BloombergSen Inc. Decreases Stock Holdings in Latham Group, Inc. $SWIM

BloombergSen Inc. decreased its position in Latham Group, Inc. (NASDAQ:SWIM) by 32.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 230,923 shares of the company’s stock after selling 112,168 shares during the quarter. Latham Group makes up 0.1% of BloombergSen Inc.’s investment portfolio, making the stock its 22nd largest position. BloombergSen Inc.’s holdings in Latham Group were worth $1,466,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Covestor Ltd increased its position in shares of Latham Group by 153.0% in the fourth quarter. Covestor Ltd now owns 5,576 shares of the company’s stock valued at $35,000 after acquiring an additional 3,372 shares during the period. ELCO Management Co. LLC increased its position in shares of Latham Group by 11.3% in the fourth quarter. ELCO Management Co. LLC now owns 73,510 shares of the company’s stock valued at $467,000 after acquiring an additional 7,461 shares during the period. UBS Group AG increased its position in shares of 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 acquiring an additional 903,032 shares during the period. waypoint wealth counsel purchased a new position in shares of Latham Group in the fourth quarter valued at about $64,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Latham Group by 22.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 28,203 shares of the company’s stock valued at $179,000 after acquiring an additional 5,190 shares during the period. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Wall Street Zen lowered shares of Latham Group from a “buy” rating to a “hold” rating in a research note on Sunday, April 12th. Stifel Nicolaus lifted their target price on shares of Latham Group from $8.75 to $9.50 and gave the company a “buy” rating in a research note on Wednesday, March 4th. Weiss Ratings raised 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 target price on shares of Latham Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 8th. Finally, The Goldman Sachs Group reaffirmed a “sell” rating on shares of Latham Group in a research note on Wednesday, May 6th. Two investment analysts have rated the stock with a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.50.

Insider Activity

In other news, Director James E. Cline bought 50,000 shares of the firm’s stock in a transaction on Tuesday, May 19th. The stock was acquired at an average cost of $4.84 per share, with a total value of $242,000.00. Following the completion of the acquisition, the director owned 100,000 shares of the company’s stock, valued at approximately $484,000. This represents a 100.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Oliver C. Gloe bought 15,050 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was purchased at an average cost of $4.90 per share, with a total value of $73,745.00. Following the completion of the acquisition, the chief financial officer directly 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 disclosure for this purchase is available in the SEC filing. 3.32% of the stock is currently owned by insiders.

Latham Group Trading Up 1.2%

NASDAQ:SWIM opened at $5.22 on Friday. Latham Group, Inc. has a one year low of $4.64 and a one year high of $8.97. 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 company’s 50-day simple moving average is $5.60 and its 200 day simple moving average is $6.27. The firm has a market capitalization of $612.88 million, a P/E ratio of 74.57, a PEG ratio of 0.88 and a beta of 1.72.

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

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.