Royce & Associates LP cut its stake in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 14.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 747,822 shares of the business services provider’s stock after selling 124,600 shares during the period. Royce & Associates LP owned about 1.61% of Core-Mark Holding Company worth $23,325,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also modified their holdings of CORE. A.R.T. Advisors LLC increased its position in shares of Core-Mark Holding Company by 243.9% in the fourth quarter. A.R.T. Advisors LLC now owns 39,200 shares of the business services provider’s stock valued at $1,688,000 after buying an additional 27,800 shares during the period. Nicholas Co. Inc. WI boosted its stake in shares of Core-Mark Holding Company by 29.4% in the fourth quarter. Nicholas Co. Inc. WI now owns 92,200 shares of the business services provider’s stock valued at $3,971,000 after buying an additional 20,935 shares in the last quarter. Axiom International Investors LLC DE boosted its stake in shares of Core-Mark Holding Company by 73.4% in the fourth quarter. Axiom International Investors LLC DE now owns 49,685 shares of the business services provider’s stock valued at $2,140,000 after buying an additional 21,029 shares in the last quarter. Brown Advisory Inc. boosted its stake in shares of Core-Mark Holding Company by 40.4% in the fourth quarter. Brown Advisory Inc. now owns 1,708,010 shares of the business services provider’s stock valued at $73,563,000 after buying an additional 491,077 shares in the last quarter. Finally, Cortina Asset Management LLC boosted its stake in shares of Core-Mark Holding Company by 30.1% in the fourth quarter. Cortina Asset Management LLC now owns 498,967 shares of the business services provider’s stock valued at $21,491,000 after buying an additional 115,402 shares in the last quarter. Institutional investors own 98.46% of the company’s stock.

Institutional Ownership by Quarter for Core-Mark Holding Company (NASDAQ:CORE)

Core-Mark Holding Company, Inc. (NASDAQ:CORE) opened at 32.64 on Thursday. The stock has a 50 day moving average of $35.02 and a 200 day moving average of $35.49. Core-Mark Holding Company, Inc. has a 12-month low of $30.00 and a 12-month high of $50.00. The company has a market capitalization of $1.51 billion, a PE ratio of 29.86 and a beta of 0.89.

Core-Mark Holding Company (NASDAQ:CORE) last announced its earnings results on Tuesday, May 9th. The business services provider reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.08. Core-Mark Holding Company had a return on equity of 11.42% and a net margin of 0.34%. The company had revenue of $3.50 billion during the quarter, compared to the consensus estimate of $3.39 billion. During the same period in the prior year, the firm posted $0.17 earnings per share. The company’s revenue was up 16.4% on a year-over-year basis. On average, equities research analysts predict that Core-Mark Holding Company, Inc. will post $1.44 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Shareholders of record on Thursday, May 25th will be paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.10%. The ex-dividend date is Tuesday, May 23rd. Core-Mark Holding Company’s dividend payout ratio is presently 32.73%.

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A number of brokerages recently weighed in on CORE. Loop Capital assumed coverage on shares of Core-Mark Holding Company in a research report on Monday, May 15th. They set a “buy” rating and a $40.00 price target for the company. Zacks Investment Research cut shares of Core-Mark Holding Company from a “hold” rating to a “sell” rating in a research report on Thursday, May 11th. Raymond James Financial, Inc. reissued an “outperform” rating on shares of Core-Mark Holding Company in a research report on Wednesday, May 10th. Jefferies Group LLC set a $35.00 target price on shares of Core-Mark Holding Company and gave the company a “hold” rating in a research note on Monday, May 8th. Finally, TheStreet lowered shares of Core-Mark Holding Company from a “b” rating to a “c+” rating in a research note on Wednesday, March 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $42.20.

In other news, insider Eric Rolheiser sold 11,470 shares of Core-Mark Holding Company stock in a transaction that occurred on Tuesday, June 6th. The shares were sold at an average price of $35.10, for a total transaction of $402,597.00. Following the completion of the sale, the insider now owns 5,016 shares in the company, valued at approximately $176,061.60. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Thomas B. Perkins sold 12,000 shares of Core-Mark Holding Company stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $34.20, for a total transaction of $410,400.00. Following the sale, the insider now owns 190,666 shares of the company’s stock, valued at approximately $6,520,777.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 40,970 shares of company stock valued at $1,435,622. Insiders own 2.50% of the company’s stock.

Core-Mark Holding Company Company Profile

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. As of December 31, 2016, the Company offered services to over 43,000 customer locations across the United States and Canada through 30 distribution centers.

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