Gilder Gagnon Howe & Co. LLC Cuts Position in Pool Corp. (POOL)
Gilder Gagnon Howe & Co. LLC decreased its position in shares of Pool Corp. (NASDAQ:POOL) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 469,168 shares of the company’s stock after selling 4,207 shares during the period. Gilder Gagnon Howe & Co. LLC’s holdings in Pool Corp. were worth $44,116,000 as of its most recent filing with the SEC.
Other large investors also recently modified their holdings of the company. Riverhead Capital Management LLC boosted its stake in Pool Corp. by 13.3% in the first quarter. Riverhead Capital Management LLC now owns 8,272 shares of the company’s stock worth $726,000 after buying an additional 972 shares during the period. Rice Hall James & Associates LLC boosted its stake in Pool Corp. by 1.2% in the second quarter. Rice Hall James & Associates LLC now owns 262,623 shares of the company’s stock worth $24,694,000 after buying an additional 3,143 shares during the period. BNP Paribas Arbitrage SA boosted its stake in Pool Corp. by 53,036.4% in the second quarter. BNP Paribas Arbitrage SA now owns 17,535 shares of the company’s stock worth $1,649,000 after buying an additional 17,502 shares during the period. LS Investment Advisors LLC boosted its stake in Pool Corp. by 64.5% in the second quarter. LS Investment Advisors LLC now owns 2,568 shares of the company’s stock worth $241,000 after buying an additional 1,007 shares during the period. Finally, UBS Group AG boosted its stake in Pool Corp. by 37.0% in the first quarter. UBS Group AG now owns 12,993 shares of the company’s stock worth $1,140,000 after buying an additional 3,508 shares during the period. 91.46% of the stock is currently owned by institutional investors.
Shares of Pool Corp. (NASDAQ:POOL) traded down 1.04% on Wednesday, hitting $92.39. The stock had a trading volume of 160,614 shares. Pool Corp. has a 52-week low of $71.10 and a 52-week high of $102.86. The firm’s 50-day moving average price is $95.50 and its 200 day moving average price is $94.06. The firm has a market cap of $3.88 billion, a PE ratio of 28.07 and a beta of 0.90.
Pool Corp. (NASDAQ:POOL) last issued its quarterly earnings results on Thursday, July 21st. The company reported $1.98 earnings per share for the quarter, topping the Thomson Reuters’ 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 company had revenue of $918.90 million for the quarter, compared to the consensus estimate of $904.82 million. During the same quarter in the prior year, the business earned $1.75 EPS. Pool Corp.’s revenue was up 7.9% on a year-over-year basis. On average, equities research analysts predict that Pool Corp. will post $3.43 EPS for the current year.
POOL has been the subject of a number of research analyst reports. Johnson Rice cut Pool Corp. from a “buy” rating to an “accumulate” rating in a research note on Friday, July 15th. Zacks Investment Research upgraded Pool Corp. from a “hold” rating to a “buy” rating and set a $110.00 price target for the company in a research note on Friday, July 22nd. Finally, Wedbush reiterated an “outperform” rating and issued a $115.00 price target on shares of Pool Corp. in a research note on Monday, October 3rd. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $97.80.
In other news, insider Mark W. Joslin sold 7,500 shares of the company’s stock in a transaction dated Tuesday, July 26th. The stock was sold at an average price of $100.85, for a total transaction of $756,375.00. Following the completion of the transaction, the insider now directly owns 127,859 shares of the company’s stock, valued at approximately $12,894,580.15. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Arthur D. Cook sold 18,000 shares of the company’s stock in a transaction dated Friday, July 29th. The stock was sold at an average price of $102.18, for a total value of $1,839,240.00. Following the transaction, the insider now directly owns 93,452 shares of the company’s stock, valued at $9,548,925.36. The disclosure for this sale can be found here. Insiders own 8.00% of the company’s stock.
About Pool Corp.
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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