Copeland Capital Management LLC Has $15.39 Million Stake in Core-Mark Holding Company, Inc. (CORE)

Copeland Capital Management LLC lessened its position in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 8.6% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 478,940 shares of the business services provider’s stock after selling 45,015 shares during the period. Copeland Capital Management LLC owned about 1.03% of Core-Mark Holding worth $15,393,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. UBS Group AG grew its position in shares of Core-Mark Holding by 30.6% in the 1st quarter. UBS Group AG now owns 3,423 shares of the business services provider’s stock valued at $107,000 after acquiring an additional 802 shares during the period. Victory Capital Management Inc. boosted its holdings in shares of Core-Mark Holding by 65.1% during the 1st quarter. Victory Capital Management Inc. now owns 3,811 shares of the business services provider’s stock worth $119,000 after buying an additional 1,503 shares during the period. Riverhead Capital Management LLC boosted its holdings in shares of Core-Mark Holding by 81.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,997 shares of the business services provider’s stock worth $132,000 after buying an additional 1,797 shares during the period. Flinton Capital Management LLC boosted its holdings in shares of Core-Mark Holding by 77.3% during the 2nd quarter. Flinton Capital Management LLC now owns 4,368 shares of the business services provider’s stock worth $144,000 after buying an additional 1,904 shares during the period. Finally, Sei Investments Co. boosted its holdings in shares of Core-Mark Holding by 48.2% during the 2nd quarter. Sei Investments Co. now owns 5,802 shares of the business services provider’s stock worth $191,000 after buying an additional 1,887 shares during the period. 99.50% of the stock is owned by institutional investors.

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Several analysts recently commented on the stock. Zacks Investment Research raised shares of Core-Mark Holding from a “hold” rating to a “buy” rating and set a $38.00 target price for the company in a report on Monday. BidaskClub downgraded shares of Core-Mark Holding from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. Raymond James Financial, Inc. set a $35.00 target price on shares of Core-Mark Holding and gave the stock a “buy” rating in a report on Wednesday, August 9th. Jefferies Group LLC reduced their target price on shares of Core-Mark Holding from $38.00 to $34.00 and set a “hold” rating for the company in a report on Wednesday, August 9th. Finally, ValuEngine raised shares of Core-Mark Holding from a “sell” rating to a “hold” rating in a report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $39.20.

Shares of Core-Mark Holding Company, Inc. (CORE) traded up 1.21% during mid-day trading on Tuesday, hitting $33.58. 35,512 shares of the company traded hands. The firm has a 50-day moving average of $31.72 and a 200-day moving average of $32.83. The stock has a market capitalization of $1.56 billion, a price-to-earnings ratio of 37.73 and a beta of 0.96. Core-Mark Holding Company, Inc. has a one year low of $26.08 and a one year high of $44.12.

Core-Mark Holding (NASDAQ:CORE) last posted its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by ($0.11). The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.96 billion. Core-Mark Holding had a net margin of 0.27% and a return on equity of 9.70%. Core-Mark Holding’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 EPS. On average, equities analysts predict that Core-Mark Holding Company, Inc. will post $1.24 earnings per share for the current year.

Core-Mark Holding declared that its Board of Directors has authorized a share repurchase program on Monday, August 28th that allows the company to buyback $40.00 million in shares. This buyback authorization allows the business services provider to buy up to 3.3% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

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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Institutional Ownership by Quarter for Core-Mark Holding (NASDAQ:CORE)

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