Strategic Wealth Advisors Group LLC raised its holdings in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 18.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,749 shares of the business services provider’s stock after purchasing an additional 2,184 shares during the quarter. Strategic Wealth Advisors Group LLC’s holdings in Core-Mark were worth $433,000 at the end of the most recent reporting period.
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Other large investors have also added to or reduced their stakes in the company. Point72 Asset Management L.P. purchased a new position in Core-Mark in the second quarter valued at about $91,000. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Core-Mark by 18.2% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,202 shares of the business services provider’s stock worth $103,000 after acquiring an additional 492 shares during the last quarter. Carroll Financial Associates Inc. purchased a new stake in shares of Core-Mark during the second quarter worth about $166,000. Meeder Asset Management Inc. grew its stake in shares of Core-Mark by 198.0% during the third quarter. Meeder Asset Management Inc. now owns 4,405 shares of the business services provider’s stock worth $142,000 after acquiring an additional 2,927 shares during the last quarter. Finally, Qtron Investments LLC purchased a new stake in shares of Core-Mark during the second quarter worth about $203,000. Institutional investors and hedge funds own 93.78% of the company’s stock.
NASDAQ:CORE traded up $0.03 during trading hours on Friday, hitting $26.37. The company had a trading volume of 422,600 shares, compared to its average volume of 404,694. The company has a 50-day moving average of $29.28 and a 200 day moving average of $34.50. Core-Mark Holding Company, Inc. has a 1 year low of $22.53 and a 1 year high of $40.95. The company has a current ratio of 2.04, a quick ratio of 0.88 and a debt-to-equity ratio of 1.21. The company has a market cap of $1.20 billion, a P/E ratio of 18.97, a P/E/G ratio of 2.01 and a beta of 0.82.
Core-Mark (NASDAQ:CORE) last posted its quarterly earnings results on Thursday, November 7th. The business services provider reported $0.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.04. Core-Mark had a return on equity of 12.67% and a net margin of 0.32%. The firm had revenue of $4.42 billion during the quarter, compared to the consensus estimate of $4.45 billion. During the same quarter in the previous year, the business earned $0.63 earnings per share. The firm’s quarterly revenue was up 3.5% compared to the same quarter last year. On average, analysts forecast that Core-Mark Holding Company, Inc. will post 1.63 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, December 13th. Shareholders of record on Tuesday, November 19th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend is Monday, November 18th. Core-Mark’s dividend payout ratio (DPR) is presently 31.65%.
A number of equities research analysts recently commented on CORE shares. Raymond James dropped their target price on Core-Mark from $42.00 to $31.00 and set an “outperform” rating on the stock in a research report on Friday, November 8th. ValuEngine lowered Core-Mark from a “hold” rating to a “sell” rating in a research report on Wednesday, November 6th. BidaskClub raised Core-Mark from a “strong sell” rating to a “sell” rating in a report on Tuesday, November 5th. Zacks Investment Research downgraded Core-Mark from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. Finally, BMO Capital Markets reduced their target price on Core-Mark to $34.00 and set a “market perform” rating for the company in a research note on Tuesday, October 1st. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $35.00.
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.
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