Calamos Advisors LLC Decreases Holdings in Latham Group, Inc. $SWIM

Calamos Advisors LLC reduced its position in Latham Group, Inc. (NASDAQ:SWIM) by 36.5% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 50,453 shares of the company’s stock after selling 28,980 shares during the period. Calamos Advisors LLC’s holdings in Latham Group were worth $322,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Los Angeles Capital Management LLC purchased a new position in shares of Latham Group in the second quarter valued at $66,000. New York State Common Retirement Fund grew its stake in Latham Group by 51.4% in the 1st quarter. New York State Common Retirement Fund now owns 17,148 shares of the company’s stock valued at $110,000 after acquiring an additional 5,820 shares during the last quarter. Cornerstone Investment Partners LLC purchased a new position in Latham Group during the 2nd quarter valued at about $147,000. Deutsche Bank AG raised its position in Latham Group by 13.7% during the first quarter. Deutsche Bank AG now owns 24,220 shares of the company’s stock worth $156,000 after acquiring an additional 2,914 shares during the last quarter. Finally, Y Intercept Hong Kong Ltd raised its position in Latham Group by 46.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 24,893 shares of the company’s stock worth $160,000 after acquiring an additional 7,888 shares during the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Latham Group Stock Down 1.5%

Shares of NASDAQ SWIM opened at $6.50 on Friday. The firm has a market cap of $758.29 million, a P/E ratio of -64.99 and a beta of 1.71. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.72 and a current ratio of 2.43. Latham Group, Inc. has a 1 year low of $4.56 and a 1 year high of $8.46. The firm’s 50 day moving average price is $7.45 and its 200 day moving average price is $6.92.

Latham Group (NASDAQ:SWIM) last issued its quarterly earnings results on Tuesday, November 4th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.03). Latham Group had a negative net margin of 2.07% and a negative return on equity of 2.80%. The business had revenue of $161.90 million during the quarter, compared to analyst estimates of $165.35 million. Latham Group has set its FY 2025 guidance at EPS. As a group, sell-side analysts anticipate that Latham Group, Inc. will post -0.04 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts have recently commented on SWIM shares. Stifel Nicolaus set a $8.75 price target on shares of Latham Group in a research report on Wednesday, November 5th. Barclays increased their target price on Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Latham Group in a report on Thursday. Two investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $7.95.

Insider Buying and Selling

In other Latham Group news, Director Frank J. Dellaquila bought 5,000 shares of Latham Group stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average cost of $8.24 per share, for a total transaction of $41,200.00. Following the completion of the transaction, the director owned 21,814 shares of the company’s stock, valued at $179,747.36. This represents a 29.74% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 8.60% of the company’s stock.

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.