Robeco Institutional Asset Management B.V. Reduces Holdings in Core-Mark Holding Company, Inc. (NASDAQ:CORE)

Robeco Institutional Asset Management B.V. trimmed its position in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 6.4% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 180,800 shares of the business services provider’s stock after selling 12,308 shares during the quarter. Robeco Institutional Asset Management B.V. owned 0.39% of Core-Mark worth $5,806,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in shares of Core-Mark by 153.5% in the first quarter. First Trust Advisors LP now owns 33,275 shares of the business services provider’s stock valued at $1,236,000 after acquiring an additional 20,147 shares in the last quarter. WINTON GROUP Ltd bought a new position in Core-Mark in the second quarter worth about $255,000. Carroll Financial Associates Inc. bought a new position in Core-Mark in the second quarter worth about $166,000. Zions Bancorporation N.A. raised its holdings in Core-Mark by 6.3% in the second quarter. Zions Bancorporation N.A. now owns 5,496 shares of the business services provider’s stock worth $218,000 after purchasing an additional 324 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in Core-Mark in the second quarter worth about $3,054,000. Institutional investors and hedge funds own 94.04% of the company’s stock.

CORE has been the subject of a number of recent research reports. BidaskClub downgraded shares of Core-Mark from a “sell” rating to a “strong sell” rating in a report on Thursday, September 19th. ValuEngine upgraded shares of Core-Mark from a “sell” rating to a “hold” rating in a report on Monday, October 7th. BMO Capital Markets reduced their target price on shares of Core-Mark to $34.00 and set a “market perform” rating for the company in a report on Tuesday, October 1st. They noted that the move was a valuation call. Finally, Zacks Investment Research upgraded Core-Mark from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Monday, September 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $36.60.

Shares of CORE stock traded down $0.05 during trading hours on Friday, reaching $28.55. 1,535 shares of the company’s stock were exchanged, compared to its average volume of 288,413. Core-Mark Holding Company, Inc. has a 1 year low of $22.53 and a 1 year high of $40.95. The stock has a market cap of $1.34 billion, a PE ratio of 20.54, a PEG ratio of 2.27 and a beta of 0.85. The company has a current ratio of 1.78, a quick ratio of 1.00 and a debt-to-equity ratio of 0.93. The stock’s fifty day moving average price is $30.56 and its two-hundred day moving average price is $35.31.

Core-Mark (NASDAQ:CORE) last issued its quarterly earnings results on Wednesday, August 7th. The business services provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.06. Core-Mark had a return on equity of 13.11% and a net margin of 0.33%. The business had revenue of $4.30 billion for the quarter, compared to analyst estimates of $4.31 billion. During the same quarter in the previous year, the firm earned $0.35 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. On average, equities analysts expect that Core-Mark Holding Company, Inc. will post 1.61 EPS for the current fiscal year.

About Core-Mark

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

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