Royce & Associates LP reduced its stake in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 9.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 679,522 shares of the business services provider’s stock after selling 68,300 shares during the period. Royce & Associates LP owned approximately 1.47% of Core-Mark Holding worth $22,465,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Core-Mark Holding by 120,507.9% in the first quarter. BlackRock Inc. now owns 5,661,333 shares of the business services provider’s stock valued at $176,579,000 after buying an additional 5,656,639 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Core-Mark Holding by 5.5% in the first quarter. Vanguard Group Inc. now owns 4,003,793 shares of the business services provider’s stock valued at $124,879,000 after buying an additional 208,935 shares in the last quarter. Clearbridge Investments LLC raised its position in shares of Core-Mark Holding by 61.2% in the first quarter. Clearbridge Investments LLC now owns 3,643,365 shares of the business services provider’s stock valued at $113,637,000 after buying an additional 1,383,365 shares in the last quarter. Aberdeen Asset Management PLC UK raised its position in shares of Core-Mark Holding by 23.9% in the first quarter. Aberdeen Asset Management PLC UK now owns 1,594,820 shares of the business services provider’s stock valued at $49,742,000 after buying an additional 307,765 shares in the last quarter. Finally, State Street Corp raised its position in shares of Core-Mark Holding by 5.3% in the first quarter. State Street Corp now owns 1,054,214 shares of the business services provider’s stock valued at $32,881,000 after buying an additional 53,322 shares in the last quarter. 98.27% of the stock is owned by hedge funds and other institutional investors.

Core-Mark Holding Company, Inc. (CORE) opened at 26.40 on Tuesday. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 29.66 and a beta of 0.87. Core-Mark Holding Company, Inc. has a 52-week low of $26.08 and a 52-week high of $45.57. The company’s 50-day moving average price is $32.82 and its 200-day moving average price is $33.16.

Core-Mark Holding (NASDAQ:CORE) last released its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.11. The firm had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Core-Mark Holding had a return on equity of 9.70% and a net margin of 0.27%. Core-Mark Holding’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period last year, the firm posted $0.39 earnings per share. Equities research analysts expect that Core-Mark Holding Company, Inc. will post $1.23 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Tuesday, August 29th will be given a dividend of $0.09 per share. The ex-dividend date is Friday, August 25th. This represents a $0.36 annualized dividend and a dividend yield of 1.36%. Core-Mark Holding’s dividend payout ratio (DPR) is currently 40.00%.

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Several research analysts have recently issued reports on CORE shares. BidaskClub lowered Core-Mark Holding from a “hold” rating to a “sell” rating in a research report on Saturday, August 12th. Zacks Investment Research lowered Core-Mark Holding from a “strong-buy” rating to a “hold” rating in a research report on Thursday, August 10th. Jefferies Group LLC set a $35.00 target price on Core-Mark Holding and gave the stock a “hold” rating in a research report on Monday, May 8th. Loop Capital started coverage on Core-Mark Holding in a research report on Monday, May 15th. They issued a “buy” rating and a $40.00 target price for the company. Finally, Raymond James Financial, Inc. reissued an “outperform” rating on shares of Core-Mark Holding in a research report on Wednesday, May 10th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the company’s stock. Core-Mark Holding has an average rating of “Hold” and a consensus price target of $40.00.

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

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

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