Legal & General Group Plc lifted its stake in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 6.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,887 shares of the business services provider’s stock after acquiring an additional 7,358 shares during the period. Legal & General Group Plc owned approximately 0.28% of Core-Mark Holding worth $4,292,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of CORE. Russell Investments Group Ltd. increased its position in shares of Core-Mark Holding by 3.5% during the first quarter. Russell Investments Group Ltd. now owns 310,314 shares of the business services provider’s stock worth $9,679,000 after acquiring an additional 10,556 shares in the last quarter. Great West Life Assurance Co. Can increased its position in shares of Core-Mark Holding by 7.5% during 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 acquiring an additional 4,574 shares in the last quarter. Comerica Bank increased its position in shares of Core-Mark Holding by 3.8% during the first quarter. Comerica Bank now owns 46,058 shares of the business services provider’s stock worth $1,640,000 after acquiring an additional 1,681 shares in the last quarter. Swiss National Bank increased its position in shares of Core-Mark Holding by 1.7% during the first quarter. Swiss National Bank now owns 76,200 shares of the business services provider’s stock worth $2,377,000 after acquiring an additional 1,300 shares in the last quarter. Finally, UBS Asset Management Americas Inc. increased its position in shares of Core-Mark Holding by 22.4% during the first quarter. UBS Asset Management Americas Inc. now owns 22,863 shares of the business services provider’s stock worth $713,000 after acquiring an additional 4,177 shares in the last quarter. 98.27% of the stock is owned by institutional investors.

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Core-Mark Holding Company, Inc. (CORE) opened at 27.97 on Wednesday. Core-Mark Holding Company, Inc. has a 52-week low of $26.08 and a 52-week high of $44.12. The company has a 50-day moving average of $30.41 and a 200-day moving average of $32.74. The company has a market cap of $1.30 billion, a P/E ratio of 31.43 and a beta of 0.94.

Core-Mark Holding (NASDAQ:CORE) last issued its quarterly earnings results on Tuesday, August 8th. The business services provider reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.11). Core-Mark Holding had a return on equity of 9.70% and a net margin of 0.27%. The business had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the prior year, the company earned $0.39 EPS. The company’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, equities research analysts expect that Core-Mark Holding Company, Inc. will post $1.23 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 29th will be paid a dividend of $0.09 per share. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.29%. The ex-dividend date is Friday, August 25th. Core-Mark Holding’s dividend payout ratio is presently 40.00%.

Core-Mark Holding declared that its Board of Directors has authorized a stock repurchase program on Monday, August 28th that permits the company to repurchase $40.00 million in outstanding shares. This repurchase authorization permits the business services provider to purchase up to 3.3% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s management believes its stock is undervalued.

Several brokerages have recently issued reports on CORE. ValuEngine downgraded shares of Core-Mark Holding from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. BidaskClub raised shares of Core-Mark Holding from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Zacks Investment Research raised shares of Core-Mark Holding from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a research report on Friday, August 4th. Jefferies Group LLC reaffirmed a “hold” rating on shares of Core-Mark Holding in a research report on Friday, June 23rd. Finally, Loop Capital reaffirmed a “buy” rating and issued a $40.00 target price on shares of Core-Mark Holding in a research report on Monday, July 10th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Core-Mark Holding presently has a consensus rating of “Hold” and a consensus price target of $40.00.

Core-Mark Holding 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.

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

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