Core-Mark Holding Company, Inc. (NASDAQ:CORE) was upgraded by stock analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Tuesday.

Several other research firms have also recently weighed in on CORE. BidaskClub upgraded shares of Core-Mark Holding from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Raymond James Financial, Inc. restated an “outperform” rating on shares of Core-Mark Holding in a research report on Wednesday, May 10th. Zacks Investment Research upgraded shares of Core-Mark Holding from a “hold” rating to a “strong-buy” rating and set a $42.00 price objective on the stock in a research report on Friday. Jefferies Group LLC set a $35.00 price objective on shares of Core-Mark Holding and gave the company a “hold” rating in a research report on Monday, May 8th. Finally, Loop Capital began coverage on shares of Core-Mark Holding in a research report on Monday, May 15th. They set a “buy” rating and a $40.00 price objective on the stock. Three analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $41.00.

Core-Mark Holding (CORE) traded down 16.59% during mid-day trading on Tuesday, hitting $29.96. 1,199,594 shares of the company’s stock were exchanged. The stock’s 50 day moving average price is $34.92 and its 200-day moving average price is $34.16. The stock has a market cap of $1.39 billion, a PE ratio of 27.41 and a beta of 0.87. Core-Mark Holding has a 12 month low of $29.63 and a 12 month high of $48.27.

Core-Mark Holding (NASDAQ:CORE) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.21 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by $0.12. The company had revenue of $3.80 billion for the quarter, compared to analysts’ expectations of $3.96 billion. Core-Mark Holding had a net margin of 0.34% and a return on equity of 11.42%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. Equities analysts expect that Core-Mark Holding will post $1.48 EPS for the current fiscal year.

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In related news, VP William Stein sold 7,500 shares of the stock in a transaction on Friday, June 9th. The shares were sold at an average price of $35.91, for a total transaction of $269,325.00. Following the transaction, the vice president now owns 73,402 shares of the company’s stock, valued at approximately $2,635,865.82. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Thomas B. Perkins sold 12,000 shares of the stock in a transaction on Thursday, June 1st. The shares were sold at an average price of $34.20, for a total transaction of $410,400.00. Following the transaction, the insider now directly owns 190,666 shares in the company, valued at approximately $6,520,777.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 40,970 shares of company stock worth $1,435,622. Corporate insiders own 2.50% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. UBS Group AG raised its position in Core-Mark Holding by 30.6% in the first quarter. UBS Group AG now owns 3,423 shares of the business services provider’s stock valued at $107,000 after buying an additional 802 shares in the last quarter. Victory Capital Management Inc. raised its position in Core-Mark Holding by 65.1% in the first quarter. Victory Capital Management Inc. now owns 3,811 shares of the business services provider’s stock valued at $119,000 after buying an additional 1,503 shares in the last quarter. Quantbot Technologies LP raised its position in Core-Mark Holding by 550.9% in the first quarter. Quantbot Technologies LP now owns 3,821 shares of the business services provider’s stock valued at $119,000 after buying an additional 3,234 shares in the last quarter. Ameritas Investment Partners Inc. acquired a new position in Core-Mark Holding during the first quarter valued at approximately $123,000. Finally, State of Alaska Department of Revenue raised its position in Core-Mark Holding by 2.0% in the first quarter. State of Alaska Department of Revenue now owns 5,110 shares of the business services provider’s stock valued at $159,000 after buying an additional 100 shares in the last quarter. 98.27% of the stock is currently owned by institutional investors.

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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