Brown Advisory Inc. Cuts Stake in Core-Mark Holding Company, Inc. (CORE)
Brown Advisory Inc. decreased its position in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 20.7% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,832,080 shares of the business services provider’s stock after selling 478,179 shares during the quarter. Brown Advisory Inc. owned approximately 3.97% of Core-Mark worth $41,588,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of CORE. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Core-Mark during the 2nd quarter worth $222,000. Cubist Systematic Strategies LLC bought a new position in shares of Core-Mark during the 1st quarter worth $249,000. Aperio Group LLC grew its stake in shares of Core-Mark by 63.1% during the 1st quarter. Aperio Group LLC now owns 12,868 shares of the business services provider’s stock worth $274,000 after acquiring an additional 4,979 shares during the period. Skylands Capital LLC grew its stake in shares of Core-Mark by 941.7% during the 2nd quarter. Skylands Capital LLC now owns 12,500 shares of the business services provider’s stock worth $284,000 after acquiring an additional 11,300 shares during the period. Finally, Barclays PLC grew its stake in shares of Core-Mark by 47.0% during the 1st quarter. Barclays PLC now owns 14,285 shares of the business services provider’s stock worth $303,000 after acquiring an additional 4,569 shares during the period. Institutional investors own 95.41% of the company’s stock.
In other Core-Mark news, Director Laura Jean Flanagan purchased 1,930 shares of the stock in a transaction on Thursday, June 14th. The shares were purchased at an average price of $20.61 per share, with a total value of $39,777.30. Following the acquisition, the director now directly owns 8,147 shares in the company, valued at approximately $167,909.67. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.00% of the company’s stock.
Shares of CORE opened at $34.47 on Wednesday. The stock has a market cap of $1.63 billion, a P/E ratio of 34.47, a P/E/G ratio of 2.25 and a beta of 0.63. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.14 and a current ratio of 1.92. Core-Mark Holding Company, Inc. has a 52-week low of $17.10 and a 52-week high of $35.89.
Core-Mark (NASDAQ:CORE) last issued its quarterly earnings data on Tuesday, August 7th. The business services provider reported $0.35 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.30 by $0.05. The business had revenue of $4.23 billion for the quarter, compared to analysts’ expectations of $4.14 billion. Core-Mark had a return on equity of 9.56% and a net margin of 0.21%. research analysts expect that Core-Mark Holding Company, Inc. will post 1.22 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 14th. Shareholders of record on Tuesday, August 28th will be issued a $0.10 dividend. The ex-dividend date is Monday, August 27th. This represents a $0.40 annualized dividend and a dividend yield of 1.16%. Core-Mark’s payout ratio is currently 40.00%.
Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.
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