Wellington Management Group LLP Has $73.53 Million Position in Latham Group, Inc. $SWIM

Wellington Management Group LLP raised its stake in shares of Latham Group, Inc. (NASDAQ:SWIM) by 24.0% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 11,364,049 shares of the company’s stock after buying an additional 2,201,843 shares during the period. Wellington Management Group LLP owned about 0.10% of Latham Group worth $73,525,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the company. Rhumbline Advisers grew its position in Latham Group by 2.7% in the second quarter. Rhumbline Advisers now owns 63,639 shares of the company’s stock worth $406,000 after acquiring an additional 1,672 shares in the last quarter. Deutsche Bank AG boosted its holdings in Latham Group by 5.1% during the fourth quarter. Deutsche Bank AG now owns 35,682 shares of the company’s stock valued at $227,000 after acquiring an additional 1,721 shares during the period. Squarepoint Ops LLC grew its holdings in Latham Group by 5.5% in the 3rd quarter. Squarepoint Ops LLC now owns 35,978 shares of the company’s stock valued at $274,000 after buying an additional 1,873 shares during the last quarter. BNP Paribas Financial Markets grew its stake 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. Finally, JPMorgan Chase & Co. grew its position in Latham Group by 9.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,950 shares of the company’s stock worth $140,000 after purchasing an additional 1,978 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Barclays lifted their price objective on Latham Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Latham Group in a research note on Wednesday, May 6th. Zacks Research cut Latham Group from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Finally, Weiss Ratings raised shares of Latham Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, Latham Group has a consensus rating of “Reduce” and a consensus target price of $7.83.

Latham Group Stock Down 0.1%

Shares of NASDAQ:SWIM opened at $6.87 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.44 and a current ratio of 2.16. Latham Group, Inc. has a 52 week low of $4.64 and a 52 week high of $8.97. The company has a 50 day moving average price of $6.47 and a two-hundred day moving average price of $6.03. The company has a market capitalization of $808.26 million, a PE ratio of 137.40, a PEG ratio of 1.50 and a beta of 1.72.

Latham Group (NASDAQ:SWIM) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.05). The business had revenue of $197.47 million for 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%. Analysts forecast that Latham Group, Inc. will post 0.16 earnings per share for the current year.

Latham Group Company Profile

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.