Mesirow Financial Investment Management – Equity Management adds Pool Corporation (POOL) to its portfolio

Pool Corporation (POOL) : Mesirow Financial Investment Management – Equity Management added new position in Pool Corporation during the most recent quarter end. The investment management firm now holds 280,190 shares of Pool Corporation which is valued at $28,061,029 , the company said in a statement filed on Aug 8, 2016 with the SEC.Pool Corporation makes up approximately 1.60% of Mesirow Financial Investment Management – Equity Management’s portfolio.

Other Hedge Funds, Including , Feltz Wealth Plan reduced its stake in POOL by selling 68 shares or 50.0% in the most recent quarter. The Hedge Fund company now holds 68 shares of POOL which is valued at $6,810.Dekabank Deutsche Girozentrale reduced its stake in POOL by selling 4,500 shares or 17.31% in the most recent quarter. The Hedge Fund company now holds 21,500 shares of POOL which is valued at $2,148,710. Pool Corporation makes up approx 0.02% of Dekabank Deutsche Girozentrale’s portfolio.Insight Capital Research Management Inc reduced its stake in POOL by selling 2,422 shares or 10.23% in the most recent quarter. The Hedge Fund company now holds 21,263 shares of POOL which is valued at $2,158,195. Pool Corporation makes up approx 0.72% of Insight Capital Research Management Inc’s portfolio. Cutler Group Lp added POOL to its portfolio by purchasing 600 company shares during the most recent quarter which is valued at $58,056.

Pool Corporation opened for trading at $99.93 and hit $100.685 on the upside on Monday, eventually ending the session at $100.495, with a gain of 0.30% or 0.305 points. The heightened volatility saw the trading volume jump to 1,03,646 shares. Company has a market cap of $4,226 M.

On the company’s financial health, Pool Corporation reported $1.98 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Jul 21, 2016. Analyst had a consensus of $1.93. The company had revenue of $918.90 million for the quarter, compared to analysts expectations of $904.02 million. The company’s revenue was up 7.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.75 EPS.

Many Wall Street Analysts have commented on Pool Corporation. Pool Corporation was Downgraded by Johnson Rice to ” Accumulate” on Jul 15, 2016.

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. The Company operates approximately 328 sales centers in North America Europe South America and Australia through its four distribution networks: SCP Distributors (SCP); Superior Pool Products (Superior); Horizon Distributors (Horizon) and National Pool Tile (NPT). The Company’s product offerings also include building materials used for pool construction installations and remodeling such as concrete and pool surfacing and decking materials. The Company’s products include maintenance products repair and replacement parts for pool equipment packaged pool kits pool equipment and components for pool construction and irrigation and landscape products among others.

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