AdviceOne Advisory Services LLC Acquires Shares of 130,186 Latham Group, Inc. $SWIM

AdviceOne Advisory Services LLC acquired a new stake in Latham Group, Inc. (NASDAQ:SWIM) during the 3rd quarter, Holdings Channel.com reports. The fund acquired 130,186 shares of the company’s stock, valued at approximately $991,000. Latham Group comprises about 0.7% of AdviceOne Advisory Services LLC’s investment portfolio, making the stock its 9th largest position.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Voss Capital LP lifted its position in Latham Group by 11.0% during the second quarter. Voss Capital LP now owns 6,299,042 shares of the company’s stock valued at $40,188,000 after purchasing an additional 622,327 shares during the period. Advantage Alpha Capital Partners LP boosted its holdings in Latham Group by 26.8% in the second quarter. Advantage Alpha Capital Partners LP now owns 931,998 shares of the company’s stock valued at $5,946,000 after purchasing an additional 196,845 shares during the last quarter. AYAL Capital Advisors Ltd grew its position in Latham Group by 40.9% during the 2nd quarter. AYAL Capital Advisors Ltd now owns 800,000 shares of the company’s stock worth $5,104,000 after purchasing an additional 232,100 shares during the period. CAS Investment Partners LLC acquired a new stake in Latham Group during the 3rd quarter worth about $7,610,000. Finally, Formula Growth Ltd. raised its stake in shares of Latham Group by 14.9% during the 2nd quarter. Formula Growth Ltd. now owns 1,318,033 shares of the company’s stock valued at $8,409,000 after buying an additional 170,694 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Stock Performance

Latham Group stock opened at $6.07 on Wednesday. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.77 and a quick ratio of 1.82. Latham Group, Inc. has a 12 month low of $4.56 and a 12 month high of $8.97. The company has a fifty day moving average price of $6.55 and a two-hundred day moving average price of $6.94. The company has a market cap of $708.79 million, a PE ratio of 67.44, a P/E/G ratio of 2.20 and a beta of 1.70.

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

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on SWIM. Zacks Research raised Latham Group from a “hold” rating to a “strong-buy” rating in a report on Thursday, March 5th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Latham Group in a report on Monday, December 29th. William Blair reiterated an “outperform” rating on shares of Latham Group in a research report on Wednesday, March 4th. Stifel Nicolaus boosted their price target on Latham Group from $8.75 to $9.50 and gave the company a “buy” rating in a report on Wednesday, March 4th. Finally, Barclays upped their price objective on Latham Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research report on Wednesday, March 4th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price 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.