Keybank National Association OH reduced its stake in Latham Group, Inc. (NASDAQ:SWIM – Free Report) by 17.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,386,177 shares of the company’s stock after selling 706,731 shares during the period. Keybank National Association OH’s holdings in Latham Group were worth $21,096,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of SWIM. Inspire Investing LLC bought a new stake in Latham Group during the 3rd quarter valued at approximately $638,000. WINTON GROUP Ltd bought a new position in shares of Latham Group in the 2nd quarter worth approximately $72,000. Squarepoint Ops LLC raised its position in shares of 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 acquiring an additional 234,130 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 acquiring an additional 15,529 shares in the last quarter. Finally, Wellington Management Group LLP raised its position in shares of 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 acquiring an additional 2,201,843 shares in the last quarter. 83.95% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
SWIM has been the subject of a number of research analyst reports. William Blair cut Latham Group from an “outperform” rating to a “market perform” rating in a research note on Thursday, October 8th. Barclays upped their price target on Latham Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Monday, August 10th. Zacks Research upgraded Latham Group from a “strong sell” rating to a “hold” rating in a report on Monday. The Goldman Sachs Group reissued a “sell” rating on shares of Latham Group in a research report on Monday, October 12th. Finally, Weiss Ratings cut shares of Latham Group from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and an average price target of $7.83.
View Our Latest Stock Analysis on Latham Group
Latham Group Trading Up 1.6%
NASDAQ:SWIM opened at $8.41 on Thursday. Latham Group, Inc. has a one year low of $4.64 and a one year high of $8.97. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.38 and a quick ratio of 1.63. The company’s 50-day simple moving average is $6.68 and its 200 day simple moving average is $6.23. The firm has a market capitalization of $990.29 million, a P/E ratio of 105.12, a PEG ratio of 1.21 and a beta of 1.71.
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.
Featured Stories
- Five stocks we like better than Latham Group
- Keeping AI Cool: AAON Rides the AI Heatwave to Record Growth
- AST SpaceMobile Has a New Rocket Plan, But Its Cash-Burn Problem Isn’t Going Away
- Powering Up the Moon: Redwire’s $40 Million NASA Award
- Can Constellation Energy’s Contracts Power a Stock Rebound?
Want to see what other hedge funds are holding SWIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Latham Group, Inc. (NASDAQ:SWIM – Free Report).
Receive News & Ratings for Latham Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Latham Group and related companies with MarketBeat.com's FREE daily email newsletter.
