Fox Run Management L.L.C. purchased a new position in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 13,000 shares of the business services provider’s stock, valued at approximately $430,000.
A number of other hedge funds and other institutional investors have also modified their holdings of the company. State Street Corp raised its position in shares of Core-Mark Holding by 10.2% in the fourth quarter. State Street Corp now owns 1,000,892 shares of the business services provider’s stock valued at $43,108,000 after buying an additional 92,637 shares during the last quarter. Guggenheim Capital LLC boosted its position in Core-Mark Holding by 917.3% in the fourth quarter. Guggenheim Capital LLC now owns 57,760 shares of the business services provider’s stock worth $2,488,000 after buying an additional 52,082 shares during the period. AQR Capital Management LLC boosted its position in Core-Mark Holding by 3.7% in the fourth quarter. AQR Capital Management LLC now owns 52,407 shares of the business services provider’s stock worth $2,257,000 after buying an additional 1,873 shares during the period. Norges Bank purchased a new position in Core-Mark Holding during the fourth quarter worth approximately $10,768,000. Finally, Teachers Advisors LLC boosted its position in Core-Mark Holding by 7.8% in the fourth quarter. Teachers Advisors LLC now owns 79,026 shares of the business services provider’s stock worth $3,404,000 after buying an additional 5,689 shares during the period. Institutional investors own 98.27% of the company’s stock.
Shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) traded up 0.04% on Friday, hitting $27.98. The company had a trading volume of 388,924 shares. Core-Mark Holding Company, Inc. has a 12 month low of $27.27 and a 12 month high of $45.70. The company has a 50-day moving average of $34.59 and a 200 day moving average of $33.86. The stock has a market cap of $1.30 billion, a PE ratio of 31.44 and a beta of 0.87.
Core-Mark Holding (NASDAQ:CORE) last released its earnings results on Tuesday, August 8th. The business services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.32 by $0.11. Core-Mark Holding had a net margin of 0.27% and a return on equity of 9.70%. The business had revenue of $3.80 billion for the quarter, compared to analyst estimates of $3.96 billion. During the same period in the prior year, the company earned $0.39 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. Analysts anticipate that Core-Mark Holding Company, Inc. will post $1.27 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Tuesday, August 29th will be paid a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend is Friday, August 25th. Core-Mark Holding’s dividend payout ratio is presently 40.00%.
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Several analysts have recently issued reports on the company. Jefferies Group LLC reiterated a “hold” rating on shares of Core-Mark Holding in a research note on Friday, June 23rd. Zacks Investment Research upgraded Core-Mark Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. Raymond James Financial, Inc. upgraded Core-Mark Holding from an “outperform” rating to a “strong-buy” rating and set a $39.00 price target on the stock in a research note on Tuesday, April 18th. ValuEngine lowered Core-Mark Holding from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, BidaskClub raised Core-Mark Holding from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average price target of $40.00.
In other news, insider Thomas B. Perkins sold 12,000 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $34.20, for a total transaction of $410,400.00. Following the transaction, the insider now owns 190,666 shares in the company, valued at approximately $6,520,777.20. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Eric Rolheiser sold 11,470 shares of the stock in a transaction on Tuesday, June 6th. The stock was sold at an average price of $35.10, for a total transaction of $402,597.00. Following the transaction, the insider now owns 5,016 shares in the company, valued at approximately $176,061.60. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,970 shares of company stock valued at $1,435,622. 2.40% of the stock is owned by insiders.
Core-Mark Holding Company Profile
Core-Mark Holding Company, Inc is a wholesale distributor to the convenience retail industry in North America. The Company provides sales, marketing, distribution and logistics services. As of December 31, 2016, the Company offered services to over 43,000 customer locations across the United States and Canada through 30 distribution centers.
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