Pacer Advisors Inc. increased its holdings in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 5.8% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,674 shares of the business services provider’s stock after acquiring an additional 1,193 shares during the period. Pacer Advisors Inc.’s holdings in Core-Mark were worth $861,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Group One Trading L.P. bought a new stake in Core-Mark during the 1st quarter worth approximately $56,000. Carroll Financial Associates Inc. bought a new stake in Core-Mark during the 2nd quarter worth approximately $166,000. Zions Bancorporation N.A. bought a new stake in Core-Mark during the 1st quarter worth approximately $192,000. Capital Fund Management S.A. bought a new stake in Core-Mark during the 2nd quarter worth approximately $211,000. Finally, CIBC Asset Management Inc bought a new stake in Core-Mark during the 1st quarter worth approximately $213,000. Institutional investors and hedge funds own 94.54% of the company’s stock.
A number of equities research analysts recently commented on CORE shares. Zacks Investment Research lowered Core-Mark from a “buy” rating to a “hold” rating in a research report on Monday, August 5th. BidaskClub upgraded Core-Mark from a “strong sell” rating to a “sell” rating in a research report on Friday. Finally, ValuEngine lowered Core-Mark from a “hold” rating to a “sell” rating in a research report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $38.40.
CORE traded down $1.00 during mid-day trading on Friday, reaching $33.06. The stock had a trading volume of 163,079 shares, compared to its average volume of 204,866. The stock has a market capitalization of $1.56 billion, a P/E ratio of 23.78, a P/E/G ratio of 2.67 and a beta of 0.82. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.00 and a current ratio of 1.78. The firm’s fifty day simple moving average is $33.90 and its two-hundred day simple moving average is $36.58. Core-Mark Holding Company, Inc. has a 52 week low of $22.53 and a 52 week high of $40.95.
Core-Mark (NASDAQ:CORE) last announced its quarterly earnings data on Wednesday, August 7th. The business services provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.06. The firm had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.31 billion. Core-Mark had a return on equity of 13.11% and a net margin of 0.33%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period last year, the company earned $0.35 EPS. As a group, analysts expect that Core-Mark Holding Company, Inc. will post 1.61 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Shareholders of record on Thursday, August 22nd were given a $0.11 dividend. The ex-dividend date of this dividend was Wednesday, August 21st. This represents a $0.44 dividend on an annualized basis and a yield of 1.33%. Core-Mark’s payout ratio is 31.65%.
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.
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