New York State Teachers Retirement System trimmed its holdings in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 3.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 18,624 shares of the business services provider’s stock after selling 734 shares during the period. New York State Teachers Retirement System’s holdings in Core-Mark were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the business. Swiss National Bank grew its stake in Core-Mark by 0.7% in the first quarter. Swiss National Bank now owns 88,300 shares of the business services provider’s stock valued at $2,523,000 after acquiring an additional 600 shares during the period. PNC Financial Services Group Inc. grew its stake in Core-Mark by 23.3% in the first quarter. PNC Financial Services Group Inc. now owns 3,256 shares of the business services provider’s stock valued at $92,000 after acquiring an additional 616 shares during the period. Advisor Group Inc. grew its stake in Core-Mark by 23.6% in the fourth quarter. Advisor Group Inc. now owns 3,751 shares of the business services provider’s stock valued at $102,000 after acquiring an additional 716 shares during the period. WASHINGTON TRUST Co acquired a new position in Core-Mark in the first quarter valued at about $29,000. Finally, Investors Research Corp boosted its position in shares of Core-Mark by 100.0% during the second quarter. Investors Research Corp now owns 2,800 shares of the business services provider’s stock worth $75,000 after buying an additional 1,400 shares during the period. 91.91% of the stock is owned by hedge funds and other institutional investors.
Shares of NASDAQ CORE opened at $26.52 on Friday. The stock has a 50 day moving average price of $25.17 and a 200 day moving average price of $25.68. Core-Mark Holding Company, Inc. has a 52 week low of $20.93 and a 52 week high of $38.44. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.79 and a current ratio of 1.80. The stock has a market capitalization of $1.20 billion, a PE ratio of 20.24 and a beta of 0.22.
Core-Mark (NASDAQ:CORE) last issued its quarterly earnings results on Thursday, May 7th. The business services provider reported $0.22 EPS for the quarter, beating the consensus estimate of $0.15 by $0.07. Core-Mark had a return on equity of 13.94% and a net margin of 0.36%. The firm had revenue of $3.94 billion during the quarter, compared to analysts’ expectations of $3.83 billion. During the same period in the prior year, the firm posted $0.14 earnings per share. The business’s quarterly revenue was up 4.9% compared to the same quarter last year. As a group, research analysts forecast that Core-Mark Holding Company, Inc. will post 1.46 EPS for the current year.
Several research analysts have recently weighed in on CORE shares. BidaskClub cut Core-Mark from a “hold” rating to a “sell” rating in a research report on Tuesday, June 23rd. Zacks Investment Research raised Core-Mark from a “hold” rating to a “strong-buy” rating and set a $28.00 price objective for the company in a research report on Wednesday, July 8th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $31.20.
Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes food products, including fast food, candies, snacks, and groceries, as well as beverages and fresh products, such as sandwiches, juices, salads, produce, dairy, and bread; and non-food products comprising cigars, tobacco, alternative nicotine products, health and beauty care products, and general merchandise and equipment.
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