Strs Ohio Sells 800 Shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE)

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Strs Ohio cut its stake in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 3.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 25,900 shares of the business services provider’s stock after selling 800 shares during the quarter. Strs Ohio owned 0.06% of Core-Mark worth $1,028,000 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 stock. Arizona State Retirement System grew its holdings in shares of Core-Mark by 0.6% during the 2nd quarter. Arizona State Retirement System now owns 71,157 shares of the business services provider’s stock valued at $2,826,000 after purchasing an additional 396 shares during the last quarter. First Quadrant L P CA bought a new stake in shares of Core-Mark during the 2nd quarter valued at approximately $360,000. Convergence Investment Partners LLC grew its holdings in shares of Core-Mark by 8.5% during the 2nd quarter. Convergence Investment Partners LLC now owns 61,546 shares of the business services provider’s stock valued at $2,445,000 after purchasing an additional 4,802 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Core-Mark by 6.9% during the 2nd quarter. State of Alaska Department of Revenue now owns 16,522 shares of the business services provider’s stock valued at $656,000 after purchasing an additional 1,061 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its holdings in shares of Core-Mark by 4.4% during the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 193,108 shares of the business services provider’s stock valued at $7,670,000 after purchasing an additional 8,125 shares during the last quarter. 92.76% of the stock is currently owned by institutional investors.

CORE opened at $33.65 on Wednesday. Core-Mark Holding Company, Inc. has a fifty-two week low of $22.53 and a fifty-two week high of $40.95. The company has a quick ratio of 1.00, a current ratio of 1.78 and a debt-to-equity ratio of 0.93. The company has a market cap of $1.55 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 2.64 and a beta of 0.76. The stock’s 50 day simple moving average is $37.72.

Core-Mark (NASDAQ:CORE) last posted its earnings results on Wednesday, August 7th. The business services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.06. Core-Mark had a net margin of 0.33% and a return on equity of 13.11%. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same period in the previous year, the firm posted $0.35 EPS. The company’s revenue for the quarter was up 1.8% compared to the same quarter last year. As a group, research analysts expect that Core-Mark Holding Company, Inc. will post 1.6 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Thursday, August 22nd will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.31%. The ex-dividend date of this dividend is Wednesday, August 21st. Core-Mark’s payout ratio is 31.65%.

Several equities research analysts recently issued reports on the stock. Zacks Investment Research lowered shares of Core-Mark from a “buy” rating to a “hold” rating in a report on Monday, August 5th. BidaskClub lowered shares of Core-Mark from a “hold” rating to a “sell” rating in a report on Wednesday, July 24th. Finally, ValuEngine lowered shares of Core-Mark from a “hold” rating to a “sell” rating in a report on Monday. 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 currently has a consensus rating of “Hold” and an average price target of $38.40.

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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