Quantinno Capital Management LP grew its holdings in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 40.9% during the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 13,647 shares of the business services provider’s stock after acquiring an additional 3,961 shares during the quarter. Quantinno Capital Management LP’s holdings in Core-Mark were worth $507,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc grew its stake in Core-Mark by 86.6% in the first quarter. Versant Capital Management Inc now owns 978 shares of the business services provider’s stock worth $36,000 after purchasing an additional 454 shares during the period. Advisor Group Inc. grew its stake in Core-Mark by 32.0% in the fourth quarter. Advisor Group Inc. now owns 2,181 shares of the business services provider’s stock worth $51,000 after purchasing an additional 529 shares during the period. Investors Research Corp purchased a new stake in Core-Mark in the first quarter worth $52,000. Meeder Asset Management Inc. grew its stake in Core-Mark by 1,638.8% in the first quarter. Meeder Asset Management Inc. now owns 1,478 shares of the business services provider’s stock worth $54,000 after purchasing an additional 1,393 shares during the period. Finally, Group One Trading L.P. purchased a new stake in Core-Mark in the first quarter worth $56,000. 92.15% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages recently weighed in on CORE. Zacks Investment Research raised Core-Mark from a “hold” rating to a “buy” rating and set a $42.00 price target on the stock in a research note on Tuesday, May 14th. BidaskClub cut Core-Mark from a “buy” rating to a “hold” rating in a research note on Tuesday, June 11th. ValuEngine raised Core-Mark from a “hold” rating to a “buy” rating in a research note on Friday, May 10th. Finally, TheStreet raised Core-Mark from a “c+” rating to a “b-” rating in a research note on Thursday, March 28th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Core-Mark presently has a consensus rating of “Buy” and an average price target of $37.83.

In related news, Director Harvey L. Tepner sold 1,000 shares of the stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $38.25, for a total transaction of $38,250.00. Following the completion of the sale, the director now owns 48,370 shares in the company, valued at $1,850,152.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Harvey L. Tepner sold 2,351 shares of the stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $40.00, for a total value of $94,040.00. Following the sale, the director now owns 44,370 shares of the company’s stock, valued at approximately $1,774,800. The disclosure for this sale can be found here. In the last three months, insiders sold 6,351 shares of company stock worth $242,240. 2.10% of the stock is owned by corporate insiders.

Shares of NASDAQ CORE traded down $1.18 during trading on Friday, reaching $37.93. The company had a trading volume of 149,674 shares, compared to its average volume of 211,627. Core-Mark Holding Company, Inc. has a 12-month low of $20.31 and a 12-month high of $40.38. The stock has a market cap of $1.74 billion, a P/E ratio of 25.98, a P/E/G ratio of 2.99 and a beta of 0.76. The company has a current ratio of 1.61, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70.

Core-Mark (NASDAQ:CORE) last released its earnings results on Wednesday, May 8th. The business services provider reported $0.14 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.06. Core-Mark had a return on equity of 12.03% and a net margin of 0.29%. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the prior year, the firm posted $0.07 earnings per share. The company’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, analysts forecast that Core-Mark Holding Company, Inc. will post 1.58 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, June 14th. Stockholders of record on Thursday, May 23rd were issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date was Wednesday, May 22nd. Core-Mark’s payout ratio is currently 31.65%.

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Core-Mark Company Profile

Core-Mark Holding Company, Inc markets fresh and broad-line supply solutions to the convenience retail industry. The company sells and distributes food products, including fast food, candies, snacks, and groceries, as well as beverages and fresh products, such as sandwiches, juices, salads, produce, dairy, and bread; and non-food products comprising cigars, tobacco, alternative nicotine products, health and beauty care products, and general merchandise and equipment.

Further Reading: Penny Stocks

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

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