Advantage Alpha Capital Partners LP Grows Stake in Latham Group, Inc. $SWIM

Advantage Alpha Capital Partners LP lifted its stake in Latham Group, Inc. (NASDAQ:SWIM) by 26.8% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 931,998 shares of the company’s stock after purchasing an additional 196,845 shares during the quarter. Latham Group comprises approximately 1.6% of Advantage Alpha Capital Partners LP’s holdings, making the stock its 6th largest position. Advantage Alpha Capital Partners LP owned 0.80% of Latham Group worth $5,946,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Los Angeles Capital Management LLC bought a new stake in Latham Group in the second quarter worth $66,000. JPMorgan Chase & Co. boosted its stake in Latham Group by 9.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,950 shares of the company’s stock worth $140,000 after purchasing an additional 1,978 shares in the last quarter. Olympiad Research LP purchased a new stake in Latham Group during the 2nd quarter valued at about $141,000. Cornerstone Investment Partners LLC bought a new stake in Latham Group during the 2nd quarter valued at about $147,000. Finally, Deutsche Bank AG raised its holdings in Latham Group by 13.7% in the first quarter. Deutsche Bank AG now owns 24,220 shares of the company’s stock worth $156,000 after buying an additional 2,914 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. Barclays increased their price target on shares of Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Latham Group in a research report on Tuesday. Finally, Stifel Nicolaus set a $8.75 target price on Latham Group in a report on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $7.95.

Latham Group Trading Up 1.4%

Shares of SWIM stock opened at $7.20 on Friday. The company has a current ratio of 2.43, a quick ratio of 1.72 and a debt-to-equity ratio of 0.68. Latham Group, Inc. has a 12-month low of $4.56 and a 12-month high of $8.46. The stock has a market capitalization of $839.95 million, a P/E ratio of -71.99 and a beta of 1.71. The firm’s 50 day moving average is $7.23 and its 200 day moving average is $6.97.

Latham Group (NASDAQ:SWIM) last released its quarterly earnings results on Tuesday, November 4th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). Latham Group had a negative net margin of 2.07% and a negative return on equity of 2.80%. The firm had revenue of $161.90 million for the quarter, compared to the consensus estimate of $165.35 million. Latham Group has set its FY 2025 guidance at EPS. Research analysts expect that Latham Group, Inc. will post -0.04 earnings per share for the current year.

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.