UBS Group AG Acquires 903,032 Shares of Latham Group, Inc. $SWIM

UBS Group AG increased its stake in Latham Group, Inc. (NASDAQ:SWIM) by 1,709.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 955,867 shares of the company’s stock after acquiring an additional 903,032 shares during the period. UBS Group AG’s holdings in Latham Group were worth $6,070,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. CAS Investment Partners LLC bought a new stake in shares of Latham Group in the third quarter worth about $7,610,000. AdviceOne Advisory Services LLC purchased a new position in Latham Group during the third quarter valued at $991,000. IFP Advisors Inc boosted its stake in Latham Group by 100.2% during the third quarter. IFP Advisors Inc now owns 296,376 shares of the company’s stock worth $2,259,000 after acquiring an additional 148,365 shares in the last quarter. AlphaQuest LLC bought a new stake in shares of Latham Group in the 3rd quarter worth approximately $1,038,000. Finally, Onex Canada Asset Management Inc. grew its stake in shares of Latham Group by 10.0% in the third quarter. Onex Canada Asset Management Inc. now owns 1,209,713 shares of the company’s stock worth $9,205,000 after acquiring an additional 109,862 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on SWIM shares. Wall Street Zen downgraded shares of Latham Group from a “buy” rating to a “hold” rating in a research report on Sunday, April 12th. William Blair reaffirmed an “outperform” rating on shares of Latham Group in a research report on Wednesday, March 4th. Zacks Research downgraded Latham Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, April 3rd. Stifel Nicolaus upped their price target on shares of Latham Group from $8.75 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. Finally, Bank of America cut their target price on Latham Group from $7.00 to $6.00 and set an “underperform” rating for the company in a research report on Monday, April 20th. Two investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $7.50.

Insider Buying and Selling

In other news, Director James E. Cline acquired 50,000 shares of Latham Group stock in a transaction on Tuesday, May 19th. The shares were bought at an average cost of $4.84 per share, for a total transaction of $242,000.00. Following the acquisition, the director directly owned 100,000 shares of the company’s stock, valued at $484,000. This trade represents a 100.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. 3.32% of the stock is owned by insiders.

Latham Group Stock Up 2.3%

Shares of NASDAQ:SWIM opened at $4.89 on Thursday. The business has a 50 day simple moving average of $5.64 and a two-hundred day simple moving average of $6.29. The firm has a market capitalization of $574.14 million, a PE ratio of 69.86, a price-to-earnings-growth ratio of 0.82 and a beta of 1.72. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.88 and a quick ratio of 1.16. Latham Group, Inc. has a 1 year low of $4.64 and a 1 year high of $8.97.

Latham Group (NASDAQ:SWIM) last released its earnings results on Tuesday, May 5th. The company reported ($0.07) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.05) by ($0.02). The business had revenue of $117.32 million during the quarter, compared to analysts’ expectations of $118.39 million. Latham Group had a return on equity of 2.13% and a net margin of 1.55%. On average, equities analysts predict that Latham Group, Inc. will post 0.18 EPS for the current year.

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.