In today’s session Express Scripts Holding Company (ESRX) recorded an unusually high (277) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the December, 2016 put, expecting serious ESRX decrease. With 277 contracts traded and 3234 open interest for the Dec, 16 contract, it seems this is a quite bearish bet. The option with symbol: ESRX161216P00060000 closed last at: $1.03 or 106% up. About 882,562 shares traded hands. Express Scripts Holding Company (NASDAQ:ESRX) has risen 0.92% since April 5, 2016 and is uptrending. It has underperformed by 1.03% the S&P500.
Express Scripts Holding Company (NASDAQ:ESRX) Ratings Coverage
Out of 15 analysts covering Express Scripts (NASDAQ:ESRX), 6 rate it a “Buy”, 2 “Sell”, while 7 “Hold”. This means 40% are positive. $96 is the highest target while $61 is the lowest. The $82.58 average target is 17.99% above today’s ($69.99) stock price. Express Scripts has been the topic of 23 analyst reports since July 30, 2015 according to StockzIntelligence Inc. On Monday, June 20 the stock rating was downgraded by Morgan Stanley to “Underweight”. The stock has “Outperform” rating given by Cowen & Co on Monday, April 4. As per Thursday, June 16, the company rating was initiated by Bernstein. Barclays Capital maintained Express Scripts Holding Company (NASDAQ:ESRX) rating on Wednesday, July 27. Barclays Capital has “Overweight” rating and $87 price target. The stock of Express Scripts Holding Company (NASDAQ:ESRX) has “Overweight” rating given on Thursday, February 18 by Barclays Capital. The stock of Express Scripts Holding Company (NASDAQ:ESRX) earned “Market Perform” rating by Leerink Swann on Wednesday, March 23. The stock of Express Scripts Holding Company (NASDAQ:ESRX) has “Outperform” rating given on Tuesday, April 26 by Credit Suisse. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, July 30 report. UBS initiated the stock with “Neutral” rating in Thursday, October 6 report. On Wednesday, January 13 the stock rating was maintained by Mizuho with “Buy”.
According to Zacks Investment Research, “Express Scripts, Inc. is one of the largest pharmacy benefit management companies in North America. Through facilities in the states and Canada, the company serves thousands of client groups, including managed care organizations, insurance carriers, third-party administrators, employers and union-sponsored benefit plans.”
Insitutional Activity: The institutional sentiment decreased to 0.65 in Q2 2016. Its down 0.15, from 0.8 in 2016Q1. The ratio is negative, as 76 funds sold all Express Scripts Holding Company shares owned while 514 reduced positions. 78 funds bought stakes while 304 increased positions. They now own 549.00 million shares or 2.86% less from 565.15 million shares in 2016Q1.
Atwood And Palmer reported 4,179 shares or 0.06% of all its holdings. Victory Mngmt Inc accumulated 21,930 shares or 0.01% of the stock. Moreover, Utah Retirement Systems has 0.23% invested in Express Scripts Holding Company (NASDAQ:ESRX) for 115,814 shares. Clearbridge Ltd Company holds 274,189 shares or 0.02% of its portfolio. Thompson Siegel Walmsley Lc holds 0.03% or 28,253 shares in its portfolio. Moreover, Ladenburg Thalmann Svcs has 0.06% invested in Express Scripts Holding Company (NASDAQ:ESRX) for 50,617 shares. The Tennessee-based First Mercantile Tru has invested 0.35% in Express Scripts Holding Company (NASDAQ:ESRX). River Road Asset Management Ltd Liability Corporation has invested 0.03% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX). Ig Inv Management reported 146,519 shares or 0.04% of all its holdings. Warren Averett Asset Mgmt Ltd Liability Corp has 2,757 shares for 0.09% of their US portfolio. Lenox Wealth Inc holds 162 shares or 0% of its portfolio. Planning Advsr Ltd Liability Corporation accumulated 42,327 shares or 1.79% of the stock. Fjarde Ap has 156,923 shares for 0.28% of their US portfolio. First Heartland Consultants has invested 0.13% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX). Capital Inc Ok accumulated 0% or 110,875 shares.
ESRX Company Profile
Express Scripts Holding Company, incorporated on July 15, 2011, is a pharmacy benefit management (PBM) firm in the United States. The Firm is engaged in providing healthcare management and administration services to its clients, including managed care organizations, health insurers, third-party administrators, employers, union-sponsored benefit plans, workers’ compensation plans and government health programs. The Firm has two business divisions, which include PBM and Other Business Operations. The PBM segment includes its integrated PBM activities and specialty pharmacy operations. The Company’s Other Business Operations segment includes United BioSource Corporation (UBC) and its specialty distribution operations.
Another recent and important Express Scripts Holding Company (NASDAQ:ESRX) news was published by Fool.com which published an article titled: “Express Scripts Holding Company Q3 Results: What You Need to Know” on October 25, 2016.
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