Core-Mark Holding Company, Inc. (NASDAQ:CORE) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a note issued to investors on Saturday.

Several other research analysts have also issued reports on CORE. Jefferies Group LLC lowered their target price on Core-Mark Holding from $38.00 to $34.00 and set a “hold” rating for the company in a research report on Wednesday. ValuEngine raised Core-Mark Holding from a “sell” rating to a “hold” rating in a research report on Tuesday. Raymond James Financial, Inc. set a $35.00 target price on Core-Mark Holding and gave the stock a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered Core-Mark Holding from a “strong-buy” rating to a “hold” rating in a research report on Thursday. Finally, Loop Capital reaffirmed a “buy” rating and set a $40.00 target price on shares of Core-Mark Holding in a research report on Monday, July 10th. One analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $40.00.

Core-Mark Holding (NASDAQ:CORE) traded up 0.04% during midday trading on Friday, reaching $27.98. The company had a trading volume of 388,924 shares. The company has a market capitalization of $1.30 billion, a PE ratio of 31.44 and a beta of 0.87. The stock has a 50-day moving average price of $34.45 and a 200 day moving average price of $33.77. Core-Mark Holding has a 12-month low of $27.27 and a 12-month high of $45.70.

Core-Mark Holding (NASDAQ:CORE) last announced its earnings results on Tuesday, August 8th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.32 by $0.11. The company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.96 billion. Core-Mark Holding had a return on equity of 9.70% and a net margin of 0.27%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the prior year, the business earned $0.39 earnings per share. Equities analysts forecast that Core-Mark Holding will post $1.27 EPS for the current year.

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In other news, VP William Stein sold 7,500 shares of Core-Mark Holding stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $35.91, for a total value of $269,325.00. Following the completion of the transaction, the vice president now directly owns 73,402 shares of the company’s stock, valued at approximately $2,635,865.82. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Scott E. Mcpherson sold 10,000 shares of Core-Mark Holding stock in a transaction dated Friday, June 2nd. The stock was sold at an average price of $35.33, for a total value of $353,300.00. Following the completion of the transaction, the senior vice president now directly owns 144,651 shares of the company’s stock, valued at $5,110,519.83. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,970 shares of company stock valued at $1,435,622. Corporate insiders own 2.40% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of CORE. Navellier & Associates Inc raised its position in Core-Mark Holding by 9.1% in the first quarter. Navellier & Associates Inc now owns 15,452 shares of the business services provider’s stock valued at $482,000 after buying an additional 1,291 shares during the period. 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 during the period. State of New Jersey Common Pension Fund D raised its position in Core-Mark Holding by 4.9% in the first quarter. State of New Jersey Common Pension Fund D now owns 860,000 shares of the business services provider’s stock valued at $26,823,000 after buying an additional 40,000 shares during the period. Vanguard Group Inc. raised its position in Core-Mark Holding by 5.5% in the first quarter. Vanguard Group Inc. now owns 4,003,793 shares of the business services provider’s stock valued at $124,879,000 after buying an additional 208,935 shares during the period. Finally, Nicholas Company Inc. raised its position in Core-Mark Holding by 47.5% in the first quarter. Nicholas Company Inc. now owns 135,955 shares of the business services provider’s stock valued at $4,240,000 after buying an additional 43,755 shares during the period. 98.27% of the stock is owned by hedge funds and other institutional investors.

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. 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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