Commerce Bank Increased Its Conagra Brands (CAG) Stake by $495,023; Stock Price Declined; As Express Scripts (ESRX) Share Value Declined, Eqis Capital Management Cut Its Holding by $419,136

April 17, 2018 - By Marguerite Chambers

Express Scripts Holding Company (NASDAQ:ESRX) Logo

Eqis Capital Management Inc decreased its stake in Express Scripts Inc (ESRX) by 22.13% based on its latest 2017Q4 regulatory filing with the SEC. Eqis Capital Management Inc sold 5,664 shares as the company’s stock declined 5.58% with the market. The institutional investor held 19,927 shares of the medical and nursing services company at the end of 2017Q4, valued at $1.49M, down from 25,591 at the end of the previous reported quarter. Eqis Capital Management Inc who had been investing in Express Scripts Inc for a number of months, seems to be less bullish one the $40.43 billion market cap company. The stock increased 0.52% or $0.37 during the last trading session, reaching $71.99. About 2.88 million shares traded. Express Scripts Holding Company (NASDAQ:ESRX) has risen 8.93% since April 17, 2017 and is uptrending. It has underperformed by 2.62% the S&P500.

Commerce Bank increased its stake in Conagra Brands Inc (CAG) by 66.34% based on its latest 2017Q4 regulatory filing with the SEC. Commerce Bank bought 13,379 shares as the company’s stock declined 4.67% with the market. The institutional investor held 33,545 shares of the consumer non-durables company at the end of 2017Q4, valued at $1.26M, up from 20,166 at the end of the previous reported quarter. Commerce Bank who had been investing in Conagra Brands Inc for a number of months, seems to be bullish on the $14.64B market cap company. The stock increased 1.11% or $0.41 during the last trading session, reaching $37.21. About 1.95 million shares traded. Conagra Brands, Inc. (NYSE:CAG) has declined 9.57% since April 17, 2017 and is downtrending. It has underperformed by 21.12% the S&P500.

Since January 4, 2018, it had 0 insider buys, and 4 insider sales for $1.76 million activity. Another trade for 12,092 shares valued at $449,618 was sold by BUTLER STEPHEN G. MARSHALL RUTH ANN also sold $216,810 worth of Conagra Brands, Inc. (NYSE:CAG) shares.

Commerce Bank, which manages about $7.68B US Long portfolio, decreased its stake in Kinder Morgan Inc Del (NYSE:KMI) by 21,280 shares to 74,584 shares, valued at $1.35 million in 2017Q4, according to the filing. It also reduced its holding in Goldman Sachs Group Inc (NYSE:GS) by 59,516 shares in the quarter, leaving it with 53,371 shares, and cut its stake in Mckesson Corp (NYSE:MCK).

Among 14 analysts covering ConAgra Foods (NYSE:CAG), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. ConAgra Foods had 50 analyst reports since September 16, 2015 according to SRatingsIntel. As per Tuesday, April 3, the company rating was maintained by RBC Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $45.0 target in Tuesday, November 7 report. As per Wednesday, December 16, the company rating was initiated by Jefferies. Bernstein downgraded the shares of CAG in report on Tuesday, March 21 to “Underperform” rating. Deutsche Bank maintained the stock with “Hold” rating in Friday, September 25 report. The company was maintained on Friday, July 1 by RBC Capital Markets. As per Friday, September 23, the company rating was maintained by Deutsche Bank. The rating was upgraded by Bank of America on Friday, February 12 to “Buy”. The stock has “Neutral” rating by UBS on Friday, March 23. On Monday, September 25 the stock rating was maintained by Credit Suisse with “Neutral”.

Investors sentiment decreased to 0.78 in Q4 2017. Its down 0.21, from 0.99 in 2017Q3. It fall, as 42 investors sold CAG shares while 227 reduced holdings. 62 funds opened positions while 147 raised stakes. 301.99 million shares or 2.83% less from 310.77 million shares in 2017Q3 were reported. Daiwa Gru holds 0% or 12,194 shares in its portfolio. Oppenheimer & Communication holds 0.05% or 48,025 shares in its portfolio. Cap Limited Liability Co invested in 59,464 shares or 0.15% of the stock. First Republic Invest holds 18,134 shares or 0% of its portfolio. Toronto Dominion Commercial Bank owns 181,383 shares or 0.02% of their US portfolio. Cls Invs Lc owns 315 shares or 0% of their US portfolio. Mercer Cap Advisers holds 500 shares. Robeco Institutional Asset Management Bv holds 0.11% of its portfolio in Conagra Brands, Inc. (NYSE:CAG) for 545,881 shares. Natixis accumulated 32,458 shares. Amp Invsts Ltd reported 239,556 shares or 0.05% of all its holdings. Hartford Fincl Mgmt holds 1,400 shares. Cubist Systematic Strategies Limited Liability holds 0.21% or 105,673 shares. Tdam Usa invested in 0.02% or 8,680 shares. Ubs Oconnor Lc reported 1.68M shares. United Advisers Llc holds 0% of its portfolio in Conagra Brands, Inc. (NYSE:CAG) for 8,008 shares.

Eqis Capital Management Inc, which manages about $779.38M and $1.96B US Long portfolio, upped its stake in Packaging Corp Amer (NYSE:PKG) by 3,112 shares to 31,070 shares, valued at $3.75 million in 2017Q4, according to the filing. It also increased its holding in Moodys Corp Com (NYSE:MCO) by 2,639 shares in the quarter, for a total of 5,978 shares, and has risen its stake in Spdr S&P 500 Growth Etf (SPYG).

Investors sentiment increased to 0.69 in 2017 Q4. Its up 0.07, from 0.62 in 2017Q3. It is positive, as 68 investors sold ESRX shares while 407 reduced holdings. 111 funds opened positions while 216 raised stakes. 479.40 million shares or 1.52% less from 486.80 million shares in 2017Q3 were reported. 11,358 were reported by Tobam. The New York-based Tocqueville Asset Mgmt Limited Partnership has invested 0.02% in Express Scripts Holding Company (NASDAQ:ESRX). Moreover, First Comml Bank Of Mount Dora Trust Investment Serv has 0.5% invested in Express Scripts Holding Company (NASDAQ:ESRX) for 15,378 shares. Retirement Of Alabama reported 274,473 shares stake. Sumitomo Mitsui Asset Mgmt Ltd has invested 0.05% in Express Scripts Holding Company (NASDAQ:ESRX). Cornerstone Advisors has 3,438 shares for 0.17% of their portfolio. Arrowstreet Lp holds 0.62% or 3.45 million shares in its portfolio. Northcoast Asset Mngmt Limited Co has invested 2.67% in Express Scripts Holding Company (NASDAQ:ESRX). Country Trust Natl Bank holds 1.12% or 350,565 shares in its portfolio. Symons Cap Management reported 158,798 shares. Tradewinds holds 15,134 shares. Ls Invest Advisors Lc has 26,435 shares for 0.11% of their portfolio. Boston Private Wealth Ltd Liability Company holds 0.05% or 17,125 shares. Ipswich Inv Management invested in 0.14% or 4,378 shares. Livingston Grp Inc Asset Mngmt (Operating As Southport Management) reported 3,000 shares stake.

Express Scripts Holding Company (NASDAQ:ESRX) Institutional Positions Chart

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