Greatmark Investment Partners Raised Its Holding in Express Scripts Holding Co (ESRX) by $4.87 Million; Denver Investment Advisors Has Upped Silicon Motion Technol (SIMO) Stake

February 21, 2018 - By Maria Brooks

Denver Investment Advisors Llc increased its stake in Silicon Motion Technol (SIMO) by 86.64% based on its latest 2017Q3 regulatory filing with the SEC. Denver Investment Advisors Llc bought 94,279 shares as the company’s stock rose 17.92% with the market. The hedge fund held 203,099 shares of the semiconductors company at the end of 2017Q3, valued at $9.76M, up from 108,820 at the end of the previous reported quarter. Denver Investment Advisors Llc who had been investing in Silicon Motion Technol for a number of months, seems to be bullish on the $1.62 billion market cap company. The stock increased 1.32% or $0.59 during the last trading session, reaching $45.36. About 765,403 shares traded or 32.11% up from the average. Silicon Motion Technology Corporation (NASDAQ:SIMO) has risen 21.46% since February 21, 2017 and is uptrending. It has outperformed by 4.76% the S&P500.

Greatmark Investment Partners Inc increased its stake in Express Scripts Holding Co (ESRX) by 19337.5% based on its latest 2017Q3 regulatory filing with the SEC. Greatmark Investment Partners Inc bought 77,350 shares as the company’s stock declined 14.09% while stock markets rallied. The institutional investor held 77,750 shares of the medical and nursing services company at the end of 2017Q3, valued at $4.92 million, up from 400 at the end of the previous reported quarter. Greatmark Investment Partners Inc who had been investing in Express Scripts Holding Co for a number of months, seems to be bullish on the $43.07 billion market cap company. The stock increased 1.09% or $0.82 during the last trading session, reaching $76.05. About 4.05 million shares traded. Express Scripts Holding Company (NASDAQ:ESRX) has declined 16.92% since February 21, 2017 and is downtrending. It has underperformed by 33.62% the S&P500.

Greatmark Investment Partners Inc, which manages about $285.51 million and $261.31M US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 6,033 shares to 88,205 shares, valued at $13.59 million in 2017Q3, according to the filing. It also reduced its holding in Total System Services Inc (NYSE:TSS) by 4,730 shares in the quarter, leaving it with 45,424 shares, and cut its stake in Conocophillips (NYSE:COP).

Investors sentiment increased to 0.62 in Q3 2017. Its up 0.06, from 0.56 in 2017Q2. It is positive, 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. Virtus Advisers Incorporated invested in 0.02% or 2,752 shares. Chesley Taft Assoc Limited Liability invested in 0.42% or 77,389 shares. Bridgewater Assoc Lp accumulated 596,933 shares. Johnson Gp owns 640 shares for 0.01% of their portfolio. Moreover, Buckhead Management Ltd Limited Liability Company has 0.79% invested in Express Scripts Holding Company (NASDAQ:ESRX) for 57,711 shares. Cobblestone Advsrs Ltd Liability Company owns 0.85% invested in Express Scripts Holding Company (NASDAQ:ESRX) for 109,129 shares. Buckingham Asset Mngmt Limited Liability has 8,618 shares for 0.13% of their portfolio. Edge Wealth Management Ltd stated it has 0.02% in Express Scripts Holding Company (NASDAQ:ESRX). Pekin Singer Strauss Asset Il accumulated 14,221 shares. 1,680 were accumulated by Hartford Financial Mgmt. Bank Of Nova Scotia Trust has invested 0.01% in Express Scripts Holding Company (NASDAQ:ESRX). Tremblant Capital Group Inc holds 0.03% or 9,426 shares in its portfolio. Tokio Marine Asset Mngmt has invested 0.05% of its portfolio in Express Scripts Holding Company (NASDAQ:ESRX). Cna Finance Corporation has 25,767 shares for 0.41% of their portfolio. 30,182 are held by Cantab Cap Llp.

Among 24 analysts covering Express Scripts (NASDAQ:ESRX), 11 have Buy rating, 4 Sell and 9 Hold. Therefore 46% are positive. Express Scripts had 56 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Express Scripts Holding Company (NASDAQ:ESRX) earned “Buy” rating by Jefferies on Friday, July 7. Robert W. Baird maintained Express Scripts Holding Company (NASDAQ:ESRX) on Wednesday, October 25 with “Neutral” rating. Oppenheimer maintained the shares of ESRX in report on Wednesday, July 26 with “Hold” rating. The rating was maintained by Jefferies on Friday, December 15 with “Buy”. The firm earned “Hold” rating on Thursday, December 14 by RBC Capital Markets. The stock of Express Scripts Holding Company (NASDAQ:ESRX) earned “Market Perform” rating by Leerink Swann on Tuesday, January 19. The company was maintained on Tuesday, July 18 by Maxim Group. On Monday, October 9 the stock rating was downgraded by Raymond James to “Underperform”. The rating was upgraded by Bernstein on Wednesday, December 6 to “Market Perform”. Leerink Swann maintained the stock with “Market Perform” rating in Wednesday, March 23 report.

Denver Investment Advisors Llc, which manages about $9.81 billion and $2.04B US Long portfolio, decreased its stake in 3M Co (NYSE:MMM) by 2,022 shares to 94,216 shares, valued at $19.78 million in 2017Q3, according to the filing. It also reduced its holding in Big Lots Inc (NYSE:BIG) by 72,121 shares in the quarter, leaving it with 326,747 shares, and cut its stake in First Midwest Bancorp Inc/Il (NASDAQ:FMBI).

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By1 Maria Brooks

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