TimesSquare Capital Management LLC increased its holdings in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 10.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 926,770 shares of the business services provider’s stock after acquiring an additional 89,625 shares during the quarter. TimesSquare Capital Management LLC owned about 2.00% of Core-Mark Holding worth $30,639,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Core-Mark Holding by 5.5% during the 1st quarter. Vanguard Group Inc. now owns 4,003,793 shares of the business services provider’s stock worth $124,879,000 after acquiring an additional 208,935 shares during the last quarter. Nicholas Company Inc. increased its holdings in shares of Core-Mark Holding by 47.5% during the 1st quarter. Nicholas Company Inc. now owns 135,955 shares of the business services provider’s stock worth $4,240,000 after acquiring an additional 43,755 shares during the last quarter. Wellington Management Group LLP increased its holdings in shares of Core-Mark Holding by 3.4% during the 1st quarter. Wellington Management Group LLP now owns 654,453 shares of the business services provider’s stock worth $20,412,000 after acquiring an additional 21,286 shares during the last quarter. Citadel Advisors LLC increased its holdings in shares of Core-Mark Holding by 13.2% during the 1st quarter. Citadel Advisors LLC now owns 180,557 shares of the business services provider’s stock worth $5,632,000 after acquiring an additional 21,059 shares during the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Core-Mark Holding by 65.1% during the 1st quarter. Victory Capital Management Inc. now owns 3,811 shares of the business services provider’s stock worth $119,000 after acquiring an additional 1,503 shares during the last quarter. 98.27% of the stock is currently owned by institutional investors and hedge funds.

Shares of Core-Mark Holding Company, Inc. (NASDAQ CORE) opened at 27.35 on Monday. The company has a market capitalization of $1.27 billion, a P/E ratio of 30.73 and a beta of 0.94. The company has a 50-day moving average price of $30.67 and a 200 day moving average price of $32.79. Core-Mark Holding Company, Inc. has a 1-year low of $26.08 and a 1-year high of $44.12.

Core-Mark Holding (NASDAQ:CORE) last released its earnings results on Tuesday, August 8th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by $0.11. Core-Mark Holding had a return on equity of 9.70% and a net margin of 0.27%. The firm had revenue of $3.80 billion during the quarter, compared to analysts’ expectations of $3.96 billion. During the same period in the prior year, the business earned $0.39 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. Equities research analysts anticipate that Core-Mark Holding Company, Inc. will post $1.23 EPS for the current year.

Core-Mark Holding announced that its board has initiated a share buyback program on Monday, August 28th that permits the company to repurchase $40.00 million in shares. This repurchase authorization permits the business services provider to purchase up to 3.3% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s board of directors believes its stock is undervalued.

The company also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Tuesday, August 29th will be given a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a yield of 1.32%. The ex-dividend date of this dividend is Friday, August 25th. Core-Mark Holding’s dividend payout ratio is currently 40.00%.

CORE has been the topic of a number of recent analyst reports. Loop Capital initiated coverage on Core-Mark Holding in a report on Monday, May 15th. They set a “buy” rating and a $40.00 target price on the stock. BidaskClub lowered Core-Mark Holding from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Jefferies Group LLC reissued a “hold” rating on shares of Core-Mark Holding in a report on Friday, June 23rd. ValuEngine lowered Core-Mark Holding from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Zacks Investment Research raised Core-Mark Holding from a “hold” rating to a “strong-buy” rating and set a $42.00 target price on the stock in a report on Friday, August 4th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Core-Mark Holding currently has an average rating of “Hold” and a consensus target price of $40.00.

TRADEMARK VIOLATION NOTICE: This piece was posted by Daily Political and is owned by of Daily Political. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of international trademark and copyright law. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/09/11/core-mark-holding-company-inc-core-position-lifted-by-timessquare-capital-management-llc.html.

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.

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

Receive News & Ratings for Core-Mark Holding Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Core-Mark Holding Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.