Onex Canada Asset Management Inc. Purchases 109,862 Shares of Latham Group, Inc. $SWIM

Onex Canada Asset Management Inc. increased its holdings in Latham Group, Inc. (NASDAQ:SWIM) by 10.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,209,713 shares of the company’s stock after acquiring an additional 109,862 shares during the period. Latham Group comprises approximately 1.2% of Onex Canada Asset Management Inc.’s portfolio, making the stock its 23rd biggest holding. Onex Canada Asset Management Inc.’s holdings in Latham Group were worth $9,205,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on SWIM shares. Zacks Research upgraded shares of Latham Group from a “hold” rating to a “strong-buy” rating in a research note on Thursday, March 5th. Barclays upped 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, March 4th. Stifel Nicolaus raised their target price on Latham Group from $8.75 to $9.50 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. William Blair restated an “outperform” rating on shares of Latham Group in a research note on Wednesday, March 4th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Latham Group in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Latham Group has a consensus rating of “Hold” and a consensus price target of $7.33.

Latham Group Stock Down 1.8%

SWIM opened at $6.02 on Friday. The firm has a market capitalization of $702.96 million, a P/E ratio of 66.89, a price-to-earnings-growth ratio of 2.20 and a beta of 1.70. Latham Group, Inc. has a one year low of $4.56 and a one year high of $8.97. The company has a fifty day moving average price of $6.56 and a 200-day moving average price of $6.99. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.77 and a quick ratio of 1.82.

Latham Group (NASDAQ:SWIM) last posted its quarterly earnings data on Tuesday, March 3rd. The company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.09) by $0.03. The company had revenue of $99.95 million for the quarter, compared to analysts’ expectations of $95.86 million. Latham Group had a net margin of 2.04% and a return on equity of 2.79%. Equities research analysts expect that Latham Group, Inc. will post -0.04 earnings per share for the current fiscal year.

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.