Cortland Associates Incmo Lowers stake in Express Scripts Holding Company (ESRX)

Express Scripts Holding Company (ESRX) : Cortland Associates Incmo reduced its stake in Express Scripts Holding Company by 0.35% during the most recent quarter end. The investment management company now holds a total of 750,695 shares of Express Scripts Holding Company which is valued at $57,961,161 after selling 2,654 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 12.72% of Cortland Associates Incmo’s portfolio.

Other Hedge Funds, Including , Huntington National Bank reduced its stake in ESRX by selling 30,014 shares or 20.83% in the most recent quarter. The Hedge Fund company now holds 114,086 shares of ESRX which is valued at $8,808,580. Express Scripts Holding Company makes up approx 0.21% of Huntington National Bank’s portfolio.Capital Planning Advisors boosted its stake in ESRX in the latest quarter, The investment management firm added 2,125 additional shares and now holds a total of 42,327 shares of Express Scripts Holding Company which is valued at $3,337,907. Express Scripts Holding Company makes up approx 1.79% of Capital Planning Advisors’s portfolio.Regent Investment Management reduced its stake in ESRX by selling 2,848 shares or 12.8% in the most recent quarter. The Hedge Fund company now holds 19,397 shares of ESRX which is valued at $1,545,553. Express Scripts Holding Company makes up approx 0.81% of Regent Investment Management’s portfolio.Bnp Paribas Arbitrage Sa reduced its stake in ESRX by selling 177,833 shares or 60.86% in the most recent quarter. The Hedge Fund company now holds 114,356 shares of ESRX which is valued at $8,910,620. Express Scripts Holding Company makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio.

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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