Bank of New York Mellon Corp Has $537,000 Holdings in Latham Group, Inc. (NASDAQ:SWIM)

Bank of New York Mellon Corp increased its holdings in Latham Group, Inc. (NASDAQ:SWIM) by 2.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 177,134 shares of the company’s stock after purchasing an additional 3,837 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.15% of Latham Group worth $537,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Roubaix Capital LLC bought a new stake in shares of Latham Group in the 1st quarter valued at about $864,000. Premier Fund Managers Ltd boosted its holdings in Latham Group by 55.7% in the fourth quarter. Premier Fund Managers Ltd now owns 199,536 shares of the company’s stock valued at $542,000 after acquiring an additional 71,343 shares during the last quarter. Cullen Capital Management LLC increased its position in Latham Group by 50.4% during the 4th quarter. Cullen Capital Management LLC now owns 76,059 shares of the company’s stock valued at $200,000 after purchasing an additional 25,491 shares during the period. Empowered Funds LLC raised its holdings in Latham Group by 8.2% during the 1st quarter. Empowered Funds LLC now owns 271,220 shares of the company’s stock worth $1,074,000 after purchasing an additional 20,475 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Latham Group in the 1st quarter worth approximately $80,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Stock Performance

NASDAQ:SWIM opened at $6.43 on Tuesday. The company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.68. Latham Group, Inc. has a twelve month low of $2.04 and a twelve month high of $6.83. The company has a fifty day moving average of $5.13 and a 200-day moving average of $4.01. The firm has a market capitalization of $743.13 million, a P/E ratio of 214.33 and a beta of 1.87.

Latham Group (NASDAQ:SWIM) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.12. The firm had revenue of $160.12 million during the quarter, compared to the consensus estimate of $156.00 million. Latham Group had a net margin of 2.24% and a return on equity of 2.93%. As a group, sell-side analysts anticipate that Latham Group, Inc. will post -0.03 EPS for the current year.

Insiders Place Their Bets

In other news, VP Suraj Kunchala sold 10,139 shares of the business’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $5.06, for a total transaction of $51,303.34. Following the completion of the sale, the vice president now owns 38,748 shares in the company, valued at $196,064.88. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other Latham Group news, CEO Scott Michael Rajeski sold 33,000 shares of the company’s stock in a transaction on Friday, August 16th. The shares were sold at an average price of $6.09, for a total transaction of $200,970.00. Following the transaction, the chief executive officer now owns 516,680 shares in the company, valued at $3,146,581.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Suraj Kunchala sold 10,139 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $5.06, for a total transaction of $51,303.34. Following the completion of the transaction, the vice president now directly owns 38,748 shares in the company, valued at $196,064.88. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 72,932 shares of company stock worth $441,364. Corporate insiders own 8.60% of the company’s stock.

Analysts Set New Price Targets

SWIM has been the subject of several recent analyst reports. Barclays increased their price objective on shares of Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Robert W. Baird increased their price target on Latham Group from $5.00 to $5.50 and gave the stock an “outperform” rating in a report on Wednesday, August 7th. Finally, Stifel Nicolaus boosted their price objective on Latham Group from $6.80 to $7.00 and gave the company a “buy” rating in a research note on Monday, September 16th.

About Latham Group

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.