Is Express Scripts Holding Company (ESRX) A Good Stock To Buy?

Since Express Scripts Holding Company (NASDAQ:ESRX) has faced falling interest from the entirety of the hedge funds we track, logic holds that there lies a certain “tier” of fund managers that elected to cut their full holdings heading into Q4. Intriguingly, Glenn Greenberg’s Brave Warrior Capital dumped the largest position of the “upper crust” of funds followed by Insider Monkey, comprising an estimated $154.7 million in call options. Dmitry Balyasny’s fund, Balyasny Asset Management, also dropped its call options, about $26.7 million worth. These moves are interesting, as total hedge fund interest was cut by 4 funds heading into Q4.

Let’s go over hedge fund activity in other stocks – not necessarily in the same industry as Express Scripts Holding Company (NASDAQ:ESRX) but similarly valued. We will take a look at Twenty-First Century Fox Inc (NASDAQ:FOX), ING Groep N.V. (ADR) (NYSE:ING), Prudential Public Limited Company (ADR) (NYSE:PUK), and Honda Motor Co Ltd (ADR) (NYSE:HMC). This group of stocks’ market valuations are similar to ESRX’s market valuation.

As you can see these stocks had an average of 16 hedge funds with bullish positions and the average amount invested in these stocks was $1,112 million. That figure was $3,434 million in ESRX’s case. Twenty-First Century Fox Inc (NASDAQ:FOX) is the most popular stock in this table. On the other hand Prudential Public Limited Company (ADR) (NYSE:PUK) is the least popular one with only 9 bullish hedge fund positions. Compared to these stocks Express Scripts Holding Company (NASDAQ:ESRX) is more popular among hedge funds. Considering that hedge funds are fond of this stock in relation to its market cap peers, it may be a good idea to analyze it in detail and potentially include it in your portfolio.