Macquarie Group Ltd. Boosts Holdings in Core-Mark Holding Company, Inc. (CORE)
Macquarie Group Ltd. raised its stake in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 0.2% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,033,966 shares of the business services provider’s stock after buying an additional 2,161 shares during the period. Macquarie Group Ltd. owned approximately 2.25% of Core-Mark worth $23,471,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in shares of Core-Mark in the second quarter valued at $222,000. Cubist Systematic Strategies LLC bought a new position in shares of Core-Mark in the first quarter valued at $249,000. Aperio Group LLC increased its holdings in shares of Core-Mark by 63.1% in the first quarter. Aperio Group LLC now owns 12,868 shares of the business services provider’s stock valued at $274,000 after buying an additional 4,979 shares in the last quarter. Skylands Capital LLC increased its holdings in shares of Core-Mark by 941.7% in the second quarter. Skylands Capital LLC now owns 12,500 shares of the business services provider’s stock valued at $284,000 after buying an additional 11,300 shares in the last quarter. Finally, Capital Fund Management S.A. bought a new position in shares of Core-Mark in the second quarter valued at $286,000. 95.33% of the stock is currently owned by institutional investors.
Shares of NASDAQ:CORE opened at $34.15 on Wednesday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 1.14 and a current ratio of 1.92. Core-Mark Holding Company, Inc. has a 12-month low of $17.10 and a 12-month high of $38.16. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 34.15, a PEG ratio of 2.08 and a beta of 0.83.
The company also recently announced a quarterly dividend, which was paid on Friday, September 14th. Shareholders of record on Tuesday, August 28th were paid a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.17%. The ex-dividend date was Monday, August 27th. Core-Mark’s dividend payout ratio (DPR) is currently 40.00%.
CORE has been the topic of several research reports. Stephens raised Core-Mark from an “equal weight” rating to an “overweight” rating and set a $35.00 price target on the stock in a report on Wednesday, August 8th. ValuEngine raised shares of Core-Mark from a “hold” rating to a “buy” rating in a research note on Tuesday, August 14th. Raymond James downgraded shares of Core-Mark from a “strong-buy” rating to an “outperform” rating and boosted their target price for the company from $33.00 to $40.00 in a research note on Friday, September 7th. BidaskClub raised shares of Core-Mark from a “buy” rating to a “strong-buy” rating in a research note on Thursday, August 9th. Finally, Loop Capital boosted their target price on shares of Core-Mark to $41.00 and gave the company a “buy” rating in a research note on Friday, September 7th. Four research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $34.33.
Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.
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