Victory Capital Management Inc. raised its position in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 6,293.3% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,334,925 shares of the business services provider’s stock after acquiring an additional 1,314,045 shares during the period. Victory Capital Management Inc. owned approximately 2.91% of Core-Mark worth $45,334,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of CORE. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new position in Core-Mark during the second quarter valued at $222,000. Howard Capital Management bought a new position in shares of Core-Mark in the third quarter worth about $280,000. Skylands Capital LLC grew 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 worth $284,000 after purchasing an additional 11,300 shares during the last quarter. Capital Fund Management S.A. bought a new position in shares of Core-Mark in the second quarter worth about $286,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in shares of Core-Mark in the second quarter worth about $382,000. Institutional investors and hedge funds own 93.91% of the company’s stock.
NASDAQ CORE opened at $29.00 on Friday. The company has a current ratio of 1.99, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $1.36 billion, a PE ratio of 29.00, a P/E/G ratio of 1.68 and a beta of 0.57. Core-Mark Holding Company, Inc. has a 12 month low of $17.10 and a 12 month high of $40.12.
Core-Mark (NASDAQ:CORE) last issued its earnings results on Tuesday, November 6th. The business services provider reported $0.63 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.17. Core-Mark had a net margin of 0.27% and a return on equity of 11.58%. The company had revenue of $4.27 billion for the quarter, compared to analysts’ expectations of $4.46 billion. During the same period in the prior year, the business earned $0.37 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. As a group, equities research analysts anticipate that Core-Mark Holding Company, Inc. will post 1.36 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 14th. Shareholders of record on Tuesday, November 20th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 1.52%. This is a boost from Core-Mark’s previous quarterly dividend of $0.10. The ex-dividend date of this dividend is Monday, November 19th. Core-Mark’s dividend payout ratio is presently 40.00%.
In other Core-Mark news, VP Christopher Hobson sold 5,812 shares of the stock in a transaction dated Thursday, November 8th. The shares were sold at an average price of $30.73, for a total transaction of $178,602.76. Following the transaction, the vice president now directly owns 55,355 shares in the company, valued at approximately $1,701,059.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.
A number of research firms have recently commented on CORE. Zacks Investment Research upgraded shares of Core-Mark from a “hold” rating to a “strong-buy” rating and set a $34.00 price target on the stock in a report on Thursday. BidaskClub cut shares of Core-Mark from a “strong-buy” rating to a “buy” rating in a report on Thursday. BMO Capital Markets restated a “hold” rating and issued a $30.00 price target (up from $21.00) on shares of Core-Mark in a report on Wednesday, August 8th. ValuEngine upgraded shares of Core-Mark from a “strong sell” rating to a “sell” rating in a report on Friday, August 3rd. Finally, TheStreet upgraded shares of Core-Mark from a “c” rating to a “b-” rating in a report on Friday, August 10th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $33.67.
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Core-Mark Company Profile
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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