Shares of Core-Mark Holding Co. (NASDAQ:CORE) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $50.00 and last traded at $48.62, with a volume of 107,411 shares traded. The stock had previously closed at $48.90.

CORE has been the subject of several recent research reports. Jefferies Group reiterated a “buy” rating and set a $96.00 price objective on shares of Core-Mark Holding in a report on Sunday, April 24th. Stephens reiterated a “buy” rating on shares of Core-Mark Holding in a report on Thursday, May 12th. Finally, Zacks Investment Research upgraded Core-Mark Holding from a “hold” rating to a “buy” rating and set a $96.00 price objective for the company in a report on Thursday, May 12th. Five investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $90.00.

The firm has a market cap of $2.25 billion and a PE ratio of 44.03. The company has a 50-day moving average of $46.83 and a 200-day moving average of $41.45.

Core-Mark Holding (NASDAQ:CORE) last released its earnings results on Tuesday, May 10th. The company reported $0.33 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.06. The business had revenue of $3.01 billion for the quarter, compared to analyst estimates of $2.92 billion. During the same period in the prior year, the firm posted $0.30 EPS. Core-Mark Holding’s revenue was up 22.8% on a year-over-year basis. On average, analysts anticipate that Core-Mark Holding Co. will post $1.39 EPS for the current fiscal year.

In other news, Director Harvey L. Tepner sold 1,035 shares of the business’s stock in a transaction 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 completion of the transaction, the director now owns 19,023 shares of the company’s stock, valued at approximately $1,655,001. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Congdon Stacy Loretz sold 3,400 shares of the business’s stock in a transaction on Wednesday, June 8th. The shares were 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 of the company’s stock, valued at approximately $5,693,413.33. The disclosure for this sale can be found here.

Several institutional investors have recently made changes to their positions in the stock. California Public Employees Retirement System raised its position in shares of Core-Mark Holding by 2.1% in the fourth quarter. California Public Employees Retirement System now owns 29,000 shares of the company’s stock valued at $2,376,000 after buying an additional 600 shares during the period. Rhumbline Advisers raised its position in shares of Core-Mark Holding by 2.7% in the fourth quarter. Rhumbline Advisers now owns 42,117 shares of the company’s stock valued at $3,451,000 after buying an additional 1,119 shares during the period. TD Asset Management Inc. raised its position in shares of Core-Mark Holding by 17.7% in the fourth quarter. TD Asset Management Inc. now owns 14,600 shares of the company’s stock valued at $1,196,000 after buying an additional 2,200 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Core-Mark Holding by 14.4% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 20,101 shares of the company’s stock valued at $1,647,000 after buying an additional 2,535 shares during the period. Finally, Nationwide Fund Advisors raised its position in shares of Core-Mark Holding by 29.3% in the fourth quarter. Nationwide Fund Advisors now owns 40,838 shares of the company’s stock valued at $3,346,000 after buying an additional 9,251 shares during the period.

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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