Core-Mark Holding Co. (CORE) Sets New 52-Week High at $50.00
Core-Mark Holding Co. (NASDAQ:CORE) shares reached a new 52-week high during trading on Monday . The company traded as high as $50.00 and last traded at $48.62, with a volume of 107,411 shares trading hands. The stock had previously closed at $48.90.
A number of research firms have commented on CORE. Stephens restated a “buy” rating on shares of Core-Mark Holding in a research note on Monday, June 13th. Jefferies Group restated a “buy” rating on shares of Core-Mark Holding in a research note on Wednesday, June 8th. Finally, Zacks Investment Research upgraded shares of Core-Mark Holding from a “hold” rating to a “buy” rating and set a $96.00 price objective on the stock in a research note on Thursday, May 12th. Five analysts have rated the stock with a buy rating, Core-Mark Holding has a consensus rating of “Buy” and an average target price of $90.00.
The stock has a 50-day moving average price of $46.52 and a 200 day moving average price of $41.28. The stock has a market cap of $2.25 billion and a price-to-earnings ratio of 43.94.
Core-Mark Holding (NASDAQ:CORE) last released its earnings results on Tuesday, May 10th. The company reported $0.33 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.06. The firm earned $3.01 billion during the quarter, compared to analysts’ expectations of $2.92 billion. The business’s revenue was up 22.8% on a year-over-year basis. During the same period last year, the business earned $0.30 earnings per share. Equities research analysts predict that Core-Mark Holding Co. will post $1.39 EPS for the current year.
In other news, Director Harvey L. Tepner sold 1,035 shares of Core-Mark Holding stock in a transaction that occurred on Friday, June 3rd. The shares were sold at an average price of $87.00, for a total value of $90,045.00. Following the transaction, the director now directly owns 19,023 shares of the company’s stock, valued at $1,655,001. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Congdon Stacy Loretz sold 3,400 shares of Core-Mark Holding stock in a transaction that occurred on Wednesday, June 8th. The stock was sold at an average price of $90.31, for a total transaction of $307,054.00. Following the completion of the transaction, the insider now directly owns 63,043 shares in the company, valued at $5,693,413.33. The disclosure for this sale can be found here.
Several hedge funds and institutional investors have recently added to or reduced their stakes in CORE. State of Tennessee Treasury Department purchased a new position in Core-Mark Holding during the fourth quarter valued at $1,475,000. Aberdeen Asset Management PLC UK boosted its stake in Core-Mark Holding by 17.3% in the fourth quarter. Aberdeen Asset Management PLC UK now owns 145,921 shares of the company’s stock valued at $11,453,000 after buying an additional 21,561 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Core-Mark Holding by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 155,806 shares of the company’s stock valued at $12,767,000 after buying an additional 10,580 shares in the last quarter. Cornerstone Capital Management Holdings LLC. boosted its stake in Core-Mark Holding by 271.9% in the fourth quarter. Cornerstone Capital Management Holdings LLC. now owns 31,610 shares of the company’s stock valued at $2,590,000 after buying an additional 23,110 shares in the last quarter. Finally, OppenheimerFunds Inc. bought a new stake in Core-Mark Holding during the fourth quarter valued at approximately $15,939,000.
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 to over 36,500 customer locations across the United States and Canada through over 30 distribution centers. The Company’s segments include the United States, Canada and Corporate.
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