7,663 Shares in Pool Corporation $POOL Acquired by Y Intercept Hong Kong Ltd

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

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in POOL. Clearstead Trust LLC acquired a new position in Pool in the second quarter worth about $25,000. Root Financial Partners LLC bought a new stake in shares of Pool during the third quarter valued at approximately $29,000. Chilton Capital Management LLC acquired a new stake in shares of Pool in the 2nd quarter valued at $30,000. CYBER HORNET ETFs LLC acquired a new position in Pool during the 2nd quarter valued at about $30,000. Finally, MUFG Securities EMEA plc acquired a new position in Pool in the second quarter valued at approximately $33,000. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

POOL has been the topic of several analyst reports. The Goldman Sachs Group cut their target price on shares of Pool from $360.00 to $310.00 and set a “buy” rating on the stock in a report on Tuesday, January 13th. William Blair reiterated a “market perform” rating on shares of Pool in a research note on Wednesday, October 15th. Wells Fargo & Company dropped their price objective on Pool from $320.00 to $250.00 and set an “equal weight” rating on the stock in a research note on Monday, December 15th. Cfra upgraded shares of Pool from a “hold” rating to a “buy” rating and set a $304.00 target price for the company in a research note on Monday, December 22nd. Finally, Stifel Nicolaus cut their price target on Pool from $295.00 to $240.00 and set a “hold” rating for the company in a report on Tuesday, December 16th. One equities research 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 assigned a Sell rating to the company. According to data from MarketBeat, Pool has an average rating of “Hold” and an average target price of $308.00.

Pool Stock Performance

Shares of POOL stock traded down $2.33 on Wednesday, hitting $262.13. 10,758 shares of the stock were exchanged, compared to its average volume of 754,773. The firm’s 50 day moving average is $243.93 and its two-hundred day moving average is $281.02. The firm has a market capitalization of $9.76 billion, a PE ratio of 23.89, a P/E/G ratio of 4.68 and a beta of 1.23. The company has a current ratio of 2.57, a quick ratio of 0.87 and a debt-to-equity ratio of 0.76. Pool Corporation has a one year low of $226.10 and a one year high of $374.74.

Pool Company Profile

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.