Latham Group (NASDAQ:SWIM) Director Acquires $242,000.00 in Stock

Latham Group, Inc. (NASDAQ:SWIM) Director James Cline bought 50,000 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was purchased at an average cost of $4.84 per share, with a total value of $242,000.00. Following the completion of the transaction, the director owned 100,000 shares in the company, valued at $484,000. This represents a 100.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Latham Group Stock Performance

NASDAQ SWIM opened at $5.22 on Friday. The company has a market cap of $612.88 million, a P/E ratio of 74.57, a P/E/G ratio of 0.88 and a beta of 1.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 1.16. The stock has a 50-day moving average of $5.60 and a two-hundred day moving average of $6.27. Latham Group, Inc. has a 1-year low of $4.64 and a 1-year high of $8.97.

Latham Group (NASDAQ:SWIM) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing the consensus estimate of ($0.05) by ($0.02). Latham Group had a net margin of 1.55% and a return on equity of 2.13%. The firm had revenue of $117.32 million during the quarter, compared to analyst estimates of $118.39 million. As a group, analysts anticipate that Latham Group, Inc. will post 0.18 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. Bank of America lowered their price objective on Latham Group from $7.00 to $6.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. The Goldman Sachs Group reissued a “sell” rating on shares of Latham Group in a research report on Wednesday, May 6th. Wall Street Zen downgraded Latham Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. William Blair reissued an “outperform” rating on shares of Latham Group in a research report on Wednesday, March 4th. Finally, Weiss Ratings raised Latham Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Thursday, May 7th. Two analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $7.50.

Hedge Funds Weigh In On Latham Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in SWIM. Wellington Management Group LLP boosted its holdings in Latham Group by 216.4% in the fourth quarter. Wellington Management Group LLP now owns 6,749,349 shares of the company’s stock valued at $42,858,000 after purchasing an additional 4,616,367 shares in the last quarter. Citadel Advisors LLC boosted its holdings in Latham Group by 206.5% in the third quarter. Citadel Advisors LLC now owns 4,620,114 shares of the company’s stock valued at $35,159,000 after purchasing an additional 3,112,708 shares in the last quarter. CAS Investment Partners LLC acquired a new position in Latham Group in the third quarter valued at approximately $7,610,000. UBS Group AG boosted its holdings in Latham Group by 1,709.2% in the fourth quarter. UBS Group AG now owns 955,867 shares of the company’s stock valued at $6,070,000 after purchasing an additional 903,032 shares in the last quarter. Finally, Vanguard Group Inc. boosted its holdings in Latham Group by 36.7% in the third quarter. Vanguard Group Inc. now owns 3,257,228 shares of the company’s stock valued at $24,788,000 after purchasing an additional 873,903 shares in the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

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.