AYAL Capital Advisors Ltd Buys 232,100 Shares of Latham Group, Inc. $SWIM

AYAL Capital Advisors Ltd increased its stake in shares of Latham Group, Inc. (NASDAQ:SWIM) by 40.9% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 800,000 shares of the company’s stock after buying an additional 232,100 shares during the period. Latham Group accounts for about 1.2% of AYAL Capital Advisors Ltd’s portfolio, making the stock its 23rd largest holding. AYAL Capital Advisors Ltd owned 0.69% of Latham Group worth $5,104,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Atria Investments Inc acquired a new stake in Latham Group during the second quarter worth approximately $280,000. Voss Capital LP increased its stake in shares of Latham Group by 11.0% during the second quarter. Voss Capital LP now owns 6,299,042 shares of the company’s stock worth $40,188,000 after purchasing an additional 622,327 shares during the period. Advantage Alpha Capital Partners LP increased its stake in shares of Latham Group by 26.8% during the second quarter. Advantage Alpha Capital Partners LP now owns 931,998 shares of the company’s stock worth $5,946,000 after purchasing an additional 196,845 shares during the period. Emerald Mutual Fund Advisers Trust lifted its holdings in Latham Group by 231.9% during the 2nd quarter. Emerald Mutual Fund Advisers Trust now owns 642,554 shares of the company’s stock worth $4,099,000 after purchasing an additional 448,972 shares during the last quarter. Finally, Formula Growth Ltd. boosted its stake in Latham Group by 14.9% in the 2nd quarter. Formula Growth Ltd. now owns 1,318,033 shares of the company’s stock valued at $8,409,000 after purchasing an additional 170,694 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Stifel Nicolaus set a $8.75 price objective on Latham Group in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Latham Group in a research report on Monday. Finally, Barclays boosted their price objective 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. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Latham Group has an average rating of “Sell” and an average price target of $7.44.

Latham Group Stock Up 2.5%

Shares of SWIM opened at $7.06 on Friday. Latham Group, Inc. has a one year low of $4.56 and a one year high of $8.46. The firm has a 50 day simple moving average of $7.13 and a two-hundred day simple moving average of $7.04. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.43 and a quick ratio of 1.72. The company has a market cap of $823.62 million, a P/E ratio of -70.59 and a beta of 1.71.

Latham Group (NASDAQ:SWIM) last posted its earnings results on Tuesday, November 4th. The company reported $0.07 EPS for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.03). The company had revenue of $161.90 million during the quarter, compared to the consensus estimate of $165.35 million. Latham Group had a negative return on equity of 2.80% and a negative net margin of 2.07%. Research analysts forecast that Latham Group, Inc. will post -0.04 EPS for the current fiscal 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.