Polar Asset Management Partners Inc. Invests $3.62 Million in Latham Group, Inc. $SWIM

Polar Asset Management Partners Inc. bought a new stake in Latham Group, Inc. (NASDAQ:SWIM) during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 558,700 shares of the company’s stock, valued at approximately $3,615,000. Polar Asset Management Partners Inc. owned approximately 0.47% of Latham Group as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of SWIM. BNP Paribas Financial Markets raised its holdings in shares of Latham Group by 83.9% in the second quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock worth $27,000 after acquiring an additional 1,921 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Latham Group in the second quarter valued at $29,000. Summit Securities Group LLC acquired a new stake in shares of Latham Group during the first quarter valued at $30,000. Covestor Ltd boosted its stake in shares of Latham Group by 153.0% during the fourth quarter. Covestor Ltd now owns 5,576 shares of the company’s stock valued at $35,000 after acquiring an additional 3,372 shares during the last quarter. Finally, State of Wyoming purchased a new stake in Latham Group during the 4th quarter worth about $55,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Stock Performance

Latham Group stock opened at $7.14 on Wednesday. The stock has a fifty day moving average price of $6.33 and a 200 day moving average price of $6.01. Latham Group, Inc. has a 52 week low of $4.64 and a 52 week high of $8.97. The firm has a market capitalization of $840.02 million, a P/E ratio of 142.80, a PEG ratio of 1.53 and a beta of 1.65. The company has a current ratio of 2.16, a quick ratio of 1.44 and a debt-to-equity ratio of 0.67.

Latham Group (NASDAQ:SWIM) last issued its quarterly earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.05). The business had revenue of $197.47 million during the quarter, compared to analyst estimates of $188.39 million. Latham Group had a return on equity of 1.31% and a net margin of 0.92%. Equities research analysts anticipate that Latham Group, Inc. will post 0.16 earnings per share for the current year.

Analyst Upgrades and Downgrades

SWIM has been the topic of a number of recent research reports. Barclays upped their target price on shares of Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. Weiss Ratings upgraded shares of Latham Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Zacks Research lowered shares of Latham Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, August 6th. Finally, The Goldman Sachs Group restated a “sell” rating on shares of Latham Group in a research report on Wednesday, May 6th. Two research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Reduce” and a consensus price target of $7.83.

About Latham Group

Latham Group, Inc designs, manufactures and supplies a broad range of aquatic products and services for residential and commercial applications. Offerings include fiberglass and vinyl-liner pool shells, commercial water park structures, water slides, surf simulators, pumps, filters, heaters and sanitation systems. The company also provides parts, equipment and technical support for pool installation, maintenance and repair.

Operating across three core segments—commercial, residential and aftermarket—Latham delivers turnkey aquatic facilities and attractions for municipal, hospitality and resort clients, offers packaged pool kits and equipment packages to builders and dealers, and supplies replacement parts, service contracts and technical assistance to support ongoing pool operations.

Headquartered in the United States, Latham Group maintains manufacturing and distribution centers throughout North America and Europe.