Pool Corporation (POOL) : Copper Rock Capital Partners scooped up 4,842 additional shares in Pool Corporation during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 19, 2016. The investment management firm now holds a total of 313,075 shares of Pool Corporation which is valued at $30,408,975.Pool Corporation makes up approximately 2.21% of Copper Rock Capital Partners’s portfolio.
Other Hedge Funds, Including , Nordea Investment Management Ab boosted its stake in POOL in the latest quarter, The investment management firm added 5,374 additional shares and now holds a total of 7,184 shares of Pool Corporation which is valued at $697,782. Vigilant Capital Management added POOL to its portfolio by purchasing 62 company shares during the most recent quarter which is valued at $6,022. Foundry Partners sold out all of its stake in POOL during the most recent quarter. The investment firm sold 2,575 shares of POOL which is valued $249,157.Gw&k Investment Management boosted its stake in POOL in the latest quarter, The investment management firm added 7,009 additional shares and now holds a total of 69,185 shares of Pool Corporation which is valued at $6,694,341. Pool Corporation makes up approx 0.14% of Gw&k Investment Management’s portfolio.
Pool Corporation opened for trading at $96.1 and hit $97.5 on the upside on Wednesday, eventually ending the session at $97.13, with a gain of 1.08% or 1.04 points. The heightened volatility saw the trading volume jump to 3,72,222 shares. Company has a market cap of $4,086 M.
On the company’s financial health, Pool Corporation reported $1.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.93. The company had revenue of $918.90 million for the quarter, compared to analysts expectations of $904.02 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS.
Many Wall Street Analysts have commented on Pool Corporation. Pool Corporation was Downgraded by Johnson Rice to ” Accumulate” on Jul 15, 2016.
Pool Corporation is a distributor of swimming pool supplies equipment and related leisure products. The Company is also a distributor of irrigation and landscape products. The Company operates approximately 328 sales centers in North America Europe South America and Australia through its four distribution networks: SCP Distributors (SCP); Superior Pool Products (Superior); Horizon Distributors (Horizon) and National Pool Tile (NPT). The Companys product offerings also include building materials used for pool construction installations and remodeling such as concrete and pool surfacing and decking materials. The Companys products include maintenance products repair and replacement parts for pool equipment packaged pool kits pool equipment and components for pool construction and irrigation and landscape products among others.