Palouse Capital Management Lowers stake in Express Scripts Holding Company (ESRX)

Express Scripts Holding Company (ESRX) : Palouse Capital Management reduced its stake in Express Scripts Holding Company by 1.85% during the most recent quarter end. The investment management company now holds a total of 39,291 shares of Express Scripts Holding Company which is valued at $3,033,658 after selling 739 shares in Express Scripts Holding Company , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Express Scripts Holding Company makes up approximately 1.18% of Palouse Capital Management’s portfolio.

Other Hedge Funds, Including , Duncker Streett Co Inc reduced its stake in ESRX by selling 336 shares or 2.07% in the most recent quarter. The Hedge Fund company now holds 15,924 shares of ESRX which is valued at $1,255,767. Express Scripts Holding Company makes up approx 0.43% of Duncker Streett Co Inc’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. Capital Asset Advisory Services sold out all of its stake in ESRX during the most recent quarter. The investment firm sold 12,985 shares of ESRX which is valued $1,020,621.

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. 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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