AdviceOne Advisory Services LLC Takes $991,000 Position in Latham Group, Inc. $SWIM

AdviceOne Advisory Services LLC acquired a new stake in shares of Latham Group, Inc. (NASDAQ:SWIM) in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 130,186 shares of the company’s stock, valued at approximately $991,000. Latham Group comprises approximately 0.7% of AdviceOne Advisory Services LLC’s investment portfolio, making the stock its 9th largest position. AdviceOne Advisory Services LLC owned approximately 0.11% of Latham Group as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Voss Capital LP raised its stake in Latham Group by 11.0% during the 2nd quarter. Voss Capital LP now owns 6,299,042 shares of the company’s stock valued at $40,188,000 after buying an additional 622,327 shares during the last quarter. Citadel Advisors LLC boosted its stake in shares of Latham Group by 206.5% in the 3rd quarter. Citadel Advisors LLC now owns 4,620,114 shares of the company’s stock worth $35,159,000 after buying an additional 3,112,708 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of Latham Group by 36.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,257,228 shares of the company’s stock worth $24,788,000 after buying an additional 873,903 shares during the last quarter. Wasatch Advisors LP grew its holdings in shares of Latham Group by 29.5% in the second quarter. Wasatch Advisors LP now owns 3,116,247 shares of the company’s stock worth $19,882,000 after acquiring an additional 709,368 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in Latham Group by 4.5% during the third quarter. Dimensional Fund Advisors LP now owns 2,741,719 shares of the company’s stock valued at $20,864,000 after acquiring an additional 118,497 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Latham Group Stock Performance

Shares of SWIM stock opened at $6.07 on Wednesday. The business has a fifty day moving average of $6.55 and a 200 day moving average of $6.94. Latham Group, Inc. has a 1 year low of $4.56 and a 1 year high of $8.97. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.77 and a quick ratio of 1.82. The firm has a market capitalization of $708.79 million, a price-to-earnings ratio of 67.44, a price-to-earnings-growth ratio of 2.20 and a beta of 1.70.

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

Analyst Upgrades and Downgrades

Several research firms have recently commented on SWIM. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Latham Group in a research report on Monday, December 29th. Barclays boosted their target price on shares of Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Wednesday, March 4th. Zacks Research raised shares of Latham Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. William Blair reiterated an “outperform” rating on shares of Latham Group in a research report on Wednesday, March 4th. Finally, Stifel Nicolaus lifted their price target 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. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has assigned a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $7.33.

About Latham Group

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.