Latham Group, Inc. $SWIM Stock Holdings Cut by AYAL Capital Advisors Ltd

AYAL Capital Advisors Ltd lessened its stake in shares of Latham Group, Inc. (NASDAQ:SWIM) by 64.7% in the fourth quarter, Holdings Channel.com reports. The fund owned 300,000 shares of the company’s stock after selling 550,010 shares during the quarter. AYAL Capital Advisors Ltd’s holdings in Latham Group were worth $1,905,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Rhumbline Advisers lifted its position in shares of 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 acquiring an additional 1,672 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Latham Group by 5.1% during the fourth quarter. Deutsche Bank AG now owns 35,682 shares of the company’s stock worth $227,000 after acquiring an additional 1,721 shares in the last quarter. Squarepoint Ops LLC raised its holdings in shares of Latham Group by 5.5% during the third quarter. Squarepoint Ops LLC now owns 35,978 shares of the company’s stock worth $274,000 after acquiring an additional 1,873 shares in the last quarter. BNP Paribas Financial Markets increased its position in Latham Group by 83.9% during the second quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock worth $27,000 after buying an additional 1,921 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in Latham Group by 9.9% during the second 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 and hedge funds own 83.95% of the company’s stock.

Insider Buying and Selling at Latham Group

In other Latham Group news, CFO Oliver C. Gloe bought 15,050 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average price of $4.90 per share, for a total transaction of $73,745.00. Following the transaction, the chief financial officer owned 540,758 shares of the company’s stock, valued at approximately $2,649,714.20. The trade was a 2.86% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director James E. Cline acquired 50,000 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was purchased at an average price of $4.84 per share, with a total value of $242,000.00. Following 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 SEC filing for this purchase provides additional information. Insiders own 3.32% of the company’s stock.

Latham Group Stock Performance

Shares of Latham Group stock opened at $5.62 on Thursday. The firm has a fifty day moving average of $5.54 and a two-hundred day moving average of $6.10. The stock has a market capitalization of $659.86 million, a price-to-earnings ratio of 80.29, a PEG ratio of 0.93 and a beta of 1.67. Latham Group, Inc. has a 52 week low of $4.64 and a 52 week high of $8.97. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.16 and a current ratio of 1.88.

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

Wall Street Analyst Weigh In

Several equities analysts have commented on the stock. Wall Street Zen downgraded shares of Latham Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Stifel Nicolaus lifted their target price on Latham Group from $8.75 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Weiss Ratings upgraded shares of Latham Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Thursday, May 7th. Barclays cut their price target on shares of Latham Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Wednesday, April 8th. Finally, Bank of America cut their target price on shares of Latham Group from $7.00 to $6.00 and set an “underperform” rating for the company in a research note on Monday, April 20th. Two equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7.50.

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.