NGAM Advisors L.P. bought a new position in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) during the second quarter, according to its most recent disclosure with the SEC. The fund bought 112,285 shares of the business services provider’s stock, valued at approximately $3,712,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CORE. Comerica Bank raised its position in Core-Mark Holding by 3.8% in the first quarter. Comerica Bank now owns 46,058 shares of the business services provider’s stock worth $1,640,000 after buying an additional 1,681 shares during the period. Eqis Capital Management Inc. raised its position in Core-Mark Holding by 77.6% in the first quarter. Eqis Capital Management Inc. now owns 9,239 shares of the business services provider’s stock worth $288,000 after buying an additional 4,036 shares during the period. Great West Life Assurance Co. Can raised its position in Core-Mark Holding by 7.5% in the first quarter. Great West Life Assurance Co. Can now owns 65,327 shares of the business services provider’s stock worth $2,036,000 after buying an additional 4,574 shares during the period. BB&T Corp raised its position in Core-Mark Holding by 2.5% in the first quarter. BB&T Corp now owns 12,233 shares of the business services provider’s stock worth $381,000 after buying an additional 301 shares during the period. Finally, Russell Investments Group Ltd. raised its position in Core-Mark Holding by 3.5% in the first quarter. Russell Investments Group Ltd. now owns 310,314 shares of the business services provider’s stock worth $9,679,000 after buying an additional 10,556 shares during the period. Hedge funds and other institutional investors own 98.27% of the company’s stock.

Shares of Core-Mark Holding Company, Inc. (CORE) opened at 29.96 on Wednesday. Core-Mark Holding Company, Inc. has a 1-year low of $29.63 and a 1-year high of $48.27. The firm has a market capitalization of $1.39 billion, a PE ratio of 27.41 and a beta of 0.87. The firm has a 50-day moving average price of $34.92 and a 200-day moving average price of $34.16.

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

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A number of research analysts recently issued reports on the company. ValuEngine lowered Core-Mark Holding from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. BidaskClub upgraded Core-Mark Holding from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Raymond James Financial, Inc. reiterated an “outperform” rating on shares of Core-Mark Holding in a report on Wednesday, May 10th. Zacks Investment Research upgraded Core-Mark Holding from a “hold” rating to a “strong-buy” rating and set a $42.00 target price for the company in a report on Friday, August 4th. Finally, Jefferies Group LLC set a $35.00 target price on Core-Mark Holding and gave the company a “hold” rating in a report on Monday, May 8th. Three equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $41.00.

In other Core-Mark Holding news, SVP Scott E. Mcpherson sold 10,000 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were 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 approximately $5,110,519.83. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP William Stein sold 7,500 shares of the company’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $35.91, for a total transaction 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 $2,635,865.82. 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. 2.50% of the stock is currently owned by corporate insiders.

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.

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Institutional Ownership by Quarter for Core-Mark Holding (NASDAQ:CORE)

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