Inspire Investing LLC Purchases New Position in Latham Group, Inc. $SWIM

Inspire Investing LLC purchased a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 102,450 shares of the company’s stock, valued at approximately $638,000. Inspire Investing LLC owned approximately 0.09% of Latham Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Summit Securities Group LLC acquired a new stake in Latham Group during the 1st quarter worth $30,000. WINTON GROUP Ltd acquired a new position in Latham Group in the 2nd quarter valued at $72,000. State of Wyoming acquired a new position in Latham Group in the 2nd quarter valued at $75,000. The Manufacturers Life Insurance Company acquired a new position in Latham Group in the 2nd quarter valued at $102,000. Finally, Canada Pension Plan Investment Board purchased a new position in Latham Group during the 2nd quarter worth $107,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on SWIM. Weiss Ratings raised Latham Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Tuesday, August 18th. Barclays upped their price target on shares of Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Monday, August 10th. William Blair cut Latham Group from an “outperform” rating to a “market perform” rating in a research report on Thursday, October 8th. The Goldman Sachs Group reiterated a “sell” rating on shares of Latham Group in a report on Monday, October 12th. Finally, Zacks Research cut shares of Latham Group from a “hold” rating to a “strong sell” rating in a research report on Friday, October 9th. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and three have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Reduce” and an average price target of $7.83.

Latham Group Stock Performance

Latham Group stock opened at $7.05 on Thursday. Latham Group, Inc. has a 12-month low of $4.64 and a 12-month high of $8.97. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.16 and a quick ratio of 1.44. The company has a market capitalization of $829.40 million, a price-to-earnings ratio of 141.00, a price-to-earnings-growth ratio of 1.45 and a beta of 1.66. The firm’s fifty day moving average price is $6.52 and its 200 day moving average price is $6.17.

Latham Group (NASDAQ:SWIM) last announced its earnings results on Tuesday, August 4th. The company reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.16 by ($0.05). Latham Group had a net margin of 0.92% and a return on equity of 1.31%. The business had revenue of $197.47 million for the quarter, compared to analyst estimates of $188.39 million. On average, research analysts forecast that Latham Group, Inc. will post 0.16 EPS for the current fiscal year.

Latham Group Profile

Latham Group, Inc designs, manufactures and markets residential swimming pool products. The company is best known for its in-ground fiberglass pools, which are manufactured as pre-formed shells and installed at residential properties. Its product portfolio also includes vinyl pool liners, automatic and safety pool covers, pool walls, steps, stairs and related components.

Latham serves the residential swimming pool construction and renovation markets through a network of dealers, builders and distributors.