Latham Group, Inc. $SWIM Stock: Keybank National Association OH Decreases Position

Keybank National Association OH lowered its stake in Latham Group, Inc. (NASDAQ:SWIM) by 17.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,386,177 shares of the company’s stock after selling 706,731 shares during the period. Keybank National Association OH owned approximately 2.88% of Latham Group worth $21,096,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of SWIM. WINTON GROUP Ltd purchased a new stake in Latham Group during the 2nd quarter valued at about $72,000. State of Wyoming purchased a new position in Latham Group in the 2nd quarter worth approximately $75,000. The Manufacturers Life Insurance Company purchased a new position in Latham Group in the 2nd quarter worth approximately $102,000. Canada Pension Plan Investment Board purchased a new position in Latham Group in the 2nd quarter worth approximately $107,000. Finally, Modern Wealth Management LLC increased its stake in Latham Group by 28.3% in the 1st quarter. Modern Wealth Management LLC now owns 16,814 shares of the company’s stock worth $90,000 after purchasing an additional 3,712 shares during the period. Institutional investors own 83.95% of the company’s stock.

Latham Group Stock Performance

Shares of SWIM stock opened at $8.41 on Thursday. The stock has a fifty day moving average of $6.68 and a 200 day moving average of $6.23. Latham Group, Inc. has a 52 week low of $4.64 and a 52 week high of $8.97. The firm has a market capitalization of $990.29 million, a price-to-earnings ratio of 105.12, a PEG ratio of 1.21 and a beta of 1.71. The company has a quick ratio of 1.63, a current ratio of 2.38 and a debt-to-equity ratio of 0.68.

Analyst Ratings Changes

A number of analysts have recently weighed in on SWIM shares. Weiss Ratings lowered Latham Group from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday. William Blair cut shares of Latham Group from an “outperform” rating to a “market perform” rating in a report on Thursday, October 8th. Barclays lifted their target price on shares of Latham Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. The Goldman Sachs Group reiterated a “sell” rating on shares of Latham Group in a report on Monday, October 12th. Finally, Zacks Research raised shares of Latham Group from a “strong sell” rating to a “hold” rating in a research report on Monday. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $7.83.

About Latham Group

Latham Group, Inc. designs, manufactures and markets in-ground swimming pools and related products for residential use. Its offerings include fiberglass pools, vinyl pool liners and automatic safety covers. The company serves customers primarily in North America, as well as in Australia and New Zealand. Its business builds on the history of Latham Pool Products, which dates to 1956.