Strategic Wealth Advisors Group LLC raised its position in Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 18.9% in the third quarter, Holdings Channel.com reports. The institutional investor owned 13,749 shares of the business services provider’s stock after purchasing an additional 2,184 shares during the period. Strategic Wealth Advisors Group LLC’s holdings in Core-Mark were worth $433,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Dupont Capital Management Corp purchased a new stake in Core-Mark in the second quarter valued at approximately $379,000. Balyasny Asset Management LLC purchased a new stake in Core-Mark in the second quarter valued at approximately $1,142,000. Copeland Capital Management LLC lifted its stake in Core-Mark by 20.4% in the second quarter. Copeland Capital Management LLC now owns 779,785 shares of the business services provider’s stock valued at $30,974,000 after buying an additional 131,978 shares during the last quarter. Bessemer Group Inc. lifted its stake in Core-Mark by 170.0% in the second quarter. Bessemer Group Inc. now owns 72,100 shares of the business services provider’s stock valued at $2,864,000 after buying an additional 45,400 shares during the last quarter. Finally, GAM Holding AG lifted its stake in Core-Mark by 3.3% in the second quarter. GAM Holding AG now owns 11,439 shares of the business services provider’s stock valued at $454,000 after buying an additional 369 shares during the last quarter. Institutional investors own 93.25% of the company’s stock.
Shares of Core-Mark stock traded up $1.43 during trading hours on Friday, hitting $28.42. 413,800 shares of the company were exchanged, compared to its average volume of 296,220. 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 has a market capitalization of $1.50 billion, a price-to-earnings ratio of 20.45, a P/E/G ratio of 2.53 and a beta of 0.82. Core-Mark Holding Company, Inc. has a 1 year low of $22.53 and a 1 year high of $40.95. The business has a 50-day moving average of $29.76 and a 200-day moving average of $34.78.
A number of equities research analysts have weighed in on CORE shares. Zacks Investment Research cut Core-Mark from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 4th. ValuEngine cut Core-Mark from a “hold” rating to a “sell” rating in a research note on Wednesday. BMO Capital Markets reduced their price objective on Core-Mark to $34.00 and set a “market perform” rating for the company in a research note on Tuesday, October 1st. They noted that the move was a valuation call. Raymond James reduced their price objective on Core-Mark from $42.00 to $31.00 and set an “outperform” rating for the company in a research note on Friday. Finally, BidaskClub upgraded Core-Mark from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. Core-Mark has a consensus rating of “Hold” and a consensus price target of $35.00.
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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