BlackRock Advisors LLC increased its position in Core-Mark Holding Co. (NASDAQ:CORE) by 118.7% during the second quarter, Holdings Channel reports. The firm owned 115,431 shares of the company’s stock after buying an additional 62,643 shares during the period. BlackRock Advisors LLC owned approximately 0.25% of Core-Mark Holding worth $5,409,000 as of its most recent SEC filing.
Several other institutional investors also recently modified their holdings of CORE. Vanguard Group Inc. increased its position in shares of Core-Mark Holding by 110.0% in the second quarter. Vanguard Group Inc. now owns 3,532,723 shares of the company’s stock worth $165,543,000 after buying an additional 1,850,417 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Core-Mark Holding by 83.3% in the second quarter. Dimensional Fund Advisors LP now owns 3,065,104 shares of the company’s stock worth $143,627,000 after buying an additional 1,393,345 shares during the period. Oak Ridge Investments LLC increased its position in shares of Core-Mark Holding by 97.0% in the second quarter. Oak Ridge Investments LLC now owns 1,322,855 shares of the company’s stock worth $61,989,000 after buying an additional 651,270 shares during the period. Brown Advisory Inc. increased its position in shares of Core-Mark Holding by 72.3% in the second quarter. Brown Advisory Inc. now owns 964,813 shares of the company’s stock worth $45,212,000 after buying an additional 404,922 shares during the period. Finally, Royce & Associates LP increased its position in shares of Core-Mark Holding by 100.0% in the second quarter. Royce & Associates LP now owns 919,724 shares of the company’s stock worth $43,098,000 after buying an additional 459,862 shares during the period. Institutional investors own 96.45% of the company’s stock.
Shares of Core-Mark Holding Co. (NASDAQ:CORE) opened at 35.20 on Monday. The firm has a 50 day moving average price of $36.49 and a 200 day moving average price of $42.14. Core-Mark Holding Co. has a 52 week low of $34.14 and a 52 week high of $50.00. The company has a market capitalization of $1.63 billion, a price-to-earnings ratio of 29.96 and a beta of 0.65.
Core-Mark Holding (NASDAQ:CORE) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.38 by $0.03. The company earned $3.70 billion during the quarter, compared to analysts’ expectations of $3.50 billion. Core-Mark Holding had a return on equity of 12.18% and a net margin of 0.44%. The business’s quarterly revenue was up 31.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.33 EPS. Equities analysts forecast that Core-Mark Holding Co. will post $1.41 EPS for the current year.
A number of equities analysts have recently issued reports on CORE shares. Zacks Investment Research downgraded Core-Mark Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, August 31st. Raymond James Financial Inc. dropped their price target on Core-Mark Holding from $51.00 to $46.00 and set an “outperform” rating on the stock in a report on Tuesday, August 30th. Finally, Jefferies Group lowered Core-Mark Holding from a “buy” rating to a “hold” rating and set a $33.00 price target on the stock. in a report on Friday, September 30th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $60.20.
In related news, SVP Scott E. Mcpherson sold 4,522 shares of the company’s stock in a transaction that occurred on Tuesday, August 23rd. The stock was sold at an average price of $45.22, for a total value of $204,484.84. Following the sale, the senior vice president now owns 155,244 shares in the company, valued at approximately $7,020,133.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Scott E. Mcpherson sold 5,478 shares of the company’s stock in a transaction that occurred on Monday, August 22nd. The stock was sold at an average price of $45.07, for a total value of $246,893.46. Following the completion of the sale, the senior vice president now owns 155,244 shares in the company, valued at approximately $6,996,847.08. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.
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 to over 36,500 customer locations across the United States and Canada through over 30 distribution centers. The Company’s segments include the United States, Canada and Corporate.
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