Strategic Wealth Advisors Group LLC Acquires 2,184 Shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE)

Strategic Wealth Advisors Group LLC raised its position in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 18.9% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 13,749 shares of the business services provider’s stock after buying an additional 2,184 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in Core-Mark were worth $433,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in CORE. First Trust Advisors LP lifted its position in shares of Core-Mark by 153.5% during the first quarter. First Trust Advisors LP now owns 33,275 shares of the business services provider’s stock valued at $1,236,000 after buying an additional 20,147 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Core-Mark during the second quarter valued at about $255,000. Carroll Financial Associates Inc. purchased a new stake in shares of Core-Mark during the second quarter valued at about $166,000. Zions Bancorporation N.A. lifted its position in shares of Core-Mark by 6.3% during the second quarter. Zions Bancorporation N.A. now owns 5,496 shares of the business services provider’s stock valued at $218,000 after buying an additional 324 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Core-Mark during the second quarter valued at about $3,054,000. 93.25% of the stock is owned by institutional investors and hedge funds.

CORE traded up $1.43 during trading on Friday, reaching $28.42. 413,800 shares of the company’s stock were exchanged, compared to its average volume of 296,220. The company’s fifty day simple moving average is $29.76 and its 200-day simple moving average is $34.78. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.78 and a quick ratio of 1.00. The stock has a market capitalization of $1.50 billion, a P/E ratio of 20.45, a price-to-earnings-growth ratio of 2.53 and a beta of 0.82. Core-Mark Holding Company, Inc. has a 1 year low of $22.53 and a 1 year high of $40.95.

Core-Mark (NASDAQ:CORE) last announced its quarterly earnings data on Thursday, November 7th. The business services provider reported $0.60 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.04. The company had revenue of $4.42 billion for the quarter, compared to analyst estimates of $4.45 billion. Core-Mark had a return on equity of 13.11% and a net margin of 0.33%. The firm’s revenue for the quarter was up 3.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 EPS. Equities analysts forecast that Core-Mark Holding Company, Inc. will post 1.61 EPS for the current year.

Several equities analysts recently commented on the stock. BidaskClub raised shares of Core-Mark from a “strong sell” rating to a “sell” rating in a research report on Tuesday, November 5th. BMO Capital Markets decreased their price objective on shares of Core-Mark to $34.00 and set a “market perform” rating for the company in a research report on Tuesday, October 1st. They noted that the move was a valuation call. Raymond James decreased their price objective on shares of Core-Mark from $42.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday. ValuEngine lowered shares of Core-Mark from a “hold” rating to a “sell” rating in a research report on Wednesday. Finally, Zacks Investment Research lowered shares of Core-Mark from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 4th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $35.00.

About Core-Mark

Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes food products, including fast food, candies, snacks, and groceries, as well as beverages and fresh products, such as sandwiches, juices, salads, produce, dairy, and bread; and non-food products comprising cigars, tobacco, alternative nicotine products, health and beauty care products, and general merchandise and equipment.

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

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