Jennison Associates LLC trimmed its holdings in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 88.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 54,989 shares of the business services provider’s stock after selling 437,405 shares during the period. Jennison Associates LLC’s holdings in Core-Mark were worth $1,737,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in CORE. FMR LLC purchased a new position in shares of Core-Mark during the second quarter valued at approximately $17,929,000. Frontier Capital Management Co. LLC purchased a new position in shares of Core-Mark during the fourth quarter valued at approximately $5,143,000. Russell Investments Group Ltd. lifted its holdings in shares of Core-Mark by 37.5% during the third quarter. Russell Investments Group Ltd. now owns 482,842 shares of the business services provider’s stock valued at $15,518,000 after purchasing an additional 131,758 shares during the last quarter. Royce & Associates LP lifted its holdings in shares of Core-Mark by 18.4% during the third quarter. Royce & Associates LP now owns 804,522 shares of the business services provider’s stock valued at $25,857,000 after purchasing an additional 125,000 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Core-Mark by 1.8% during the second quarter. Vanguard Group Inc. now owns 4,075,508 shares of the business services provider’s stock valued at $134,736,000 after purchasing an additional 71,715 shares during the last quarter.

Core-Mark Holding Company, Inc. (NASDAQ:CORE) opened at $20.92 on Monday. Core-Mark Holding Company, Inc. has a 1-year low of $20.56 and a 1-year high of $38.37. The firm has a market cap of $966.33, a P/E ratio of 18.35, a P/E/G ratio of 1.55 and a beta of 0.58. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.16 and a quick ratio of 1.12.

Core-Mark (NASDAQ:CORE) last announced its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.37 earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.04). Core-Mark had a return on equity of 9.90% and a net margin of 0.27%. The firm had revenue of $4.31 billion during the quarter, compared to analysts’ expectations of $4.29 billion. analysts anticipate that Core-Mark Holding Company, Inc. will post 0.97 earnings per share for the current year.

CORE has been the subject of a number of recent analyst reports. BidaskClub lowered shares of Core-Mark from a “sell” rating to a “strong sell” rating in a report on Wednesday, January 31st. BMO Capital Markets restated a “hold” rating and issued a $26.00 price objective on shares of Core-Mark in a report on Wednesday, January 10th. Zacks Investment Research upgraded shares of Core-Mark from a “strong sell” rating to a “hold” rating in a report on Tuesday, October 10th. UBS Group upgraded shares of Core-Mark from an “outperform” rating to a “strong-buy” rating in a report on Friday, January 5th. Finally, Stephens lowered shares of Core-Mark from an “overweight” rating to an “equal weight” rating in a report on Friday, January 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Core-Mark currently has a consensus rating of “Hold” and a consensus target price of $30.50.

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About Core-Mark

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 (NASDAQ:CORE)

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