Coldstream Capital Management Inc. Has $252,000 Holdings in Pool Corporation (POOL)
Coldstream Capital Management Inc. raised its position in Pool Corporation (NASDAQ:POOL) by 4.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,140 shares of the specialty retailer’s stock after purchasing an additional 90 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Pool Corporation were worth $252,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its stake in shares of Pool Corporation by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 61,045 shares of the specialty retailer’s stock valued at $7,177,000 after purchasing an additional 1,426 shares during the period. Cubist Systematic Strategies LLC increased its stake in shares of Pool Corporation by 61.8% in the second quarter. Cubist Systematic Strategies LLC now owns 5,230 shares of the specialty retailer’s stock valued at $615,000 after purchasing an additional 1,997 shares during the period. Sciencast Management LP acquired a new stake in shares of Pool Corporation in the second quarter valued at approximately $300,000. Janus Henderson Group PLC increased its stake in shares of Pool Corporation by 377.0% in the second quarter. Janus Henderson Group PLC now owns 201,674 shares of the specialty retailer’s stock valued at $23,711,000 after purchasing an additional 159,391 shares during the period. Finally, Shelton Capital Management acquired a new stake in shares of Pool Corporation in the second quarter valued at approximately $350,000. Institutional investors own 92.14% of the company’s stock.
Several equities research analysts have commented on the stock. BidaskClub upgraded shares of Pool Corporation from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 16th. Zacks Investment Research lowered shares of Pool Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, July 4th. Johnson Rice upgraded shares of Pool Corporation from an “accumulate” rating to a “buy” rating in a research note on Monday, July 24th. Finally, Sidoti upgraded shares of Pool Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $119.00 to $131.00 in a research note on Friday, September 15th. One investment analyst has rated the stock with a sell rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $127.00.
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Pool Corporation (NASDAQ POOL) traded up 0.22% on Wednesday, reaching $110.49. 29,727 shares of the company’s stock traded hands. The firm’s 50 day moving average price is $105.48 and its 200 day moving average price is $114.17. Pool Corporation has a 52-week low of $88.64 and a 52-week high of $124.25. The firm has a market capitalization of $4.55 billion, a PE ratio of 28.70 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 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $2.24 by ($0.03). Pool Corporation had a net margin of 6.15% and a return on equity of 63.34%. The firm had revenue of $988.16 million during the quarter. During the same period in the previous year, the firm earned $1.98 earnings per share. The business’s quarterly revenue was up 7.5% on a year-over-year basis. On average, analysts predict that Pool Corporation will post $4.11 EPS for the current fiscal year.
Pool Corporation Company 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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