Dimensional Fund Advisors LP Sells 70,693 Shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE)

Dimensional Fund Advisors LP lessened its stake in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 3.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,025,011 shares of the business services provider’s stock after selling 70,693 shares during the period. Dimensional Fund Advisors LP owned approximately 4.38% of Core-Mark worth $65,084,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Core-Mark in the 3rd quarter valued at $117,000. Riverhead Capital Management LLC boosted its stake in shares of Core-Mark by 81.7% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,997 shares of the business services provider’s stock valued at $132,000 after purchasing an additional 1,797 shares in the last quarter. Flinton Capital Management LLC boosted its stake in shares of Core-Mark by 77.3% in the 2nd quarter. Flinton Capital Management LLC now owns 4,368 shares of the business services provider’s stock valued at $144,000 after purchasing an additional 1,904 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Core-Mark by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 4,484 shares of the business services provider’s stock valued at $148,000 after purchasing an additional 673 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in shares of Core-Mark by 48.2% in the 2nd quarter. Sei Investments Co. now owns 5,802 shares of the business services provider’s stock valued at $191,000 after purchasing an additional 1,887 shares in the last quarter. 98.27% of the stock is owned by institutional investors and hedge funds.

Shares of Core-Mark Holding Company, Inc. (NASDAQ CORE) opened at $24.73 on Friday. Core-Mark Holding Company, Inc. has a 1 year low of $23.33 and a 1 year high of $43.50. The company has a market cap of $1,119.68, a PE ratio of 27.48, a P/E/G ratio of 1.77 and a beta of 0.94. 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 (NASDAQ:CORE) last announced its quarterly earnings data on Tuesday, November 7th. The business services provider reported $0.37 EPS for the quarter, missing the Thomson Reuters’ 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 analysts predict that Core-Mark Holding Company, Inc. will post 0.95 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Friday, December 22nd. Stockholders of record on Tuesday, November 28th were issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date of this dividend was Monday, November 27th. This is an increase from Core-Mark’s previous quarterly dividend of $0.09. Core-Mark’s dividend payout ratio (DPR) is presently 44.44%.

CORE has been the subject of a number of recent analyst reports. Zacks Investment Research lowered shares of Core-Mark from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. BidaskClub lowered shares of Core-Mark from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. Loop Capital set a $31.00 price objective on shares of Core-Mark and gave the stock a “buy” rating in a report on Monday, January 8th. They noted that the move was a valuation call. Stephens set a $25.00 price objective on shares of Core-Mark and gave the stock a “hold” rating in a report on Wednesday. Finally, UBS Group upgraded shares of Core-Mark from an “outperform” rating to a “strong-buy” rating in a report on Friday, January 5th. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. Core-Mark has a consensus rating of “Hold” and an average price target of $30.50.

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Core-Mark 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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