Core-Mark Holding Company, Inc. (NASDAQ:CORE) was the target of a large increase in short interest during the month of July. As of July 15th, there was short interest totalling 1,627,400 shares, an increase of 7.0% from the June 15th total of 1,521,400 shares. Approximately 3.7% of the shares of the stock are short sold. Based on an average daily volume of 274,700 shares, the short-interest ratio is presently 5.9 days.

CORE traded up $0.68 during trading hours on Friday, reaching $38.07. The company’s stock had a trading volume of 167,447 shares, compared to its average volume of 260,507. Core-Mark has a fifty-two week low of $22.53 and a fifty-two week high of $40.95. The stock has a market cap of $1.75 billion, a PE ratio of 27.39, a PEG ratio of 3.01 and a beta of 0.76. The business has a 50-day moving average of $38.64. The company has a current ratio of 1.61, a quick ratio of 0.86 and a debt-to-equity ratio of 0.70.

Core-Mark (NASDAQ:CORE) last released its quarterly earnings data on Wednesday, May 8th. The business services provider reported $0.14 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.06. Core-Mark had a return on equity of 12.03% and a net margin of 0.29%. The firm had revenue of $3.75 billion for the quarter, compared to analysts’ expectations of $3.84 billion. During the same period in the prior year, the firm posted $0.07 earnings per share. The firm’s quarterly revenue was down 1.4% on a year-over-year basis. As a group, sell-side analysts anticipate that Core-Mark will post 1.58 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on CORE shares. ValuEngine cut Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a report on Wednesday, July 17th. BidaskClub upgraded Xilinx from a “hold” rating to a “buy” rating in a report on Wednesday. Finally, Zacks Investment Research cut Hess Midstream Partners from a “hold” rating to a “sell” rating in a report on Tuesday, May 14th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Core-Mark presently has a consensus rating of “Hold” and a consensus price target of $37.83.

In other news, Director Harvey L. Tepner sold 2,351 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $40.00, for a total transaction of $94,040.00. Following the transaction, the director now directly owns 44,370 shares in the company, valued at approximately $1,774,800. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 2.10% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund lifted its holdings in Core-Mark by 1.7% in the second quarter. Oregon Public Employees Retirement Fund now owns 18,001 shares of the business services provider’s stock valued at $715,000 after acquiring an additional 300 shares during the last quarter. Zions Bancorporation N.A. lifted 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 valued at $218,000 after acquiring an additional 324 shares during the last quarter. Arizona State Retirement System lifted its holdings in Core-Mark by 0.5% in the first quarter. Arizona State Retirement System now owns 70,761 shares of the business services provider’s stock valued at $2,627,000 after acquiring an additional 377 shares during the last quarter. Versant Capital Management Inc lifted its holdings in Core-Mark by 86.6% in the first quarter. Versant Capital Management Inc now owns 978 shares of the business services provider’s stock valued at $36,000 after acquiring an additional 454 shares during the last quarter. Finally, Advisor Group Inc. lifted its stake in Core-Mark by 32.0% during the fourth quarter. Advisor Group Inc. now owns 2,181 shares of the business services provider’s stock worth $51,000 after purchasing an additional 529 shares in the last quarter. Hedge funds and other institutional investors own 92.32% of the company’s stock.

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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