Legal & General Group Plc increased its position in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 3.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 122,529 shares of the business services provider’s stock after buying an additional 3,753 shares during the period. Legal & General Group Plc owned approximately 0.26% of Core-Mark Holding worth $3,818,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CORE. Laurion Capital Management LP acquired a new stake in shares of Core-Mark Holding during the first quarter valued at $415,000. WINTON GROUP Ltd purchased a new position in Core-Mark Holding during the first quarter valued at approximately $288,000. Stephens Inc. AR increased its position in Core-Mark Holding by 0.4% in the first quarter. Stephens Inc. AR now owns 10,250 shares of the business services provider’s stock valued at $320,000 after buying an additional 38 shares during the last quarter. California Public Employees Retirement System increased its position in Core-Mark Holding by 6.3% in the first quarter. California Public Employees Retirement System now owns 8,500 shares of the business services provider’s stock valued at $265,000 after buying an additional 500 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in Core-Mark Holding by 1.7% in the first quarter. Teachers Advisors LLC now owns 80,397 shares of the business services provider’s stock valued at $2,508,000 after buying an additional 1,371 shares during the last quarter. Hedge funds and other institutional investors own 99.76% of the company’s stock.
Core-Mark Holding Company, Inc. (NASDAQ CORE) traded down 3.03% during midday trading on Friday, reaching $36.43. The company had a trading volume of 269,999 shares. The stock has a market capitalization of $1.69 billion, a PE ratio of 33.33 and a beta of 0.85. The firm’s 50 day moving average is $34.84 and its 200 day moving average is $34.32. Core-Mark Holding Company, Inc. has a 1-year low of $30.00 and a 1-year high of $49.29.
Core-Mark Holding (NASDAQ:CORE) last issued its quarterly earnings results on Tuesday, May 9th. The business services provider reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by $0.08. The company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.39 billion. Core-Mark Holding had a return on equity of 11.42% and a net margin of 0.34%. The company’s revenue was up 16.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. On average, equities analysts anticipate that Core-Mark Holding Company, Inc. will post $1.49 EPS for the current fiscal year.
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A number of analysts have recently weighed in on CORE shares. Zacks Investment Research cut Core-Mark Holding from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Jefferies Group LLC set a $35.00 price target on Core-Mark Holding and gave the stock a “hold” rating in a research report on Monday, May 8th. ValuEngine cut Core-Mark Holding from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub cut Core-Mark Holding from a “hold” rating to a “sell” rating in a research report on Thursday, June 22nd. Finally, Loop Capital started coverage on Core-Mark Holding in a research note on Monday, May 15th. They set a “buy” rating and a $40.00 price objective for the company. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $42.20.
In related news, insider Eric Rolheiser sold 11,470 shares of the business’s stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $35.10, for a total value of $402,597.00. Following the sale, the insider now directly owns 5,016 shares in the company, valued at approximately $176,061.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Thomas B. Perkins sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $34.20, for a total transaction of $410,400.00. Following the completion of the sale, the insider now owns 190,666 shares in the company, valued at $6,520,777.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,970 shares of company stock valued at $1,435,622. Company insiders own 2.40% of the company’s stock.
About Core-Mark Holding
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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