capital Management reduced its stake in ESRX by selling 240 shares or 7.27% in the most recent quarter. The Hedge Fund company now holds 3,061 shares of ESRX which is valued at $236,340. Express Scripts Holding Company makes up approx 0.02% of Rnc Capital Management’s portfolio.Beacon Financial Group reduced its stake in ESRX by selling 1,378 shares or 2.17% in the most recent quarter. The Hedge Fund company now holds 62,188 shares of ESRX which is valued at $4,887,977. Express Scripts Holding Company makes up approx 1.03% of Beacon Financial Group’s portfolio.

Express Scripts Holding Company closed down -0.47 points or -0.62% at $75.91 with 24,56,870 shares getting traded on Monday. Post opening the session at $76.38, the shares hit an intraday low of $75.735 and an intraday high of $76.81 and the price fluctuated in this range throughout the day.Shares ended Monday 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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