Nisa Investment Advisors LLC boosted its stake in Core-Mark Holding Co. (NASDAQ:CORE) by 100.0% during the second quarter, Holdings Channel reports. The fund owned 13,600 shares of the company’s stock after buying an additional 6,800 shares during the period. Nisa Investment Advisors LLC’s holdings in Core-Mark Holding were worth $637,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Independent Portfolio Consultants Inc. increased its stake in shares of Core-Mark Holding by 12.5% in the first quarter. Independent Portfolio Consultants Inc. now owns 3,340 shares of the company’s stock valued at $272,000 after buying an additional 370 shares during the period. Arizona State Retirement System increased its stake in shares of Core-Mark Holding by 3.5% in the first quarter. Arizona State Retirement System now owns 11,800 shares of the company’s stock valued at $962,000 after buying an additional 400 shares during the period. Aperio Group LLC increased its stake in shares of Core-Mark Holding by 36.7% in the first quarter. Aperio Group LLC now owns 3,647 shares of the company’s stock valued at $297,000 after buying an additional 980 shares during the period. BlackRock Inc. increased its stake in shares of Core-Mark Holding by 175.0% in the first quarter. BlackRock Inc. now owns 2,148 shares of the company’s stock valued at $175,000 after buying an additional 1,367 shares during the period. Finally, Springbok Capital Management LLC increased its stake in shares of Core-Mark Holding by 5,072.4% in the first quarter. Springbok Capital Management LLC now owns 1,500 shares of the company’s stock valued at $122,000 after buying an additional 1,471 shares during the period. 96.59% of the stock is currently owned by institutional investors.

Shares of Core-Mark Holding Co. (NASDAQ:CORE) traded down 0.58% during midday trading on Friday, reaching $35.88. 289,311 shares of the company were exchanged. Core-Mark Holding Co. has a 52-week low of $30.06 and a 52-week high of $50.00. The company’s 50-day moving average price is $43.39 and its 200 day moving average price is $42.70. The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of 30.54 and a beta of 0.77.

Core-Mark Holding (NASDAQ:CORE) last issued its quarterly earnings data on Tuesday, August 9th. The company reported $0.35 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by $0.03. Core-Mark Holding had a return on equity of 12.18% and a net margin of 0.44%. The firm earned $3.70 billion during the quarter, compared to analyst estimates of $3.50 billion. During the same quarter in the prior year, the firm earned $0.33 EPS. The business’s quarterly revenue was up 31.2% compared to the same quarter last year. On average, equities analysts predict that Core-Mark Holding Co. will post $1.41 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 24th were issued a $0.08 dividend. The ex-dividend date was Monday, August 22nd. This represents a $0.32 dividend on an annualized basis and a yield of 0.89%. Core-Mark Holding’s dividend payout ratio is currently 27.35%.

Several equities research analysts have recently weighed in on the stock. Zacks Investment Research downgraded shares of Core-Mark Holding from a “buy” rating to a “hold” rating in a research note on Wednesday, August 31st. Raymond James Financial Inc. decreased their target price on shares of Core-Mark Holding from $51.00 to $46.00 and set an “outperform” rating for the company in a research note on Tuesday, August 30th. Stephens reiterated a “buy” rating on shares of Core-Mark Holding in a research note on Monday, June 13th. Finally, Jefferies Group reiterated a “buy” rating on shares of Core-Mark Holding in a research note on Wednesday, June 8th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $72.80.

In other Core-Mark Holding news, SVP Scott E. Mcpherson sold 4,522 shares of the business’s stock in a transaction on Tuesday, August 23rd. The shares were sold at an average price of $45.22, for a total value of $204,484.84. Following the transaction, the senior vice president now owns 155,244 shares in the company, valued at approximately $7,020,133.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Scott E. Mcpherson sold 5,478 shares of the business’s stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $45.07, for a total transaction of $246,893.46. Following the completion of the transaction, the senior vice president now owns 155,244 shares in the company, valued at approximately $6,996,847.08. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.

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 to over 36,500 customer locations across the United States and Canada through over 30 distribution centers. The Company’s segments include the United States, Canada and Corporate.

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