Voss Capital LP Sells 1,949,042 Shares of Latham Group, Inc. $SWIM

Voss Capital LP decreased its position in Latham Group, Inc. (NASDAQ:SWIM) by 30.9% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 4,350,000 shares of the company’s stock after selling 1,949,042 shares during the period. Latham Group comprises 1.6% of Voss Capital LP’s portfolio, making the stock its 15th biggest position. Voss Capital LP owned about 3.73% of Latham Group worth $33,104,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Farther Finance Advisors LLC bought a new position in shares of Latham Group during the 3rd quarter worth approximately $28,000. BNP Paribas Financial Markets lifted its position in shares of 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 in the last quarter. Raymond James Financial Inc. acquired a new position in Latham Group during the second quarter worth $29,000. State of Alaska Department of Revenue acquired a new position in Latham Group during the third quarter worth $47,000. Finally, CWM LLC grew its position in Latham Group by 400.2% in the third quarter. CWM LLC now owns 8,969 shares of the company’s stock valued at $68,000 after purchasing an additional 7,176 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Zacks Research raised shares of Latham Group from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 5th. Barclays lifted their target price on Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. Stifel Nicolaus upped their target price on Latham Group from $8.75 to $9.50 and gave the stock a “buy” rating in a report on Wednesday, March 4th. William Blair reissued an “outperform” rating on shares of Latham Group in a research report on Wednesday, March 4th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Latham Group in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $7.33.

Latham Group Stock Performance

Shares of SWIM stock opened at $6.07 on Wednesday. The company has a fifty day moving average price of $6.55 and a two-hundred day moving average price of $6.94. Latham Group, Inc. has a one year low of $4.56 and a one year high of $8.97. The stock has a market cap of $708.79 million, a P/E ratio of 67.44, a P/E/G ratio of 2.20 and a beta of 1.70. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.77 and a quick ratio of 1.82.

Latham Group (NASDAQ:SWIM) last released its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $99.95 million for the quarter, compared to analyst estimates of $95.86 million. Latham Group had a net margin of 2.04% and a return on equity of 2.79%. As a group, equities analysts predict that Latham Group, Inc. will post -0.04 EPS for the current 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.