Falcon Point Capital Lowers stake in Core-Mark Holding Company (CORE)

Core-Mark Holding Company (CORE) : Falcon Point Capital reduced its stake in Core-Mark Holding Company by 3.55% during the most recent quarter end. The investment management company now holds a total of 226,932 shares of Core-Mark Holding Company which is valued at $10,947,200 after selling 8,342 shares in Core-Mark Holding Company , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Core-Mark Holding Company makes up approximately 1.84% of Falcon Point Capital’s portfolio.

Other Hedge Funds, Including , Strs Ohio reduced its stake in CORE by selling 13,200 shares or 46.15% in the most recent quarter. The Hedge Fund company now holds 15,400 shares of CORE which is valued at $742,896. Vigilant Capital Management added CORE to its portfolio by purchasing 80 company shares during the most recent quarter which is valued at $3,856.Bnp Paribas Arbitrage Sa boosted its stake in CORE in the latest quarter, The investment management firm added 7,902 additional shares and now holds a total of 15,540 shares of Core-Mark Holding Company which is valued at $751,204.

Core-Mark Holding Company opened for trading at $48.38 and hit $49.29 on the upside on Friday, eventually ending the session at $48.96, with a gain of 1.45% or 0.7 points. The heightened volatility saw the trading volume jump to 2,01,301 shares. Company has a market cap of $2,265 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.

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