Telemark Asset Management Lowers stake in Core-Mark Holding Company (CORE)

Core-Mark Holding Company (CORE) : Telemark Asset Management reduced its stake in Core-Mark Holding Company by 33.01% during the most recent quarter end. The investment management company now holds a total of 150,000 shares of Core-Mark Holding Company which is valued at $12.6 Million after selling 73,904 shares in Core-Mark Holding Company , the firm said in a disclosure report filed with the SEC on May 12, 2016.Core-Mark Holding Company makes up approximately 3.01% of Telemark Asset Management’s portfolio.

Other Hedge Funds, Including , Sg Americas Securities boosted its stake in CORE in the latest quarter, The investment management firm added 689 additional shares and now holds a total of 7,931 shares of Core-Mark Holding Company which is valued at $666,045. Core-Mark Holding Company makes up approx 0.01% of Sg Americas Securities’s portfolio.Blackrock Investment Management boosted its stake in CORE in the latest quarter, The investment management firm added 2,551 additional shares and now holds a total of 93,512 shares of Core-Mark Holding Company which is valued at $7.9 Million. Core-Mark Holding Company makes up approx 0.01% of Blackrock Investment Management’s portfolio. Nine Chapters Capital Management sold out all of its stake in CORE during the most recent quarter. The investment firm sold 7,500 shares of CORE which is valued $629,850.Personal Capital Advisors Corp boosted its stake in CORE in the latest quarter, The investment management firm added 4,571 additional shares and now holds a total of 34,018 shares of Core-Mark Holding Company which is valued at $2.9 Million. Core-Mark Holding Company makes up approx 0.13% of Personal Capital Advisors Corp’s portfolio. Quadrant Capital Group added CORE to its portfolio by purchasing 18 company shares during the most recent quarter which is valued at $1,470.

Core-Mark Holding Company opened for trading at $82.33 and hit $84.62 on the upside on Friday, eventually ending the session at $82.98, with a gain of 1.44% or 1.18 points. The heightened volatility saw the trading volume jump to 1,12,023 shares. Company has a market cap of $1,919,576 M.

On the company’s financial health, Core-Mark Holding Company reported $0.33 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.28. The company had revenue of $3011.30 million for the quarter, compared to analysts expectations of $2926.56 million. The company’s revenue was up 22.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.30 EPS.

Core-Mark Holding Company Inc. (Core-Mark) is a marketer of supply solutions to the convenience retail industry in North America. The Company has two operating segments: the United States and Canada. The Company offers products marketing programs and technology solutions to approximately 35000 customer locations in the United States and Canada. The Company’s product offering includes cigarettes other tobacco products candy snacks fast food groceries fresh products dairy bread beverages general merchandise and health and beauty care products. The Company’s customers include traditional convenience stores drug stores grocery stores liquor stores and other specialty and small format stores that carry convenience products. The Company operates a network of around 29 distribution centers (excluding two distribution facilities it operates as a third party logistics provider). The Company’s 25 distribution centers are located in the United States and four in Canada.

Leave a Reply

Core-Mark Holding Company - Is it time to Sell?

Top Brokerage Firms are advising their investors on Core-Mark Holding Company. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.