GSA Capital Partners LLP Sells 9,400 Shares of Pool Corp. (POOL)
GSA Capital Partners LLP decreased its position in shares of Pool Corp. (NASDAQ:POOL) by 77.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,700 shares of the company’s stock after selling 9,400 shares during the period. GSA Capital Partners LLP’s holdings in Pool Corp. were worth $254,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State Board of Administration of Florida Retirement System increased its position in Pool Corp. by 26.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 33,612 shares of the company’s stock valued at $3,161,000 after buying an additional 7,114 shares during the last quarter. Hennessy Advisors Inc. increased its position in Pool Corp. by 3.0% in the second quarter. Hennessy Advisors Inc. now owns 451,300 shares of the company’s stock valued at $42,436,000 after buying an additional 13,000 shares during the last quarter. Cambridge Trust Co. increased its position in Pool Corp. by 90.7% in the second quarter. Cambridge Trust Co. now owns 5,199 shares of the company’s stock valued at $489,000 after buying an additional 2,473 shares during the last quarter. Cambridge Investment Research Advisors Inc. acquired a new position in Pool Corp. during the second quarter valued at $398,000. Finally, Utah Retirement Systems acquired a new position in Pool Corp. during the second quarter valued at $695,000. Institutional investors own 92.20% of the company’s stock.
Shares of Pool Corp. (NASDAQ:POOL) traded up 0.08% during mid-day trading on Friday, hitting $94.46. The stock had a trading volume of 151,017 shares. The stock has a market cap of $3.97 billion, a P/E ratio of 28.70 and a beta of 0.81. Pool Corp. has a one year low of $71.10 and a one year high of $102.86. The firm has a 50 day moving average of $97.96 and a 200-day moving average of $93.19.
Pool Corp. (NASDAQ:POOL) last announced its quarterly earnings data on Thursday, July 21st. The company reported $1.98 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.93 by $0.05. Pool Corp. had a return on equity of 57.51% and a net margin of 5.76%. The firm earned $918.90 million during the quarter, compared to analysts’ expectations of $904.82 million. During the same period last year, the business posted $1.75 earnings per share. The company’s revenue for the quarter was up 7.9% compared to the same quarter last year. Equities research analysts expect that Pool Corp. will post $3.43 earnings per share for the current fiscal year.
Several research analysts have weighed in on POOL shares. Zacks Investment Research downgraded Pool Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, September 21st. Wedbush started coverage on Pool Corp. in a research note on Wednesday, August 24th. They issued an “outperform” rating and a $115.00 price target for the company. Robert W. Baird started coverage on Pool Corp. in a research note on Monday, June 6th. They issued an “outperform” rating for the company. Finally, Johnson Rice downgraded Pool Corp. from a “buy” rating to an “accumulate” rating in a research note on Friday, July 15th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Pool Corp. presently has a consensus rating of “Buy” and a consensus target price of $97.80.
In related news, insider Arthur D. Cook sold 18,000 shares of Pool Corp. stock in a transaction that occurred on Friday, July 29th. The stock was sold at an average price of $102.18, for a total transaction of $1,839,240.00. Following the completion of the transaction, the insider now directly owns 93,452 shares in the company, valued at $9,548,925.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO De La Mesa Manuel J. Perez sold 30,000 shares of Pool Corp. stock in a transaction that occurred on Monday, July 25th. The shares were sold at an average price of $100.70, for a total value of $3,021,000.00. Following the transaction, the chief executive officer now owns 72,511 shares of the company’s stock, valued at $7,301,857.70. The disclosure for this sale can be found here. 8.00% of the stock is owned by insiders.
Pool Corp. Company Profile
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 in the United States. The Company operates over 340 sales centers in North America, Europe, South America and Australia through its over four distribution networks, such as SCP Distributors (SCP), Superior Pool Products (Superior), Horizon Distributors (Horizon) and National Pool Tile (NPT).
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