Y Intercept Hong Kong Ltd Purchases New Position in Pool Corporation $POOL

Y Intercept Hong Kong Ltd purchased a new position in shares of Pool Corporation (NASDAQ:POOL) in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 7,663 shares of the specialty retailer’s stock, valued at approximately $2,376,000.

A number of other hedge funds also recently made changes to their positions in POOL. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Pool during the 1st quarter valued at approximately $400,000. Millennium Management LLC raised its stake in shares of Pool by 237.9% during the 1st quarter. Millennium Management LLC now owns 17,390 shares of the specialty retailer’s stock worth $5,536,000 after purchasing an additional 12,244 shares in the last quarter. Empowered Funds LLC acquired a new position in Pool during the 1st quarter worth $639,000. Geneos Wealth Management Inc. increased its holdings in Pool by 164.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 156 shares of the specialty retailer’s stock valued at $50,000 after buying an additional 97 shares during the period. Finally, Acadian Asset Management LLC grew its holdings in shares of Pool by 201.2% in the 1st quarter. Acadian Asset Management LLC now owns 2,012 shares of the specialty retailer’s stock worth $639,000 after purchasing an additional 1,344 shares during the last quarter. Institutional investors and hedge funds own 98.99% of the company’s stock.

Wall Street Analysts Forecast Growth

POOL has been the topic of several recent research reports. Robert W. Baird set a $320.00 price target on shares of Pool and gave the company an “outperform” rating in a research note on Monday, January 12th. Cfra upgraded Pool from a “hold” rating to a “buy” rating and set a $304.00 target price on the stock in a research note on Monday, December 22nd. KeyCorp started coverage on Pool in a research note on Tuesday, September 30th. They set a “sector weight” rating for the company. William Blair reissued a “market perform” rating on shares of Pool in a research report on Wednesday, October 15th. Finally, The Goldman Sachs Group cut their price objective on shares of Pool from $360.00 to $310.00 and set a “buy” rating for the company in a research report on Tuesday, January 13th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $308.00.

Pool Price Performance

Shares of NASDAQ POOL traded down $2.33 during midday trading on Wednesday, hitting $262.13. The company had a trading volume of 10,758 shares, compared to its average volume of 754,773. The business has a 50-day simple moving average of $243.93 and a two-hundred day simple moving average of $281.02. The firm has a market capitalization of $9.76 billion, a price-to-earnings ratio of 23.89, a price-to-earnings-growth ratio of 4.68 and a beta of 1.23. The company has a quick ratio of 0.87, a current ratio of 2.57 and a debt-to-equity ratio of 0.76. Pool Corporation has a twelve month low of $226.10 and a twelve month high of $374.74.

About Pool

Pool Corporation is a leading wholesale distributor of swimming pool supplies, equipment, and related outdoor living products. Headquartered in Covington, Louisiana, the company serves a diverse customer base that includes service professionals, independent retailers, high-volume builders, and national retail chains. Pool Corporation’s extensive branch network enables it to maintain strong local customer relationships while leveraging its scale to source products efficiently from manufacturers around the world.

The company’s product portfolio spans pool and spa chemicals, water treatment equipment, pumps, filters, heaters, automation and control systems, liners, safety covers, and cleaning accessories.