First Trust Advisors LP grew its stake in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 146.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,927 shares of the business services provider’s stock after purchasing an additional 38,030 shares during the period. First Trust Advisors LP owned approximately 0.14% of Core-Mark worth $1,451,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in CORE. Dimensional Fund Advisors LP raised its holdings in shares of Core-Mark by 7.6% during the first quarter. Dimensional Fund Advisors LP now owns 2,174,430 shares of the business services provider’s stock valued at $46,228,000 after purchasing an additional 153,074 shares during the period. Comerica Bank raised its holdings in shares of Core-Mark by 35.5% during the second quarter. Comerica Bank now owns 537,250 shares of the business services provider’s stock valued at $12,695,000 after purchasing an additional 140,803 shares during the period. Segall Bryant & Hamill LLC acquired a new position in shares of Core-Mark during the first quarter valued at about $2,976,000. OppenheimerFunds Inc. raised its holdings in shares of Core-Mark by 32.1% during the first quarter. OppenheimerFunds Inc. now owns 427,858 shares of the business services provider’s stock valued at $9,096,000 after purchasing an additional 104,052 shares during the period. Finally, BlackRock Inc. raised its holdings in shares of Core-Mark by 1.5% during the first quarter. BlackRock Inc. now owns 5,894,801 shares of the business services provider’s stock valued at $125,323,000 after purchasing an additional 84,632 shares during the period. Hedge funds and other institutional investors own 95.41% of the company’s stock.

CORE opened at $33.66 on Friday. The company has a current ratio of 1.92, a quick ratio of 1.14 and a debt-to-equity ratio of 0.66. Core-Mark Holding Company, Inc. has a fifty-two week low of $17.10 and a fifty-two week high of $38.16. The stock has a market capitalization of $1.64 billion, a P/E ratio of 33.66, a price-to-earnings-growth ratio of 2.20 and a beta of 0.86.

Core-Mark (NASDAQ:CORE) last posted its earnings results on Tuesday, August 7th. The business services provider reported $0.35 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.05. Core-Mark had a net margin of 0.21% and a return on equity of 9.56%. The company had revenue of $4.23 billion for the quarter, compared to analyst estimates of $4.14 billion. equities analysts forecast that Core-Mark Holding Company, Inc. will post 1.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, September 14th. Investors of record on Tuesday, August 28th were issued a $0.10 dividend. The ex-dividend date of this dividend was Monday, August 27th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.19%. Core-Mark’s dividend payout ratio is presently 40.00%.

CORE has been the topic of several research reports. TheStreet upgraded shares of Core-Mark from a “c” rating to a “b-” rating in a report on Friday, August 10th. BidaskClub upgraded shares of Core-Mark from a “hold” rating to a “buy” rating in a report on Thursday, June 28th. Loop Capital set a $32.00 price objective on shares of Core-Mark and gave the company a “buy” rating in a report on Thursday, July 5th. ValuEngine upgraded shares of Core-Mark from a “hold” rating to a “buy” rating in a report on Tuesday, August 14th. Finally, Zacks Investment Research upgraded shares of Core-Mark from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a report on Wednesday, August 15th. Four analysts have rated the stock with a hold rating, five have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $34.33.

Core-Mark Profile

Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes various food/non-food products, including cigarettes, fast food, candies, snacks, groceries, fresh products, dairy products, breads, beverages, other tobacco products, general merchandise and equipment, and health and beauty care products.

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

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