Stocks
Pinnacle Holdings Invests $3.86 Million in Home Depot Stock
Pinnacle Holdings LLC has invested $3.86 million in The Home Depot, Inc. (NYSE: HD), acquiring 10,943 shares of its stock in the second quarter. This new stake makes up about 1.2% of Pinnacle's holdings and is its 23rd biggest position.
Several other hedge funds have also increased their stakes in Home Depot during the same period. Brighton Jones LLC boosted its holding by 36.5%, while Sivia Capital Partners and Schnieders Capital Management both saw growth of 7.1% and 14.1%, respectively.
The company's earnings per share for the quarter exceeded analysts' expectations, coming in at $4.92. Revenue was up 5.7% year over year, reaching $47.86 billion.