Lecap Asset Management Ltd. Purchases New Position in Pool Co. (NASDAQ:POOL)

Lecap Asset Management Ltd. acquired a new stake in Pool Co. (NASDAQ:POOL) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 2,102 shares of the specialty retailer’s stock, valued at approximately $717,000.

Several other institutional investors have also added to or reduced their stakes in POOL. Brooklyn Investment Group purchased a new position in shares of Pool in the third quarter worth $31,000. Wilmington Savings Fund Society FSB purchased a new position in Pool in the 3rd quarter worth about $60,000. YANKCOM Partnership bought a new position in Pool during the 4th quarter valued at about $61,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in shares of Pool by 101.2% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 326 shares of the specialty retailer’s stock valued at $123,000 after acquiring an additional 164 shares during the last quarter. Finally, Hilltop National Bank grew its stake in shares of Pool by 18.1% in the fourth quarter. Hilltop National Bank now owns 412 shares of the specialty retailer’s stock worth $140,000 after acquiring an additional 63 shares during the period. 98.99% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Robert W. Baird increased their price objective on shares of Pool from $377.00 to $408.00 and gave the company a “neutral” rating in a research report on Wednesday, October 16th. Oppenheimer raised their price target on Pool from $380.00 to $386.00 and gave the stock an “outperform” rating in a research note on Monday, October 28th. Wells Fargo & Company reduced their price objective on Pool from $370.00 to $360.00 and set an “equal weight” rating for the company in a research report on Tuesday. Stifel Nicolaus raised 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. Finally, StockNews.com lowered shares of Pool from a “hold” rating to a “sell” rating in a research report on Saturday. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $368.00.

Pool Price Performance

Shares of NASDAQ:POOL opened at $331.71 on Friday. The company has a market capitalization of $12.62 billion, a P/E ratio of 28.55, a P/E/G ratio of 1.93 and a beta of 1.03. Pool Co. has a 1-year low of $293.51 and a 1-year high of $422.73. The firm’s 50 day simple moving average is $350.96 and its two-hundred day simple moving average is $356.82. The company has a debt-to-equity ratio of 0.61, a current ratio of 2.39 and a quick ratio of 0.77.

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.