Vanguard Group Inc. lifted its stake in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 1.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,075,508 shares of the business services provider’s stock after buying an additional 71,715 shares during the period. Vanguard Group Inc. owned approximately 8.80% of Core-Mark Holding worth $134,736,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of CORE. UBS Group AG boosted its stake in shares of Core-Mark Holding by 30.6% in the first quarter. UBS Group AG now owns 3,423 shares of the business services provider’s stock valued at $107,000 after buying an additional 802 shares during the period. Victory Capital Management Inc. boosted its stake in shares of Core-Mark Holding by 65.1% in the first quarter. Victory Capital Management Inc. now owns 3,811 shares of the business services provider’s stock valued at $119,000 after buying an additional 1,503 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Core-Mark Holding in the first quarter valued at approximately $123,000. Riverhead Capital Management LLC boosted its stake in shares of Core-Mark Holding by 81.7% in the second quarter. Riverhead Capital Management LLC now owns 3,997 shares of the business services provider’s stock valued at $132,000 after buying an additional 1,797 shares during the period. Finally, Sei Investments Co. boosted its stake in shares of Core-Mark Holding by 48.2% in the second quarter. Sei Investments Co. now owns 5,802 shares of the business services provider’s stock valued at $191,000 after buying an additional 1,887 shares during the period. Institutional investors and hedge funds own 98.27% of the company’s stock.

Several research firms have weighed in on CORE. BidaskClub upgraded Core-Mark Holding from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Loop Capital restated a “buy” rating and set a $40.00 target price on shares of Core-Mark Holding in a research note on Monday, July 10th. Zacks Investment Research upgraded Core-Mark Holding from a “strong sell” rating to a “hold” rating in a research note on Tuesday, October 10th. ValuEngine cut Core-Mark Holding from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Raymond James Financial, Inc. set a $35.00 target price on Core-Mark Holding and gave the stock a “buy” rating in a research note on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the company’s stock. Core-Mark Holding currently has a consensus rating of “Hold” and a consensus target price of $40.00.

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Core-Mark Holding Company, Inc. (NASDAQ:CORE) opened at 33.41 on Monday. The firm has a market capitalization of $1.55 billion, a P/E ratio of 37.54 and a beta of 0.97. Core-Mark Holding Company, Inc. has a one year low of $26.08 and a one year high of $44.12. The stock’s 50 day moving average is $30.87 and its 200 day moving average is $32.70.

Core-Mark Holding (NASDAQ:CORE) last posted its quarterly earnings data on Tuesday, August 8th. The business services provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $3.80 billion for the quarter, compared to the consensus estimate of $3.96 billion. During the same period in the prior year, the firm posted $0.39 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. On average, equities research analysts predict that Core-Mark Holding Company, Inc. will post $1.24 earnings per share for the current fiscal year.

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

About Core-Mark Holding

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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