Pool Co. (NASDAQ:POOL) Holdings Lifted by Marks Group Wealth Management Inc

Marks Group Wealth Management Inc grew its holdings in shares of Pool Co. (NASDAQ:POOL) by 7.0% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,510 shares of the specialty retailer’s stock after purchasing an additional 424 shares during the quarter. Marks Group Wealth Management Inc’s holdings in Pool were worth $2,220,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. CWM LLC boosted its position in Pool by 3.7% during the 3rd quarter. CWM LLC now owns 777 shares of the specialty retailer’s stock worth $293,000 after acquiring an additional 28 shares during the period. Livforsakringsbolaget Skandia Omsesidigt raised its stake in shares of Pool by 400.0% during the third quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 500 shares of the specialty retailer’s stock valued at $188,000 after purchasing an additional 400 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in Pool in the third quarter worth about $160,000. Sapient Capital LLC bought a new position in Pool in the 3rd quarter valued at about $604,000. Finally, Creative Planning increased its stake in Pool by 1.0% during the 3rd quarter. Creative Planning now owns 5,682 shares of the specialty retailer’s stock valued at $2,141,000 after buying an additional 59 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently weighed in on POOL. Robert W. Baird upped their price target on shares of Pool from $377.00 to $408.00 and gave the stock a “neutral” rating in a research note on Wednesday, October 16th. Stifel Nicolaus upped their target price on Pool from $335.00 to $340.00 and gave the stock a “hold” rating in a research report on Monday, October 28th. Loop Capital increased their price target on Pool from $345.00 to $395.00 and gave the company a “hold” rating in a research note on Friday, October 25th. Wells Fargo & Company dropped their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating on the stock in a research note on Tuesday, February 4th. Finally, Oppenheimer raised their target price on Pool from $380.00 to $386.00 and gave the company an “outperform” rating in a research note on Monday, October 28th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $368.00.

Pool Stock Performance

Shares of NASDAQ POOL opened at $336.35 on Wednesday. The stock’s fifty day simple moving average is $348.42 and its 200 day simple moving average is $356.74. The stock has a market capitalization of $12.80 billion, a price-to-earnings ratio of 28.95, a PEG ratio of 1.92 and a beta of 1.03. The company has a quick ratio of 0.77, a current ratio of 2.39 and a debt-to-equity ratio of 0.61. Pool Co. has a 52-week low of $293.51 and a 52-week high of $422.73.

Pool Company Profile

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.