Concurrent Investment Advisors LLC Has $2.89 Million Stock Holdings in Pool Co. (NASDAQ:POOL)

Concurrent Investment Advisors LLC cut its holdings in Pool Co. (NASDAQ:POOL) by 1.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,477 shares of the specialty retailer’s stock after selling 150 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Pool were worth $2,890,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Sierra Ocean LLC acquired a new stake in Pool in the fourth quarter valued at approximately $30,000. Brooklyn Investment Group bought a new position in shares of Pool in the third quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB bought a new position in shares of Pool in the third quarter valued at approximately $60,000. YANKCOM Partnership bought a new position in shares of Pool in the fourth quarter valued at approximately $61,000. Finally, Hilltop National Bank raised its position in shares of Pool by 18.1% in the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock valued at $140,000 after purchasing an additional 63 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have recently commented on POOL. Wells Fargo & Company dropped their price target on shares of Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research report on Tuesday, February 4th. Oppenheimer lifted their price target on shares of Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research report on Monday, October 28th. StockNews.com raised shares of Pool from a “sell” rating to a “hold” rating in a research report on Thursday. Stifel Nicolaus lifted their price target on shares of Pool from $335.00 to $340.00 and gave the company a “hold” rating in a research report on Monday, October 28th. Finally, Loop Capital boosted their target price on shares of Pool from $345.00 to $395.00 and gave the stock a “hold” rating in a research report on Friday, October 25th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $368.00.

Pool Trading Down 0.1 %

Shares of POOL stock opened at $344.00 on Friday. The firm has a market capitalization of $13.09 billion, a P/E ratio of 29.60, a price-to-earnings-growth ratio of 1.93 and a beta of 1.03. The company has a current ratio of 2.39, a quick ratio of 0.77 and a debt-to-equity ratio of 0.61. The firm’s fifty day simple moving average is $343.47 and its 200 day simple moving average is $355.62. Pool Co. has a 1 year low of $293.51 and a 1 year high of $422.73.

Pool (NASDAQ:POOL) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.08. The firm had revenue of $987.48 million for the quarter, compared to analyst estimates of $961.04 million. Pool had a net margin of 8.42% and a return on equity of 31.89%. As a group, sell-side analysts predict that Pool Co. will post 11.05 EPS for the current year.

About Pool

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.