Latham Group (NASDAQ:SWIM) Sees Strong Trading Volume – Time to Buy?

Shares of Latham Group, Inc. (NASDAQ:SWIM) saw strong trading volume on Thursday . 1,249,912 shares traded hands during mid-day trading, an increase of 109% from the previous session’s volume of 597,005 shares.The stock last traded at $6.1550 and had previously closed at $6.17.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Stifel Nicolaus set a $8.75 price target on shares of Latham Group in a report on Wednesday, November 5th. Barclays raised their price objective on Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research note on Wednesday, November 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Latham Group in a report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Sell” and a consensus price target of $7.44.

Latham Group Stock Performance

The firm has a fifty day moving average price of $6.66 and a two-hundred day moving average price of $7.11. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.43 and a quick ratio of 1.72. The stock has a market capitalization of $761.76 million, a PE ratio of -65.29 and a beta of 1.72.

Latham Group (NASDAQ:SWIM) last announced its quarterly earnings data on Tuesday, November 4th. The company reported $0.07 EPS 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 the consensus estimate of $165.35 million. Research analysts expect that Latham Group, Inc. will post -0.04 EPS for the current year.

Institutional Investors Weigh In On Latham Group

Several large investors have recently added to or reduced their stakes in SWIM. Farther Finance Advisors LLC purchased a new position in shares of Latham Group during the third quarter worth approximately $28,000. BNP Paribas Financial Markets raised its position in Latham Group by 83.9% during the 2nd quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock valued at $27,000 after purchasing an additional 1,921 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Latham Group during the 2nd quarter valued at $29,000. State of Alaska Department of Revenue purchased a new stake in shares of Latham Group in the 3rd quarter worth $47,000. Finally, CWM LLC grew its position in shares of Latham Group by 400.2% during the 3rd quarter. CWM LLC now owns 8,969 shares of the company’s stock worth $68,000 after buying an additional 7,176 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Latham Group Company Profile

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.