Teachers Retirement System of The State of Kentucky trimmed its holdings in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 11.4% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 54,145 shares of the business services provider’s stock after selling 6,949 shares during the quarter. Teachers Retirement System of The State of Kentucky’s holdings in Core-Mark were worth $1,839,000 as of its most recent filing with the Securities and Exchange Commission.
Other institutional investors and hedge funds have also bought and sold shares of the company. Millennium Management LLC lifted its stake in Core-Mark by 292.5% in the first quarter. Millennium Management LLC now owns 97,461 shares of the business services provider’s stock worth $2,072,000 after purchasing an additional 72,629 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Core-Mark by 2.3% in the first quarter. Principal Financial Group Inc. now owns 353,718 shares of the business services provider’s stock worth $7,520,000 after purchasing an additional 8,066 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Core-Mark in the second quarter worth about $382,000. Comerica Bank lifted its stake in Core-Mark by 35.5% in the second quarter. Comerica Bank now owns 537,250 shares of the business services provider’s stock worth $12,695,000 after purchasing an additional 140,803 shares during the last quarter. Finally, First Trust Advisors LP lifted its stake in Core-Mark by 146.9% in the second quarter. First Trust Advisors LP now owns 63,927 shares of the business services provider’s stock worth $1,451,000 after purchasing an additional 38,030 shares during the last quarter. 93.24% of the stock is owned by institutional investors.
Core-Mark stock opened at $26.75 on Monday. The company has a quick ratio of 0.96, a current ratio of 1.99 and a debt-to-equity ratio of 0.66. Core-Mark Holding Company, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $40.12. The company has a market cap of $1.22 billion, a PE ratio of 26.75, a P/E/G ratio of 1.52 and a beta of 0.57.
Core-Mark (NASDAQ:CORE) last posted its quarterly earnings results on Tuesday, November 6th. The business services provider reported $0.63 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.17. Core-Mark had a net margin of 0.27% and a return on equity of 11.58%. The firm had revenue of $4.27 billion during the quarter, compared to the consensus estimate of $4.46 billion. During the same quarter in the previous year, the firm posted $0.37 earnings per share. The company’s revenue was down .9% on a year-over-year basis. On average, sell-side analysts predict that Core-Mark Holding Company, Inc. will post 1.36 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 14th. Stockholders of record on Tuesday, November 20th will be paid a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 1.64%. The ex-dividend date is Monday, November 19th. This is an increase from Core-Mark’s previous quarterly dividend of $0.10. Core-Mark’s payout ratio is currently 44.00%.
In other news, VP Christopher Hobson sold 5,812 shares of Core-Mark stock in a transaction that occurred on Thursday, November 8th. The shares were sold at an average price of $30.73, for a total transaction of $178,602.76. Following the completion of the sale, the vice president now owns 55,355 shares of the company’s stock, valued at $1,701,059.15. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.00% of the company’s stock.
Several analysts have issued reports on CORE shares. ValuEngine raised shares of Core-Mark from a “strong sell” rating to a “sell” rating in a research note on Friday, August 3rd. Zacks Investment Research raised shares of Core-Mark from a “sell” rating to a “hold” rating in a research note on Monday, August 6th. Stephens raised shares of Core-Mark from an “equal weight” rating to an “overweight” rating and set a $35.00 price objective for the company in a research note on Wednesday, August 8th. BMO Capital Markets reissued a “hold” rating and issued a $30.00 price objective (up previously from $21.00) on shares of Core-Mark in a research note on Wednesday, August 8th. Finally, BidaskClub raised shares of Core-Mark from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 9th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and two have given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $33.67.
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Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.
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