Advantage Alpha Capital Partners LP Sells 36,178 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Advantage Alpha Capital Partners LP lowered its position in Latham Group, Inc. (NASDAQ:SWIM) by 3.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 927,067 shares of the company’s stock after selling 36,178 shares during the period. Latham Group accounts for about 1.4% of Advantage Alpha Capital Partners LP’s investment portfolio, making the stock its 18th largest holding. Advantage Alpha Capital Partners LP’s holdings in Latham Group were worth $6,304,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Roubaix Capital LLC grew its stake in Latham Group by 70.9% in the third quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock worth $5,178,000 after purchasing an additional 315,889 shares during the period. Public Employees Retirement System of Ohio boosted its holdings in shares of Latham Group by 69.2% during the 1st quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock valued at $43,000 after buying an additional 4,484 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Latham Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock valued at $8,234,000 after buying an additional 17,259 shares in the last quarter. Principal Financial Group Inc. purchased a new stake in shares of Latham Group in the 3rd quarter worth about $697,000. Finally, American Century Companies Inc. increased its stake in shares of Latham Group by 103.7% in the 2nd quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock worth $1,269,000 after acquiring an additional 213,128 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Stifel Nicolaus boosted their price objective on shares of Latham Group from $7.00 to $7.70 and gave the stock a “buy” rating in a research note on Monday. Robert W. Baird boosted their price target on Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Barclays raised their price objective on Latham Group from $3.00 to $6.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Finally, The Goldman Sachs Group lifted their price objective on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $5.76.

Insider Buying and Selling

In related news, CFO Oliver C. Gloe sold 10,216 shares of the stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $6.44, for a total transaction of $65,791.04. Following the sale, the chief financial officer now directly owns 282,706 shares of the company’s stock, valued at $1,820,626.64. This trade represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Sanjeev Bahl sold 11,750 shares of Latham Group stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $5.90, for a total value of $69,325.00. Following the completion of the sale, the chief operating officer now owns 262,811 shares of the company’s stock, valued at $1,550,584.90. The trade was a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.60% of the stock is owned by company insiders.

Latham Group Trading Up 0.7 %

Shares of NASDAQ SWIM opened at $6.94 on Tuesday. The firm’s 50 day moving average price is $6.48 and its 200-day moving average price is $5.01. Latham Group, Inc. has a 52-week low of $2.11 and a 52-week high of $7.33. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The company has a market cap of $802.40 million, a PE ratio of 77.12 and a beta of 1.88.

Latham Group Company Profile

Latham Group, Inc designs, manufactures, and markets in-ground residential swimming pools in North America, Australia, and New Zealand. It offers a portfolio of pools and related products, including in-ground swimming pools that include fiber glass and packaged pools; and pool covers and liners under the Latham, Narellan, CoverStar, Radiant, and GLI brand names.