Public Employees Retirement Association of Colorado Has $15.41 Million Holdings in Core-Mark Holding Company, Inc. (NASDAQ:CORE)

Public Employees Retirement Association of Colorado boosted its holdings in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 19.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 487,861 shares of the business services provider’s stock after buying an additional 78,200 shares during the period. Public Employees Retirement Association of Colorado owned 1.06% of Core-Mark worth $15,407,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Teachers Advisors LLC grew its position in shares of Core-Mark by 2.6% during the second quarter. Teachers Advisors LLC now owns 82,491 shares of the business services provider’s stock valued at $2,727,000 after purchasing an additional 2,094 shares in the last quarter. Ameriprise Financial Inc. grew its position in shares of Core-Mark by 3.5% during the second quarter. Ameriprise Financial Inc. now owns 265,697 shares of the business services provider’s stock valued at $8,783,000 after purchasing an additional 8,957 shares in the last quarter. Nationwide Fund Advisors grew its position in shares of Core-Mark by 22.9% during the second quarter. Nationwide Fund Advisors now owns 57,227 shares of the business services provider’s stock valued at $1,892,000 after purchasing an additional 10,682 shares in the last quarter. Amalgamated Bank purchased a new position in shares of Core-Mark during the second quarter valued at about $209,000. Finally, UBS Asset Management Americas Inc. grew its position in shares of Core-Mark by 28.7% during the second quarter. UBS Asset Management Americas Inc. now owns 29,433 shares of the business services provider’s stock valued at $973,000 after purchasing an additional 6,570 shares in the last quarter.

Shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) traded up $0.02 during trading hours on Wednesday, hitting $20.74. 139,500 shares of the company were exchanged, compared to its average volume of 381,990. The company has a current ratio of 2.16, a quick ratio of 1.12 and a debt-to-equity ratio of 0.93. Core-Mark Holding Company, Inc. has a 1 year low of $19.81 and a 1 year high of $38.37. The company has a market cap of $957.09, a P/E ratio of 23.04, a price-to-earnings-growth ratio of 1.55 and a beta of 0.58.

A number of research analysts have recently weighed in on the company. BidaskClub lowered Core-Mark from a “sell” rating to a “strong sell” rating in a research report on Wednesday, January 31st. Stephens set a $25.00 price objective on Core-Mark and gave the company a “hold” rating in a research report on Wednesday, January 10th. BMO Capital Markets reaffirmed a “hold” rating and issued a $26.00 price target on shares of Core-Mark in a report on Wednesday, January 10th. Zacks Investment Research downgraded shares of Core-Mark from a “hold” rating to a “sell” rating in a report on Tuesday, January 9th. Finally, Loop Capital set a $31.00 price target on shares of Core-Mark and gave the company a “buy” rating in a report on Monday, January 8th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, four have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $30.50.

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About Core-Mark

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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