Falcon Point Capital LLC Has $9.97 Million Stake in Core-Mark Holding Company, Inc. (CORE)

Falcon Point Capital LLC decreased its holdings in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 17.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 315,780 shares of the business services provider’s stock after selling 68,844 shares during the quarter. Falcon Point Capital LLC’s holdings in Core-Mark were worth $9,972,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of Core-Mark by 1.8% during the second quarter. Vanguard Group Inc. now owns 4,075,508 shares of the business services provider’s stock valued at $134,736,000 after buying an additional 71,715 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Core-Mark by 1.4% during the third quarter. Brown Advisory Inc. now owns 2,311,394 shares of the business services provider’s stock valued at $74,288,000 after buying an additional 31,689 shares during the last quarter. State Street Corp grew its stake in shares of Core-Mark by 4.1% during the second quarter. State Street Corp now owns 1,097,819 shares of the business services provider’s stock valued at $36,293,000 after buying an additional 43,605 shares during the last quarter. Macquarie Group Ltd. grew its stake in shares of Core-Mark by 6.8% during the third quarter. Macquarie Group Ltd. now owns 1,036,747 shares of the business services provider’s stock valued at $33,321,000 after buying an additional 66,418 shares during the last quarter. Finally, State of New Jersey Common Pension Fund D grew its stake in shares of Core-Mark by 2.4% during the third quarter. State of New Jersey Common Pension Fund D now owns 860,000 shares of the business services provider’s stock valued at $27,640,000 after buying an additional 20,000 shares during the last quarter.

Shares of Core-Mark Holding Company, Inc. (NASDAQ CORE) opened at $20.72 on Tuesday. The company has a quick ratio of 1.12, a current ratio of 2.16 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $956.63, a P/E ratio of 23.02, a P/E/G ratio of 1.55 and a beta of 0.58. Core-Mark Holding Company, Inc. has a twelve month low of $19.81 and a twelve month high of $38.37.

A number of analysts recently issued reports on the company. Zacks Investment Research upgraded Core-Mark from a “hold” rating to a “buy” rating and set a $38.00 price target for the company in a report on Monday, October 30th. William Blair assumed coverage on Core-Mark in a report on Wednesday, January 3rd. They issued an “outperform” rating for the company. Stephens set a $25.00 price target on Core-Mark and gave the company a “hold” rating in a report on Wednesday, January 10th. Loop Capital set a $31.00 price target on 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. Finally, BidaskClub lowered Core-Mark from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Core-Mark presently has an average rating of “Hold” and an average target price of $30.50.

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Core-Mark Company Profile

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.

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

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