State Board of Administration of Florida Retirement System Has $958,000 Stake in Core-Mark Holding Company, Inc. (CORE)

State Board of Administration of Florida Retirement System continued to hold its position in Core-Mark Holding Company, Inc. (NASDAQ:CORE) during the first quarter, Holdings Channel reports. The fund owned 30,722 shares of the business services provider’s stock at the end of the first quarter. State Board of Administration of Florida Retirement System owned 0.07% of Core-Mark Holding Company worth $958,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eqis Capital Management Inc. raised its position in Core-Mark Holding Company by 77.6% in the first quarter. Eqis Capital Management Inc. now owns 9,239 shares of the business services provider’s stock worth $288,000 after buying an additional 4,036 shares during the period. Great West Life Assurance Co. Can raised its position in Core-Mark Holding Company by 7.5% in the first quarter. Great West Life Assurance Co. Can now owns 65,327 shares of the business services provider’s stock worth $2,036,000 after buying an additional 4,574 shares during the period. BB&T Corp raised its position in Core-Mark Holding Company by 2.5% in the first quarter. BB&T Corp now owns 12,233 shares of the business services provider’s stock worth $381,000 after buying an additional 301 shares during the period. Russell Investments Group Ltd. raised its position in Core-Mark Holding Company by 3.5% in the first quarter. Russell Investments Group Ltd. now owns 310,314 shares of the business services provider’s stock worth $9,679,000 after buying an additional 10,556 shares during the period. Finally, State of New Jersey Common Pension Fund D raised its position in Core-Mark Holding Company by 4.9% in the first quarter. State of New Jersey Common Pension Fund D now owns 860,000 shares of the business services provider’s stock worth $26,823,000 after buying an additional 40,000 shares during the period. Hedge funds and other institutional investors own 98.46% of the company’s stock.

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

Shares of Core-Mark Holding Company, Inc. (CORE) opened at 34.40 on Friday. The firm’s 50-day moving average price is $35.10 and its 200-day moving average price is $35.53. Core-Mark Holding Company, Inc. has a one year low of $30.00 and a one year high of $50.00. The stock has a market capitalization of $1.59 billion, a P/E ratio of 31.47 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 consensus estimate of $0.19 by $0.08. The business had revenue of $3.50 billion for the quarter, compared to analyst estimates of $3.39 billion. Core-Mark Holding Company had a net margin of 0.34% and a return on equity of 11.42%. The firm’s revenue was up 16.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.17 earnings per share. Equities research analysts anticipate that Core-Mark Holding Company, Inc. will post $1.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 22nd. Stockholders of record on Thursday, May 25th will be paid a dividend of $0.09 per share. The ex-dividend date is Tuesday, May 23rd. This represents a $0.36 annualized dividend and a dividend yield of 1.05%. Core-Mark Holding Company’s dividend payout ratio is presently 32.73%.

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

In other news, insider Thomas B. Perkins sold 12,000 shares of the firm’s stock in a transaction dated Thursday, June 1st. The stock was 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 in the company, valued at $6,520,777.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP William Stein sold 7,500 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $35.91, for a total value of $269,325.00. Following the sale, the vice president now owns 73,402 shares of the company’s stock, valued at $2,635,865.82. The disclosure for this sale can be found here. Insiders have sold 40,970 shares of company stock valued at $1,435,622 over the last 90 days. Insiders own 2.40% 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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