Latham Group, Inc. $SWIM Holdings Trimmed by CenterBook Partners LP

CenterBook Partners LP decreased its position in shares of Latham Group, Inc. (NASDAQ:SWIM) by 45.0% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 483,092 shares of the company’s stock after selling 395,558 shares during the quarter. CenterBook Partners LP’s holdings in Latham Group were worth $3,010,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Inspire Investing LLC acquired a new position in shares of Latham Group in the third quarter valued at about $638,000. WINTON GROUP Ltd bought a new position in Latham Group during the second quarter worth about $72,000. Squarepoint Ops LLC raised its stake in Latham Group by 68.7% in the 2nd quarter. Squarepoint Ops LLC now owns 574,790 shares of the company’s stock worth $3,719,000 after purchasing an additional 234,130 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Latham Group by 52.4% in the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 45,167 shares of the company’s stock worth $292,000 after purchasing an additional 15,529 shares in the last quarter. Finally, Wellington Management Group LLP raised its stake in Latham Group by 24.0% in the 2nd quarter. Wellington Management Group LLP now owns 11,364,049 shares of the company’s stock worth $73,525,000 after purchasing an additional 2,201,843 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Stock Down 0.9%

Shares of NASDAQ SWIM opened at $7.85 on Friday. The stock has a market capitalization of $924.34 million, a P/E ratio of 98.12, a PEG ratio of 1.24 and a beta of 1.71. The stock’s fifty day moving average is $6.60 and its 200 day moving average is $6.20. Latham Group, Inc. has a 52 week low of $4.64 and a 52 week high of $8.97. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.44 and a current ratio of 2.16.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Weiss Ratings raised shares of Latham Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Barclays raised their target price on shares of Latham Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a report on Monday, August 10th. Zacks Research downgraded shares of Latham Group from a “hold” rating to a “strong sell” rating in a research report on Friday, October 9th. William Blair cut Latham Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 8th. Finally, The Goldman Sachs Group reissued a “sell” rating on shares of Latham Group in a research report on Monday, October 12th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Reduce” and a consensus target price of $7.83.

About Latham Group

Latham Group, Inc designs, manufactures and markets residential swimming pool products. The company is best known for its in-ground fiberglass pools, which are manufactured as pre-formed shells and installed at residential properties. Its product portfolio also includes vinyl pool liners, automatic and safety pool covers, pool walls, steps, stairs and related components.

Latham serves the residential swimming pool construction and renovation markets through a network of dealers, builders and distributors.