Prudential Financial Inc. decreased its position in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 20.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 79,878 shares of the business services provider’s stock after selling 19,910 shares during the period. Prudential Financial Inc. owned approximately 0.17% of Core-Mark Holding worth $2,491,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Comerica Bank boosted its position in Core-Mark Holding by 6.3% in the fourth quarter. Comerica Bank now owns 44,377 shares of the business services provider’s stock worth $1,904,000 after buying an additional 2,643 shares in the last quarter. State Street Corp boosted its position in Core-Mark Holding by 10.2% in the fourth quarter. State Street Corp now owns 1,000,892 shares of the business services provider’s stock worth $43,108,000 after buying an additional 92,637 shares in the last quarter. Guggenheim Capital LLC boosted its position in Core-Mark Holding by 917.3% in the fourth quarter. Guggenheim Capital LLC now owns 57,760 shares of the business services provider’s stock worth $2,488,000 after buying an additional 52,082 shares in the last quarter. AQR Capital Management LLC boosted its position in Core-Mark Holding by 3.7% in the fourth quarter. AQR Capital Management LLC now owns 52,407 shares of the business services provider’s stock worth $2,257,000 after buying an additional 1,873 shares in the last quarter. Finally, Norges Bank bought a new position in Core-Mark Holding during the fourth quarter worth approximately $10,768,000. 98.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of Core-Mark Holding Company, Inc. (CORE) traded down 2.03% during midday trading on Friday, reaching $35.77. 218,024 shares of the company’s stock traded hands. The company has a 50-day moving average of $34.87 and a 200-day moving average of $34.11. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 32.73 and a beta of 0.87. Core-Mark Holding Company, Inc. has a one year low of $30.00 and a one year high of $48.27.

Core-Mark Holding (NASDAQ:CORE) last released its earnings results on Tuesday, May 9th. The business services provider reported $0.11 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.19 by $0.08. The company had revenue of $3.50 billion during the quarter, compared to analyst estimates of $3.39 billion. Core-Mark Holding had a net margin of 0.34% and a return on equity of 11.42%. The company’s revenue for the quarter was up 16.4% on a year-over-year basis. During the same period in the previous year, the firm posted $0.17 EPS. Equities research analysts anticipate that Core-Mark Holding Company, Inc. will post $1.49 EPS for the current year.

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CORE has been the subject of a number of research reports. Loop Capital reaffirmed a “buy” rating and issued a $40.00 price objective on shares of Core-Mark Holding in a research note on Monday, July 10th. Jefferies Group LLC set a $35.00 price objective on shares of Core-Mark Holding and gave the company a “hold” rating in a research note on Monday, May 8th. Zacks Investment Research raised shares of Core-Mark Holding from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub raised shares of Core-Mark Holding from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Raymond James Financial, Inc. reaffirmed an “outperform” rating on shares of Core-Mark Holding in a research note on Wednesday, May 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $42.20.

In other news, VP William Stein sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $35.91, for a total value of $269,325.00. Following the transaction, the vice president now owns 73,402 shares of the company’s stock, valued at $2,635,865.82. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Thomas B. Perkins sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, June 1st. The shares were sold at an average price of $34.20, for a total value of $410,400.00. Following the completion of the transaction, the insider now directly owns 190,666 shares in the company, valued at approximately $6,520,777.20. The disclosure for this sale can be found here. In the last three months, insiders sold 40,970 shares of company stock worth $1,435,622. Corporate 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. 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.

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

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