Pool Corporation (POOL) is Hancock Holding Co.’s 4th Largest Position
Hancock Holding Co. raised its stake in Pool Corporation (NASDAQ:POOL) by 75.5% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 227,200 shares of the specialty retailer’s stock after buying an additional 97,735 shares during the quarter. Pool Corporation comprises approximately 1.1% of Hancock Holding Co.’s investment portfolio, making the stock its 4th biggest holding. Hancock Holding Co. owned 0.55% of Pool Corporation worth $26,712,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Advisor Group Inc. lifted its stake in Pool Corporation by 536.8% in the second quarter. Advisor Group Inc. now owns 5,012 shares of the specialty retailer’s stock valued at $583,000 after buying an additional 4,225 shares in the last quarter. Nordea Investment Management AB lifted its stake in Pool Corporation by 6.7% in the second quarter. Nordea Investment Management AB now owns 15,556 shares of the specialty retailer’s stock valued at $1,829,000 after buying an additional 970 shares in the last quarter. Hanseatic Management Services Inc. lifted its stake in Pool Corporation by 0.3% in the second quarter. Hanseatic Management Services Inc. now owns 12,440 shares of the specialty retailer’s stock valued at $1,463,000 after buying an additional 37 shares in the last quarter. Quantbot Technologies LP lifted its stake in Pool Corporation by 20.5% in the second quarter. Quantbot Technologies LP now owns 6,744 shares of the specialty retailer’s stock valued at $792,000 after buying an additional 1,146 shares in the last quarter. Finally, California Public Employees Retirement System lifted its stake in Pool Corporation by 2.5% in the second quarter. California Public Employees Retirement System now owns 104,300 shares of the specialty retailer’s stock valued at $12,263,000 after buying an additional 2,500 shares in the last quarter. 92.14% of the stock is currently owned by hedge funds and other institutional investors.
A number of research analysts have weighed in on POOL shares. Zacks Investment Research lowered shares of Pool Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 23rd. Johnson Rice raised shares of Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. BidaskClub downgraded shares of Pool Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 24th. Finally, Sidoti upgraded shares of Pool Corporation from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $119.00 to $131.00 in a report on Friday, September 15th. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $127.00.
Pool Corporation (NASDAQ POOL) traded down 0.19% during mid-day trading on Friday, hitting $107.68. 215,228 shares of the stock were exchanged. Pool Corporation has a 1-year low of $88.65 and a 1-year high of $124.26. The stock has a 50 day moving average price of $104.62 and a 200 day moving average price of $115.15. The company has a market capitalization of $4.44 billion, a PE ratio of 27.99 and a beta of 0.92.
Pool Corporation (NASDAQ:POOL) last issued its earnings results on Thursday, July 20th. The specialty retailer reported $2.21 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.24 by ($0.03). Pool Corporation had a return on equity of 63.34% and a net margin of 6.15%. The firm had revenue of $988.16 million during the quarter. During the same quarter in the prior year, the company posted $1.98 EPS. The firm’s quarterly revenue was up 7.5% compared to the same quarter last year. On average, equities analysts anticipate that Pool Corporation will post $4.11 earnings per share for the current fiscal year.
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Pool Corporation Profile
Pool Corporation is a distributor of swimming pool supplies, equipment and related leisure products. The Company is a distributor of irrigation and landscape products in the United States. As of December 31, 2016, the Company operated 344 sales centers in North America, Europe, South America and Australia, through its four distribution networks, including SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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