Chicago Equity Partners LLC trimmed its stake in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 12.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,590 shares of the business services provider’s stock after selling 3,135 shares during the quarter. Chicago Equity Partners LLC’s holdings in Core-Mark were worth $693,000 as of its most recent filing with the Securities and Exchange Commission.
Several other institutional investors also recently made changes to their positions in the company. Nuveen Asset Management LLC purchased a new stake in shares of Core-Mark during the second quarter worth $21,677,000. Prudential Financial Inc. grew its position in shares of Core-Mark by 139.1% during the 2nd quarter. Prudential Financial Inc. now owns 832,849 shares of the business services provider’s stock worth $33,081,000 after purchasing an additional 484,533 shares in the last quarter. Invesco Ltd. grew its position in shares of Core-Mark by 218.1% during the 2nd quarter. Invesco Ltd. now owns 402,291 shares of the business services provider’s stock worth $15,979,000 after purchasing an additional 275,805 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Core-Mark by 5.5% during the 2nd quarter. Vanguard Group Inc. now owns 5,080,735 shares of the business services provider’s stock worth $201,806,000 after purchasing an additional 263,876 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Core-Mark by 55.1% during the 2nd quarter. Renaissance Technologies LLC now owns 420,402 shares of the business services provider’s stock worth $16,698,000 after acquiring an additional 149,402 shares in the last quarter. Institutional investors and hedge funds own 93.25% of the company’s stock.
CORE has been the topic of several analyst reports. Zacks Investment Research lowered shares of Core-Mark from a “strong-buy” rating to a “hold” rating in a research report on Monday. BMO Capital Markets reduced their price target on shares of Core-Mark to $34.00 and set a “market perform” rating on the stock in a research report on Tuesday, October 1st. They noted that the move was a valuation call. BidaskClub upgraded shares of Core-Mark from a “strong sell” rating to a “sell” rating in a research report on Tuesday. Finally, ValuEngine lowered shares of Core-Mark from a “hold” rating to a “sell” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the stock. Core-Mark has a consensus rating of “Hold” and an average target price of $36.60.
NASDAQ CORE opened at $33.00 on Thursday. The company has a current ratio of 1.78, a quick ratio of 1.00 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $1.46 billion, a price-to-earnings ratio of 19.72, a P/E/G ratio of 2.46 and a beta of 0.82. The firm’s 50 day simple moving average is $29.90 and its 200 day simple moving average is $34.86. 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 posted its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.06. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.31 billion. Core-Mark had a net margin of 0.33% and a return on equity of 13.11%. The firm’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.35 EPS. On average, equities research analysts forecast that Core-Mark Holding Company, Inc. will post 1.61 earnings per share for the current year.
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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