Voss Capital LP Sells 1,949,042 Shares of Latham Group, Inc. $SWIM

Voss Capital LP cut its holdings in shares of Latham Group, Inc. (NASDAQ:SWIM) by 30.9% during the third quarter, Holdings Channel reports. The fund owned 4,350,000 shares of the company’s stock after selling 1,949,042 shares during the quarter. Latham Group comprises about 1.6% of Voss Capital LP’s holdings, making the stock its 15th biggest holding. Voss Capital LP’s holdings in Latham Group were worth $33,104,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in SWIM. Rhumbline Advisers lifted its holdings in Latham Group by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 63,639 shares of the company’s stock valued at $406,000 after purchasing an additional 1,672 shares during the last quarter. Squarepoint Ops LLC increased its holdings in shares of Latham Group by 5.5% in the third quarter. Squarepoint Ops LLC now owns 35,978 shares of the company’s stock valued at $274,000 after purchasing an additional 1,873 shares during the last quarter. BNP Paribas Financial Markets raised its position 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 valued at $27,000 after purchasing an additional 1,921 shares during the period. Arizona State Retirement System raised its position in shares of Latham Group by 16.4% in the third quarter. Arizona State Retirement System now owns 13,765 shares of the company’s stock valued at $105,000 after purchasing an additional 1,939 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Latham Group by 9.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 21,950 shares of the company’s stock worth $140,000 after buying an additional 1,978 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Latham Group Stock Down 0.8%

SWIM opened at $6.07 on Wednesday. The stock has a fifty day moving average of $6.55 and a 200-day moving average of $6.94. The company has a market capitalization of $708.79 million, a P/E ratio of 67.44, a P/E/G ratio of 2.20 and a beta of 1.70. Latham Group, Inc. has a fifty-two week low of $4.56 and a fifty-two week high of $8.97. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.82 and a current ratio of 2.77.

Latham Group (NASDAQ:SWIM) last released its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.09) by $0.03. Latham Group had a net margin of 2.04% and a return on equity of 2.79%. The business had revenue of $99.95 million for the quarter, compared to the consensus estimate of $95.86 million. On average, equities analysts expect that Latham Group, Inc. will post -0.04 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on SWIM. William Blair reaffirmed an “outperform” rating on shares of Latham Group in a report on Wednesday, March 4th. Weiss Ratings reissued a “sell (d)” rating on shares of Latham Group in a report on Monday, December 29th. Barclays raised their price objective on shares of Latham Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. Zacks Research upgraded Latham Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Finally, Stifel Nicolaus upped their target price on Latham Group from $8.75 to $9.50 and gave the company a “buy” rating in a research report on Wednesday, March 4th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $7.33.

Latham Group 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.