Perigon Wealth Management LLC Acquires Shares of 78,644 Latham Group, Inc. $SWIM

Perigon Wealth Management LLC bought a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 78,644 shares of the company’s stock, valued at approximately $509,000.

A number of other large investors have also recently modified their holdings of SWIM. Rhumbline Advisers raised its holdings in shares of Latham Group by 2.7% during the 2nd quarter. Rhumbline Advisers now owns 63,639 shares of the company’s stock worth $406,000 after buying an additional 1,672 shares in the last quarter. Deutsche Bank AG boosted its stake in Latham Group by 5.1% in the fourth quarter. Deutsche Bank AG now owns 35,682 shares of the company’s stock valued at $227,000 after buying an additional 1,721 shares in the last quarter. Squarepoint Ops LLC grew its position in 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 acquiring an additional 1,873 shares during the last quarter. BNP Paribas Financial Markets grew its position in 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 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 second quarter. JPMorgan Chase & Co. now owns 21,950 shares of the company’s stock valued at $140,000 after acquiring an additional 1,978 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Stock Performance

NASDAQ:SWIM opened at $7.19 on Thursday. The stock’s 50-day moving average is $6.20 and its 200-day moving average is $5.99. Latham Group, Inc. has a 1-year low of $4.64 and a 1-year high of $8.97. The company has a current ratio of 2.16, a quick ratio of 1.44 and a debt-to-equity ratio of 0.67. The stock has a market cap of $845.90 million, a P/E ratio of 143.80, a price-to-earnings-growth ratio of 1.52 and a beta of 1.65.

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

Analysts Set New Price Targets

A number of research firms have recently commented on SWIM. Weiss Ratings reissued a “hold (c-)” rating on shares of Latham Group in a report on Tuesday, August 4th. The Goldman Sachs Group reissued a “sell” rating on shares of Latham Group in a research note on Wednesday, May 6th. 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, Barclays upped their price target on shares of Latham Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and three have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average price target of $7.83.

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.