Oaktree Capital Management LP Has Decreased Its Gerdau Sa (GGB) Stake by $6.80 Million; As Express Scripts (ESRX) Share Price Declined, Public Employees Retirement Association Of Colorado Trimmed Its Holding

January 14, 2018 - By Migdalia James

Public Employees Retirement Association Of Colorado decreased its stake in Express Scripts (ESRX) by 8.63% based on its latest 2017Q3 regulatory filing with the SEC. Public Employees Retirement Association Of Colorado sold 9,866 shares as the company’s stock declined 14.09% while stock markets rallied. The institutional investor held 104,417 shares of the medical and nursing services company at the end of 2017Q3, valued at $6.61 million, down from 114,283 at the end of the previous reported quarter. Public Employees Retirement Association Of Colorado who had been investing in Express Scripts for a number of months, seems to be less bullish one the $45.80 billion market cap company. The stock increased 0.97% or $0.78 during the last trading session, reaching $80.87. About 3.16 million shares traded. Express Scripts Holding Company (NASDAQ:ESRX) has declined 16.92% since January 14, 2017 and is downtrending. It has underperformed by 33.62% the S&P500.

Howard Marks decreased its stake in Gerdau Sa (GGB) by 31.17% based on its latest 2017Q3 regulatory filing with the SEC. Oaktree Capital Management Lp sold 2.27 million shares as the company’s stock declined 32.55% while stock markets rallied. The hedge fund run by Howard Marks held 5.01M shares of the steel and iron ore company at the end of 2017Q3, valued at $17.17M, down from 7.27M at the end of the previous reported quarter. Oaktree Capital Management Lp who had been investing in Gerdau Sa for a number of months, seems to be less bullish one the $7.91B market cap company. The stock increased 0.65% or $0.03 during the last trading session, reaching $4.66. About 21.16 million shares traded or 144.93% up from the average. Gerdau S.A. (NYSE:GGB) has risen 83.44% since January 14, 2017 and is uptrending. It has outperformed by 66.74% the S&P500.

Analysts await Express Scripts Holding Company (NASDAQ:ESRX) to report earnings on February, 13. They expect $2.08 EPS, up 10.64% or $0.20 from last year’s $1.88 per share. ESRX’s profit will be $1.18 billion for 9.72 P/E if the $2.08 EPS becomes a reality. After $1.90 actual EPS reported by Express Scripts Holding Company for the previous quarter, Wall Street now forecasts 9.47% EPS growth.

Public Employees Retirement Association Of Colorado, which manages about $13.87 billion US Long portfolio, upped its stake in Caesarstone Sdo (NASDAQ:CSTE) by 38,953 shares to 424,588 shares, valued at $12.65 million in 2017Q3, according to the filing. It also increased its holding in Digital Realty (NYSE:DLR) by 7,786 shares in the quarter, for a total of 41,211 shares, and has risen its stake in Bottomline Tech (NASDAQ:EPAY).

Among 24 analysts covering Express Scripts (NASDAQ:ESRX), 10 have Buy rating, 3 Sell and 11 Hold. Therefore 42% are positive. Express Scripts had 52 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Express Scripts Holding Company (NASDAQ:ESRX) has “Equal-Weight” rating given on Thursday, January 21 by Morgan Stanley. On Monday, June 20 the stock rating was downgraded by Morgan Stanley to “Underweight”. The firm has “Buy” rating given on Friday, July 7 by Jefferies. The firm has “Neutral” rating given on Thursday, October 6 by UBS. Barclays Capital maintained the stock with “Overweight” rating in Thursday, February 18 report. The firm has “Buy” rating given on Thursday, June 1 by Credit Suisse. The stock of Express Scripts Holding Company (NASDAQ:ESRX) has “Hold” rating given on Monday, October 2 by Needham. Jefferies maintained the shares of ESRX in report on Tuesday, August 29 with “Buy” rating. The rating was downgraded by Wells Fargo on Wednesday, March 15 to “Underperform”. The company was downgraded on Monday, October 9 by Raymond James.

Investors sentiment increased to 0.62 in Q3 2017. Its up 0.06, from 0.56 in 2017Q2. It improved, as 66 investors sold ESRX shares while 414 reduced holdings. 72 funds opened positions while 224 raised stakes. 486.80 million shares or 2.59% less from 499.72 million shares in 2017Q2 were reported. Bancorporation Of Nova Scotia Company holds 0.01% in Express Scripts Holding Company (NASDAQ:ESRX) or 1,898 shares. Caxton Assoc LP invested in 3,300 shares. Gsa Cap Prtn Limited Liability Partnership has 0.01% invested in Express Scripts Holding Company (NASDAQ:ESRX) for 3,419 shares. Moreover, Pillar Pacific Capital Mngmt Ltd Limited Liability Company has 0.23% invested in Express Scripts Holding Company (NASDAQ:ESRX). Dubuque Retail Bank And Trust Company holds 575 shares or 0.01% of its portfolio. Montag A And Incorporated accumulated 6,860 shares. Asset Mgmt One Communication Ltd reported 951,223 shares or 0.14% of all its holdings. Canandaigua Comml Bank & Tru invested 0.39% in Express Scripts Holding Company (NASDAQ:ESRX). Moreover, Pinnacle Associate has 0.02% invested in Express Scripts Holding Company (NASDAQ:ESRX). Perigon Wealth Mgmt Lc holds 0.02% in Express Scripts Holding Company (NASDAQ:ESRX) or 935 shares. Cibc World Mkts Corp reported 209,111 shares. Johnson Invest Counsel Inc reported 0.02% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX). Brave Asset Mngmt reported 6,049 shares. Centurylink Mgmt owns 31,705 shares. Denver Invest Advisors Limited Com holds 0.01% or 4,630 shares in its portfolio.

Oaktree Capital Management Lp, which manages about $6.70B US Long portfolio, upped its stake in Envestnet Inc (Prn) by 11.00 million shares to 18.23M shares, valued at $19.21M in 2017Q3, according to the filing. It also increased its holding in Itau Unibanco H (NYSE:ITUB) by 418,711 shares in the quarter, for a total of 9.24M shares, and has risen its stake in Stanley Black & Decker Inc.

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