Squarepoint Ops LLC Buys 234,130 Shares of Latham Group, Inc. $SWIM

Squarepoint Ops LLC lifted its stake in shares of Latham Group, Inc. (NASDAQ:SWIM) by 68.7% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 574,790 shares of the company’s stock after acquiring an additional 234,130 shares during the period. Squarepoint Ops LLC’s holdings in Latham Group were worth $3,719,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in Latham Group by 83.9% in the second quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock worth $27,000 after purchasing an additional 1,921 shares during the period. Raymond James Financial Inc. acquired a new position in shares of Latham Group during the second quarter valued at about $29,000. Summit Securities Group LLC bought a new position in shares of Latham Group during the 1st quarter worth about $30,000. Covestor Ltd boosted its position in shares of Latham Group by 153.0% during the 4th quarter. Covestor Ltd now owns 5,576 shares of the company’s stock worth $35,000 after purchasing an additional 3,372 shares in the last quarter. Finally, State of Wyoming acquired a new stake in shares of Latham Group in the 4th quarter valued at about $55,000. 83.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

SWIM has been the subject of a number of research analyst reports. Weiss Ratings raised Latham Group from a “hold (c-)” rating to a “hold (c)” rating in a research report on Tuesday, August 18th. Barclays increased their price target on Latham Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Finally, Zacks Research raised Latham Group from a “strong sell” rating to a “hold” rating in a research note on Friday, September 4th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $7.83.

Latham Group Trading Down 0.2%

Shares of Latham Group stock opened at $6.32 on Friday. The company has a market capitalization of $743.55 million, a P/E ratio of 126.40, a price-to-earnings-growth ratio of 1.38 and a beta of 1.72. The stock has a fifty day simple moving average of $6.52 and a 200 day simple moving average of $6.04. Latham Group, Inc. has a 12-month low of $4.64 and a 12-month 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.

Latham Group (NASDAQ:SWIM) last issued its quarterly earnings data on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.05). The company had revenue of $197.47 million for the quarter, compared to the consensus estimate of $188.39 million. Latham Group had a net margin of 0.92% and a return on equity of 1.31%. On average, sell-side analysts anticipate that Latham Group, Inc. will post 0.16 earnings per share 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.