Quadrature Capital Ltd Takes $32,000 Position in Latham Group, Inc. (NASDAQ:SWIM)

Quadrature Capital Ltd purchased a new stake in Latham Group, Inc. (NASDAQ:SWIM) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 12,141 shares of the company’s stock, valued at approximately $32,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SWIM. Janney Montgomery Scott LLC acquired a new stake in shares of Latham Group in the third quarter valued at about $104,000. ELCO Management Co. LLC acquired a new stake in shares of Latham Group in the third quarter valued at about $118,000. SG Americas Securities LLC increased its stake in shares of Latham Group by 63.0% in the fourth quarter. SG Americas Securities LLC now owns 27,008 shares of the company’s stock valued at $71,000 after buying an additional 10,436 shares during the period. Voss Capital LLC increased its stake in shares of Latham Group by 52.1% in the fourth quarter. Voss Capital LLC now owns 1,922,639 shares of the company’s stock valued at $5,057,000 after buying an additional 658,280 shares during the period. Finally, Gitterman Wealth Management LLC grew its stake in Latham Group by 82.2% during the fourth quarter. Gitterman Wealth Management LLC now owns 24,099 shares of the company’s stock worth $63,000 after purchasing an additional 10,875 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

Analysts Set New Price Targets

SWIM has been the subject of several recent analyst reports. Barclays raised their target price on Latham Group from $2.50 to $4.00 and gave the stock an “equal weight” rating in a research note on Monday, May 13th. Bank of America cut Latham Group from a “buy” rating to an “underperform” rating and decreased their target price for the stock from $4.50 to $2.60 in a research note on Wednesday, March 13th. Finally, Stifel Nicolaus raised Latham Group from a “hold” rating to a “buy” rating and raised their target price for the stock from $3.00 to $4.00 in a research note on Monday, March 18th.

Latham Group Stock Down 0.3 %

Shares of NASDAQ:SWIM opened at $3.03 on Friday. The business’s 50 day simple moving average is $3.50 and its two-hundred day simple moving average is $3.13. The firm has a market cap of $350.19 million, a P/E ratio of 101.00 and a beta of 1.82. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.78 and a current ratio of 3.12. Latham Group, Inc. has a 52-week low of $2.04 and a 52-week high of $4.77.

Latham Group (NASDAQ:SWIM) last announced its quarterly earnings results on Tuesday, May 7th. The company reported ($0.07) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.15) by $0.08. The business had revenue of $110.63 million for the quarter, compared to analyst estimates of $101.40 million. Latham Group had a return on equity of 1.05% and a net margin of 0.76%. As a group, research analysts forecast that Latham Group, Inc. will post -0.15 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.