Cullen Capital Management LLC bought a new position in shares of Latham Group, Inc. (NASDAQ:SWIM – Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 123,530 shares of the company’s stock, valued at approximately $799,000. Cullen Capital Management LLC owned 0.10% of Latham Group as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its stake 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 during the period. Raymond James Financial Inc. bought a new position in Latham Group in the 2nd quarter worth approximately $29,000. Summit Securities Group LLC bought a new position in Latham Group in the 1st quarter worth approximately $30,000. Covestor Ltd lifted its holdings in shares of Latham Group by 153.0% during the fourth quarter. Covestor Ltd now owns 5,576 shares of the company’s stock worth $35,000 after buying an additional 3,372 shares during the last quarter. Finally, State of Wyoming bought a new stake in shares of Latham Group in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 83.95% of the company’s stock.
Latham Group Stock Down 0.4%
Shares of SWIM opened at $7.00 on Tuesday. The company has a quick ratio of 1.44, a current ratio of 2.16 and a debt-to-equity ratio of 0.67. The stock has a market cap of $823.55 million, a price-to-earnings ratio of 140.00, a P/E/G ratio of 1.53 and a beta of 1.65. Latham Group, Inc. has a 12 month low of $4.64 and a 12 month high of $8.97. The company has a 50-day moving average price of $6.29 and a two-hundred day moving average price of $6.01.
Wall Street Analyst Weigh In
Several analysts have issued reports on SWIM shares. The Goldman Sachs Group restated a “sell” rating on shares of Latham Group in a research report on Wednesday, May 6th. Barclays upped their price objective on shares of Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. Zacks Research cut shares of Latham Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, August 6th. Finally, Weiss Ratings upgraded Latham Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Reduce” and a consensus price target of $7.83.
Get Our Latest Research Report on Latham Group
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.
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