Russell Investments Group Ltd. Has $5.74 Million Position in Core-Mark Holding Company, Inc. (NASDAQ:CORE)

Russell Investments Group Ltd. reduced its holdings in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 42.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 211,426 shares of the business services provider’s stock after selling 157,315 shares during the period. Russell Investments Group Ltd. owned approximately 0.46% of Core-Mark worth $5,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in CORE. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Core-Mark by 18.2% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,202 shares of the business services provider’s stock valued at $103,000 after purchasing an additional 492 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in Core-Mark in the third quarter valued at approximately $112,000. Meeder Asset Management Inc. increased its stake in Core-Mark by 198.0% in the third quarter. Meeder Asset Management Inc. now owns 4,405 shares of the business services provider’s stock valued at $142,000 after purchasing an additional 2,927 shares in the last quarter. Eqis Capital Management Inc. bought a new stake in Core-Mark in the third quarter valued at approximately $317,000. Finally, Virginia Retirement Systems ET AL increased its stake in Core-Mark by 105.1% in the third quarter. Virginia Retirement Systems ET AL now owns 12,100 shares of the business services provider’s stock valued at $389,000 after purchasing an additional 6,200 shares in the last quarter. Institutional investors and hedge funds own 95.50% of the company’s stock.

In other news, CFO Christopher M. Miller sold 3,436 shares of the firm’s stock in a transaction dated Tuesday, January 7th. The shares were sold at an average price of $26.22, for a total transaction of $90,091.92. Following the completion of the sale, the chief financial officer now owns 28,366 shares in the company, valued at approximately $743,756.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.10% of the company’s stock.

CORE has been the subject of several research reports. ValuEngine raised shares of Core-Mark from a “sell” rating to a “hold” rating in a research report on Saturday, January 4th. Raymond James lowered their price objective on shares of Core-Mark from $42.00 to $31.00 and set an “outperform” rating for the company in a research report on Friday, November 8th. Zacks Investment Research downgraded shares of Core-Mark from a “hold” rating to a “sell” rating in a research report on Monday, February 3rd. Jefferies Financial Group raised shares of Core-Mark from a “hold” rating to a “buy” rating and lowered their price objective for the stock from $29.00 to $28.00 in a research report on Monday. Finally, BidaskClub downgraded shares of Core-Mark from a “sell” rating to a “strong sell” rating in a research report on Thursday, February 6th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Core-Mark currently has a consensus rating of “Hold” and an average price target of $33.00.

CORE stock traded up $0.06 during trading hours on Friday, reaching $23.90. The stock had a trading volume of 705 shares, compared to its average volume of 197,567. The stock has a market capitalization of $1.09 billion, a PE ratio of 20.64, a price-to-earnings-growth ratio of 1.64 and a beta of 0.84. The company has a debt-to-equity ratio of 1.21, a current ratio of 2.04 and a quick ratio of 0.88. The stock has a 50-day simple moving average of $25.09 and a 200 day simple moving average of $28.84. Core-Mark Holding Company, Inc. has a fifty-two week low of $23.10 and a fifty-two week high of $40.95.

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

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