Granite Investment Partners buys $20,493,593 stake in Core-Mark Holding Company (CORE)

Core-Mark Holding Company (CORE) : Granite Investment Partners scooped up 101,856 additional shares in Core-Mark Holding Company during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 468,104 shares of Core-Mark Holding Company which is valued at $20,493,593.Core-Mark Holding Company makes up approximately 1.55% of Granite Investment Partners’s portfolio.

Other Hedge Funds, Including , Aqr Capital Management boosted its stake in CORE in the latest quarter, The investment management firm added 8,538 additional shares and now holds a total of 47,774 shares of Core-Mark Holding Company which is valued at $2,091,546. Bogle Investment Management L P De added CORE to its portfolio by purchasing 28,482 company shares during the most recent quarter which is valued at $1,246,942. Core-Mark Holding Company makes up approx 0.08% of Bogle Investment Management L P De’s portfolio.Profund Advisors boosted its stake in CORE in the latest quarter, The investment management firm added 154 additional shares and now holds a total of 9,850 shares of Core-Mark Holding Company which is valued at $431,233. Core-Mark Holding Company makes up approx 0.02% of Profund Advisors’s portfolio.Falcon Point Capital reduced its stake in CORE by selling 8,342 shares or 3.55% in the most recent quarter. The Hedge Fund company now holds 226,932 shares of CORE which is valued at $10,947,200. Core-Mark Holding Company makes up approx 1.84% of Falcon Point Capital’s portfolio.

Core-Mark Holding Company closed down -0.35 points or -0.92% at $37.8 with 5,18,109 shares getting traded on Thursday. Post opening the session at $38.3, the shares hit an intraday low of $37.12 and an intraday high of $38.43 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Core-Mark Holding Company reported $0.39 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.38. The company had revenue of $3687.40 million for the quarter, compared to analysts expectations of $3479.43 million. The company’s revenue was up 31.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.33 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *