Latham Group, Inc. (NASDAQ:SWIM) Shares Acquired by SG Americas Securities LLC

SG Americas Securities LLC lifted its position in Latham Group, Inc. (NASDAQ:SWIM) by 63.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,008 shares of the company’s stock after acquiring an additional 10,436 shares during the period. SG Americas Securities LLC’s holdings in Latham Group were worth $71,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in SWIM. Vanguard Group Inc. boosted its stake in Latham Group by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 2,061,853 shares of the company’s stock worth $5,773,000 after purchasing an additional 28,107 shares during the last quarter. American Century Companies Inc. raised its position in shares of Latham Group by 311.2% in the third quarter. American Century Companies Inc. now owns 45,160 shares of the company’s stock valued at $126,000 after buying an additional 34,178 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Latham Group in the third quarter valued at about $260,000. ELCO Management Co. LLC acquired a new stake in shares of Latham Group in the third quarter valued at about $118,000. Finally, Aigen Investment Management LP acquired a new stake in shares of Latham Group in the third quarter valued at about $35,000. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Latham Group Price Performance

Latham Group stock opened at $3.07 on Friday. Latham Group, Inc. has a 12-month low of $2.04 and a 12-month high of $4.77. The stock has a market cap of $354.25 million, a P/E ratio of -102.33 and a beta of 1.57. The company has a 50-day moving average price of $3.26 and a 200 day moving average price of $2.75. The company has a current ratio of 2.77, a quick ratio of 1.64 and a debt-to-equity ratio of 0.70.

Latham Group (NASDAQ:SWIM) last released its quarterly earnings data on Tuesday, March 12th. The company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.08. Latham Group had a negative net margin of 0.42% and a negative return on equity of 0.62%. The firm had revenue of $90.90 million during the quarter, compared to analysts’ expectations of $86.95 million. During the same period last year, the business earned ($0.17) earnings per share. Latham Group’s revenue was down 15.8% compared to the same quarter last year. Sell-side analysts anticipate that Latham Group, Inc. will post -0.24 earnings per share for the current year.

Insider Activity

In related news, General Counsel Patrick M. Sheller sold 10,431 shares of Latham Group stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $3.05, for a total value of $31,814.55. Following the completion of the transaction, the general counsel now owns 139,164 shares in the company, valued at $424,450.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, General Counsel Patrick M. Sheller sold 10,431 shares of Latham Group stock in a transaction that occurred on Monday, March 4th. The shares were sold at an average price of $3.05, for a total value of $31,814.55. Following the completion of the transaction, the general counsel now owns 139,164 shares in the company, valued at $424,450.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott Michael Rajeski sold 24,913 shares of Latham Group stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $3.05, for a total transaction of $75,984.65. Following the completion of the transaction, the chief executive officer now owns 266,143 shares of the company’s stock, valued at approximately $811,736.15. The disclosure for this sale can be found here. Over the last quarter, insiders sold 54,383 shares of company stock valued at $165,868. 8.60% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

SWIM has been the subject of a number of recent research reports. Stifel Nicolaus upgraded shares of Latham Group from a “hold” rating to a “buy” rating and increased their target price for the company from $3.00 to $4.00 in a research report on Monday, March 18th. Bank of America cut shares of Latham Group from a “buy” rating to an “underperform” rating and reduced their target price for the company from $4.50 to $2.60 in a research report on Wednesday, March 13th.

Latham Group Company Profile

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.