Core-Mark Holding Company, Inc. (CORE) Position Lifted by Pinebridge Investments L.P.

Pinebridge Investments L.P. increased its holdings in shares of Core-Mark Holding Company, Inc. (NASDAQ:CORE) by 35.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,567 shares of the business services provider’s stock after acquiring an additional 19,924 shares during the quarter. Pinebridge Investments L.P. owned about 0.16% of Core-Mark worth $2,387,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of CORE. UBS Asset Management Americas Inc. increased its holdings in shares of Core-Mark by 28.7% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 29,433 shares of the business services provider’s stock worth $973,000 after acquiring an additional 6,570 shares during the last quarter. FMR LLC acquired a new position in shares of Core-Mark during the 2nd quarter worth approximately $17,929,000. California Public Employees Retirement System increased its holdings in shares of Core-Mark by 23.5% during the 2nd quarter. California Public Employees Retirement System now owns 10,500 shares of the business services provider’s stock worth $347,000 after acquiring an additional 2,000 shares during the last quarter. Voya Investment Management LLC increased its holdings in shares of Core-Mark by 7.2% during the 2nd quarter. Voya Investment Management LLC now owns 21,483 shares of the business services provider’s stock worth $710,000 after acquiring an additional 1,435 shares during the last quarter. Finally, State Street Corp increased its holdings in shares of Core-Mark by 4.1% during the 2nd quarter. State Street Corp now owns 1,097,819 shares of the business services provider’s stock worth $36,293,000 after acquiring an additional 43,605 shares during the last quarter.

Core-Mark Holding Company, Inc. (NASDAQ:CORE) opened at $20.36 on Wednesday. The company has a quick ratio of 1.12, a current ratio of 2.16 and a debt-to-equity ratio of 0.93. Core-Mark Holding Company, Inc. has a 1-year low of $19.81 and a 1-year high of $38.37. The company has a market capitalization of $981.57, a price-to-earnings ratio of 22.62, a price-to-earnings-growth ratio of 1.58 and a beta of 0.58.

CORE has been the topic of a number of recent analyst reports. Zacks Investment Research raised Core-Mark from a “hold” rating to a “buy” rating and set a $38.00 target price on the stock in a report on Monday, October 30th. Jefferies Group reissued a “hold” rating and set a $32.00 target price on shares of Core-Mark in a report on Friday, November 10th. BidaskClub lowered Core-Mark from a “hold” rating to a “sell” rating in a report on Friday, December 22nd. William Blair started coverage on Core-Mark in a report on Wednesday, January 3rd. They issued an “outperform” rating on the stock. Finally, BMO Capital Markets started coverage on Core-Mark in a report on Friday, January 5th. They issued a “market perform” rating and a $33.00 price objective on the stock. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $30.50.

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About Core-Mark

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.

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

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