IFP Advisors Inc Buys 148,365 Shares of Latham Group, Inc. $SWIM

IFP Advisors Inc lifted its stake in Latham Group, Inc. (NASDAQ:SWIM) by 100.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 296,376 shares of the company’s stock after acquiring an additional 148,365 shares during the quarter. IFP Advisors Inc owned approximately 0.25% of Latham Group worth $2,259,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of SWIM. Rhumbline Advisers grew its stake in Latham Group by 2.7% in the second quarter. Rhumbline Advisers now owns 63,639 shares of the company’s stock valued at $406,000 after purchasing an additional 1,672 shares in the last quarter. Squarepoint Ops LLC raised its stake in shares of Latham Group by 5.5% during the 3rd quarter. Squarepoint Ops LLC now owns 35,978 shares of the company’s stock worth $274,000 after purchasing an additional 1,873 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Latham Group by 83.9% during the 2nd 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. Arizona State Retirement System boosted its holdings in shares of Latham Group by 16.4% in the 3rd quarter. Arizona State Retirement System now owns 13,765 shares of the company’s stock valued at $105,000 after buying an additional 1,939 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Latham Group by 9.9% in the 2nd quarter. JPMorgan Chase & Co. now owns 21,950 shares of the company’s stock valued at $140,000 after buying an additional 1,978 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Latham Group Stock Up 0.7%

SWIM stock opened at $5.55 on Friday. Latham Group, Inc. has a 1-year low of $4.56 and a 1-year high of $8.97. The business’s 50 day simple moving average is $6.51 and its 200 day simple moving average is $6.90. The company has a current ratio of 2.77, a quick ratio of 1.82 and a debt-to-equity ratio of 0.68. The firm has a market capitalization of $648.07 million, a PE ratio of 61.67, a PEG ratio of 1.99 and a beta of 1.70.

Latham Group (NASDAQ:SWIM) last announced its quarterly earnings results on Tuesday, March 3rd. The company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.09) by $0.03. The business 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, research analysts anticipate that Latham Group, Inc. will post -0.04 EPS for the current year.

Analysts Set New Price Targets

SWIM has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d)” rating on shares of Latham Group in a report on Monday, December 29th. 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 research note on Wednesday, March 4th. William Blair reissued an “outperform” rating on shares of Latham Group in a research report on Wednesday, March 4th. Stifel Nicolaus boosted their price objective on shares of Latham Group from $8.75 to $9.50 and gave the stock a “buy” rating in a research note on Wednesday, March 4th. Finally, Zacks Research raised shares of Latham Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, Latham Group has a consensus rating of “Hold” and a consensus target price of $7.33.

Latham Group Company 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.