Core-Mark Holding Co. (CORE) Shares Bought by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado increased its stake in Core-Mark Holding Co. (NASDAQ:CORE) by 124.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 347,146 shares of the company’s stock after buying an additional 192,182 shares during the period. Public Employees Retirement Association of Colorado owned 0.75% of Core-Mark Holding worth $16,267,000 as of its most recent filing with the SEC.
Other large investors also recently bought and sold shares of the company. Springbok Capital Management LLC boosted its stake in Core-Mark Holding by 5,072.4% in the first quarter. Springbok Capital Management LLC now owns 1,500 shares of the company’s stock valued at $122,000 after buying an additional 1,471 shares in the last quarter. BlackRock Inc. boosted its stake in Core-Mark Holding by 175.0% in the first quarter. BlackRock Inc. now owns 2,148 shares of the company’s stock valued at $175,000 after buying an additional 1,367 shares in the last quarter. Bank of Montreal Can acquired a new position in shares of Core-Mark Holding during the second quarter worth about $147,000. Aperio Group LLC boosted its position in shares of Core-Mark Holding by 36.7% in the first quarter. Aperio Group LLC now owns 3,647 shares of the company’s stock worth $297,000 after buying an additional 980 shares during the period. Finally, Virginia Retirement System acquired a new position in shares of Core-Mark Holding during the first quarter worth about $343,000. 96.48% of the stock is owned by hedge funds and other institutional investors.
Core-Mark Holding Co. (NASDAQ:CORE) traded up 1.57% during mid-day trading on Wednesday, reaching $34.85. 76,724 shares of the company’s stock were exchanged. Core-Mark Holding Co. has a one year low of $34.14 and a one year high of $50.00. The company’s 50-day moving average is $37.37 and its 200 day moving average is $42.27. The firm has a market capitalization of $1.61 billion, a P/E ratio of 29.66 and a beta of 0.64.
Core-Mark Holding (NASDAQ:CORE) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.38 by $0.03. Core-Mark Holding had a net margin of 0.44% and a return on equity of 12.18%. The firm had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.50 billion. During the same quarter last year, the firm earned $0.33 EPS. The company’s revenue was up 31.2% on a year-over-year basis. Equities analysts predict that Core-Mark Holding Co. will post $1.41 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date was Monday, August 22nd. Core-Mark Holding’s dividend payout ratio (DPR) is 27.35%.
A number of brokerages recently issued reports on CORE. Zacks Investment Research cut shares of Core-Mark Holding from a “buy” rating to a “hold” rating in a research report on Wednesday, August 31st. Jefferies Group cut shares of Core-Mark Holding from a “buy” rating to a “hold” rating and set a $33.00 price target for the company. in a research report on Friday, September 30th. Finally, Raymond James Financial Inc. lowered their price target on shares of Core-Mark Holding from $51.00 to $46.00 and set an “outperform” rating for the company in a research report on Tuesday, August 30th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $60.20.
In other news, SVP Scott E. Mcpherson sold 4,522 shares of the company’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $45.22, for a total value of $204,484.84. Following the transaction, the senior vice president now directly owns 155,244 shares in the company, valued at $7,020,133.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Scott E. Mcpherson sold 5,478 shares of the company’s stock in a transaction dated Monday, August 22nd. The stock was sold at an average price of $45.07, for a total transaction of $246,893.46. Following the completion of the transaction, the senior vice president now owns 155,244 shares in the company, valued at $6,996,847.08. The disclosure for this sale can be found here. 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 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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