Latham Group, Inc. $SWIM Shares Bought by CenterBook Partners LP

CenterBook Partners LP grew its holdings in shares of Latham Group, Inc. (NASDAQ:SWIM) by 21.0% in the 4th quarter, Holdings Channel reports. The fund owned 1,245,337 shares of the company’s stock after acquiring an additional 215,774 shares during the period. CenterBook Partners LP’s holdings in Latham Group were worth $7,908,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. State of Wyoming bought a new position in shares of Latham Group during the fourth quarter worth about $55,000. AXQ Capital LP bought a new position in shares of Latham Group during the fourth quarter worth about $96,000. Geode Capital Management LLC lifted its position in shares of Latham Group by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,117,820 shares of the company’s stock worth $7,100,000 after purchasing an additional 3,149 shares during the last quarter. MQS Management LLC bought a new position in shares of Latham Group during the fourth quarter worth about $101,000. Finally, Covestor Ltd lifted its position in shares of Latham Group by 153.0% during the fourth quarter. Covestor Ltd now owns 5,576 shares of the company’s stock worth $35,000 after purchasing an additional 3,372 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Stock Performance

Shares of SWIM stock opened at $5.28 on Monday. The company has a quick ratio of 1.16, a current ratio of 1.88 and a debt-to-equity ratio of 0.70. The business has a 50 day moving average of $5.50 and a two-hundred day moving average of $6.17. Latham Group, Inc. has a 52 week low of $4.64 and a 52 week high of $8.97. The company has a market cap of $619.92 million, a P/E ratio of 75.43, a PEG ratio of 0.90 and a beta of 1.67.

Latham Group (NASDAQ:SWIM) last issued its earnings results on Tuesday, May 5th. The company reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). Latham Group had a net margin of 1.55% and a return on equity of 2.13%. The company 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.

Insider Buying and Selling

In related news, CFO Oliver C. Gloe bought 15,050 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was bought at an average cost of $4.90 per share, for a total transaction of $73,745.00. Following the completion of the purchase, the chief financial officer directly owned 540,758 shares in the company, valued at approximately $2,649,714.20. The trade was a 2.86% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Cline bought 50,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was bought at an average price of $4.84 per share, with a total value of $242,000.00. Following the completion of the purchase, the director owned 100,000 shares of the company’s stock, valued at $484,000. This trade 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.

Analysts Set New Price Targets

Several equities analysts have recently commented on SWIM shares. Stifel Nicolaus increased their price target on shares of Latham Group from $8.75 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. William Blair reaffirmed an “outperform” rating on shares of Latham Group in a research report on Wednesday, March 4th. Zacks Research cut shares of Latham Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 3rd. The Goldman Sachs Group reaffirmed a “sell” rating on shares of Latham Group in a research report on Wednesday, May 6th. Finally, Wall Street Zen cut shares of Latham Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. Two research analysts have rated the stock with a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.50.

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.