Oak Ridge Investments LLC grew its stake in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 2.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 996,341 shares of the business services provider’s stock after purchasing an additional 19,170 shares during the quarter. Oak Ridge Investments LLC owned approximately 2.15% of Core-Mark Holding worth $32,939,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of CORE. Teachers Advisors LLC grew its holdings in shares of Core-Mark Holding by 7.8% during the fourth quarter. Teachers Advisors LLC now owns 79,026 shares of the business services provider’s stock valued at $3,404,000 after purchasing an additional 5,689 shares during the last quarter. Louisiana State Employees Retirement System grew its holdings in shares of Core-Mark Holding by 1.6% during the first quarter. Louisiana State Employees Retirement System now owns 18,900 shares of the business services provider’s stock valued at $589,000 after purchasing an additional 300 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Core-Mark Holding by 2.0% during the first quarter. State of Alaska Department of Revenue now owns 5,110 shares of the business services provider’s stock valued at $159,000 after purchasing an additional 100 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Core-Mark Holding by 3.5% during the first quarter. Russell Investments Group Ltd. now owns 310,314 shares of the business services provider’s stock valued at $9,679,000 after purchasing an additional 10,556 shares during the last quarter. Finally, BB&T Corp grew its holdings in shares of Core-Mark Holding by 2.5% during the first quarter. BB&T Corp now owns 12,233 shares of the business services provider’s stock valued at $381,000 after purchasing an additional 301 shares during the last quarter. 98.27% of the stock is owned by institutional investors.

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Core-Mark Holding Company, Inc. (NASDAQ:CORE) traded down 3.15% during trading on Friday, hitting $27.35. The stock had a trading volume of 186,780 shares. Core-Mark Holding Company, Inc. has a 52 week low of $26.08 and a 52 week high of $44.12. The stock has a 50-day moving average price of $30.67 and a 200-day moving average price of $32.79. The company has a market cap of $1.27 billion, a PE ratio of 30.73 and a beta of 0.94.

Core-Mark Holding (NASDAQ:CORE) last announced its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.32 by $0.11. The business had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.96 billion. Core-Mark Holding had a return on equity of 9.70% and a net margin of 0.27%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.39 EPS. Equities analysts predict that Core-Mark Holding Company, Inc. will post $1.23 EPS for the current 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 issued a dividend of $0.09 per share. This represents a $0.36 annualized dividend and a dividend yield of 1.32%. The ex-dividend date is Friday, August 25th. Core-Mark Holding’s payout ratio is 40.00%.

Core-Mark Holding announced that its board has authorized a stock buyback program on Monday, August 28th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the business services provider to reacquire up to 3.3% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Several equities analysts have recently commented on the company. Jefferies Group LLC lowered their target price on Core-Mark Holding from $38.00 to $34.00 and set a “hold” rating for the company in a report on Wednesday, August 9th. Raymond James Financial, Inc. set a $35.00 target price on Core-Mark Holding and gave the company a “buy” rating in a report on Wednesday, August 9th. BidaskClub lowered Core-Mark Holding from a “hold” rating to a “sell” rating in a report on Saturday, August 12th. ValuEngine lowered Core-Mark Holding from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Loop Capital reaffirmed a “buy” rating and set a $40.00 target price on shares of Core-Mark Holding in a report on Monday, July 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $40.00.

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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