Boston Advisors Lowers stake in Pool Corporation (POOL)

Pool Corporation (POOL) : Boston Advisors reduced its stake in Pool Corporation by 1.35% during the most recent quarter end. The investment management company now holds a total of 230,670 shares of Pool Corporation which is valued at $23,413,005 after selling 3,155 shares in Pool Corporation , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Pool Corporation makes up approximately 0.57% of Boston Advisors’s portfolio.

Other Hedge Funds, Including , Daiwa Securities Group added POOL to its portfolio by purchasing 1,700 company shares during the most recent quarter which is valued at $172,550. Sigma Planning Corp sold out all of its stake in POOL during the most recent quarter. The investment firm sold 2,883 shares of POOL which is valued $289,223. Ibm Retirement Fund added POOL to its portfolio by purchasing 4,077 company shares during the most recent quarter which is valued at $409,005. Pool Corporation makes up approx 0.01% of Ibm Retirement Fund’s portfolio.

Pool Corporation closed down -0.13 points or -0.13% at $102.28 with 2,44,583 shares getting traded on Friday. Post opening the session at $102.51, the shares hit an intraday low of $101.62 and an intraday high of $102.66 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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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