Citadel Advisors LLC lowered its stake in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 28.0% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 52,462 shares of the business services provider’s stock after selling 20,425 shares during the quarter. Citadel Advisors LLC owned about 0.11% of Core-Mark worth $1,686,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of CORE. FMR LLC bought a new stake in Core-Mark during the 2nd quarter valued at approximately $17,929,000. Jennison Associates LLC raised its stake in Core-Mark by 137.7% during the 2nd quarter. Jennison Associates LLC now owns 788,125 shares of the business services provider’s stock valued at $26,055,000 after purchasing an additional 456,591 shares during the period. Bank of New York Mellon Corp raised its stake in Core-Mark by 21.8% during the 2nd quarter. Bank of New York Mellon Corp now owns 915,343 shares of the business services provider’s stock valued at $30,261,000 after purchasing an additional 164,118 shares during the period. Russell Investments Group Ltd. raised its stake in Core-Mark by 37.5% during the 3rd quarter. Russell Investments Group Ltd. now owns 482,842 shares of the business services provider’s stock valued at $15,518,000 after purchasing an additional 131,758 shares during the period. Finally, Aberdeen Asset Management PLC UK raised its stake in Core-Mark by 7.5% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 1,714,517 shares of the business services provider’s stock valued at $56,682,000 after purchasing an additional 119,697 shares during the period. 98.27% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently issued reports on CORE. Zacks Investment Research raised Core-Mark from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a research note on Monday, October 30th. Raymond James Financial set a $35.00 target price on Core-Mark and gave the company a “buy” rating in a research note on Wednesday, August 9th. Jefferies Group decreased their target price on Core-Mark from $38.00 to $34.00 and set a “hold” rating on the stock in a research note on Wednesday, August 9th. ValuEngine raised Core-Mark from a “sell” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, BidaskClub downgraded Core-Mark from a “hold” rating to a “sell” rating in a research note on Saturday, August 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company. Core-Mark presently has an average rating of “Hold” and an average target price of $38.80.

Core-Mark Holding Company, Inc. (NASDAQ:CORE) opened at $32.61 on Wednesday. The firm has a market capitalization of $1,510.00, a P/E ratio of 28.28, a price-to-earnings-growth ratio of 2.71 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.12 and a current ratio of 2.16. Core-Mark Holding Company, Inc. has a 1-year low of $26.08 and a 1-year high of $44.12.

Core-Mark (NASDAQ:CORE) last released its quarterly earnings results on Tuesday, November 7th. The business services provider reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.41 by ($0.04). The firm had revenue of $4.31 billion for the quarter, compared to analysts’ expectations of $4.29 billion. Core-Mark had a net margin of 0.27% and a return on equity of 9.90%. equities research analysts expect that Core-Mark Holding Company, Inc. will post 1.19 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, December 22nd. Shareholders of record on Tuesday, November 28th will be issued a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a yield of 1.23%. The ex-dividend date of this dividend is Monday, November 27th. This is a boost from Core-Mark’s previous quarterly dividend of $0.09. Core-Mark’s dividend payout ratio (DPR) is currently 44.94%.

Core-Mark declared that its board has authorized a stock repurchase plan on Monday, August 28th that permits the company to buyback $40.00 million in shares. This buyback authorization permits the business services provider to buy up to 3.3% of its stock through open market purchases. Stock buyback plans are generally a sign that the company’s board of directors believes its stock is undervalued.

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About Core-Mark

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 (NASDAQ:CORE)

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