Core-Mark Holding Company, Inc. (NASDAQ:CORE) Shares Sold by Skylands Capital LLC

Skylands Capital LLC reduced its position in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 70.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,500 shares of the business services provider’s stock after selling 39,300 shares during the quarter. Skylands Capital LLC’s holdings in Core-Mark were worth $521,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Schwab Charles Investment Management Inc. grew its stake in Core-Mark by 9.1% during the second quarter. Schwab Charles Investment Management Inc. now owns 275,331 shares of the business services provider’s stock worth $9,103,000 after buying an additional 22,875 shares in the last quarter. First Trust Advisors LP boosted its position in Core-Mark by 90.7% during the 2nd quarter. First Trust Advisors LP now owns 23,195 shares of the business services provider’s stock worth $767,000 after buying an additional 11,034 shares during the period. Victory Capital Management Inc. boosted its position in Core-Mark by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 4,484 shares of the business services provider’s stock worth $148,000 after buying an additional 673 shares during the period. Riverhead Capital Management LLC boosted its position in Core-Mark by 81.7% during the 2nd quarter. Riverhead Capital Management LLC now owns 3,997 shares of the business services provider’s stock worth $132,000 after buying an additional 1,797 shares during the period. Finally, Teachers Advisors LLC boosted its position in Core-Mark by 2.6% during the 2nd quarter. Teachers Advisors LLC now owns 82,491 shares of the business services provider’s stock worth $2,727,000 after buying an additional 2,094 shares during the period.

Several research firms recently commented on CORE. Stephens downgraded shares of Core-Mark from an “overweight” rating to an “equal weight” rating in a research report on Friday, January 5th. Jefferies Group restated a “hold” rating and set a $32.00 price target on shares of Core-Mark in a report on Friday, November 10th. William Blair began coverage on shares of Core-Mark in a research note on Wednesday, January 3rd. They issued an “outperform” rating for the company. Zacks Investment Research upgraded shares of Core-Mark from a “strong sell” rating to a “hold” rating in a research note on Tuesday, January 2nd. Finally, BMO Capital Markets reissued a “hold” rating and issued a $26.00 price target on shares of Core-Mark in a research report on Wednesday, January 10th. Two analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $30.50.

Shares of Core-Mark Holding Company, Inc. (CORE) traded down $0.04 during trading hours on Friday, hitting $20.71. 404,638 shares of the company were exchanged, compared to its average volume of 404,601. The company has a quick ratio of 1.12, a current ratio of 2.16 and a debt-to-equity ratio of 0.93. The stock has a market cap of $932.02, a P/E ratio of 22.74, a P/E/G ratio of 1.54 and a beta of 0.59. Core-Mark Holding Company, Inc. has a 52 week low of $19.81 and a 52 week high of $38.37.

Core-Mark (NASDAQ:CORE) last announced its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.37 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.04). Core-Mark had a net margin of 0.27% and a return on equity of 9.90%. The firm had revenue of $4.31 billion during the quarter, compared to the consensus estimate of $4.29 billion. analysts predict that Core-Mark Holding Company, Inc. will post 0.97 EPS for the current year.

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Core-Mark Company Profile

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.

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

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