Squarepoint Ops LLC Lowers Holdings in Latham Group, Inc. (NASDAQ:SWIM)

Squarepoint Ops LLC trimmed its holdings in Latham Group, Inc. (NASDAQ:SWIM) by 10.5% in the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 112,359 shares of the company’s stock after selling 13,114 shares during the period. Squarepoint Ops LLC owned approximately 0.10% of Latham Group worth $340,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC lifted its stake in Latham Group by 71.1% during the second quarter. Cubist Systematic Strategies LLC now owns 27,923 shares of the company’s stock worth $85,000 after purchasing an additional 11,601 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Latham Group by 11.2% during the second quarter. Renaissance Technologies LLC now owns 690,856 shares of the company’s stock worth $2,093,000 after purchasing an additional 69,356 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Latham Group by 21.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock valued at $4,067,000 after acquiring an additional 234,930 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Latham Group by 103.7% in the second quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock valued at $1,269,000 after acquiring an additional 213,128 shares in the last quarter. Finally, Los Angeles Capital Management LLC raised its stake in shares of Latham Group by 27.2% in the second quarter. Los Angeles Capital Management LLC now owns 151,547 shares of the company’s stock valued at $459,000 after acquiring an additional 32,410 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Stock Down 0.6 %

Latham Group stock opened at $6.84 on Friday. The stock’s fifty day moving average is $5.99 and its two-hundred day moving average is $4.31. The stock has a market cap of $790.57 million, a PE ratio of 228.00 and a beta of 1.88. Latham Group, Inc. has a 1-year low of $2.04 and a 1-year high of $7.13. The company has a debt-to-equity ratio of 0.68, a current ratio of 3.22 and a quick ratio of 2.15.

Latham Group (NASDAQ:SWIM) last released its quarterly earnings results on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.12. Latham Group had a return on equity of 2.93% and a net margin of 2.24%. The company had revenue of $160.12 million for the quarter, compared to analyst estimates of $156.00 million. On average, sell-side analysts expect that Latham Group, Inc. will post -0.02 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

SWIM has been the topic of several analyst reports. Stifel Nicolaus increased their price objective on Latham Group from $6.80 to $7.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Robert W. Baird increased their price objective on Latham Group from $5.00 to $5.50 and gave the company an “outperform” rating in a research note on Wednesday, August 7th. Finally, Barclays raised their price target on Latham Group from $3.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th.

Insider Transactions at Latham Group

In other news, VP Suraj Kunchala sold 10,139 shares of the company’s stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $5.06, for a total transaction of $51,303.34. Following the completion of the sale, the vice president now owns 38,748 shares in the company, valued at $196,064.88. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other Latham Group news, CEO Scott Michael Rajeski sold 33,000 shares of the company’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $6.09, for a total value of $200,970.00. Following the sale, the chief executive officer now owns 516,680 shares of the company’s stock, valued at approximately $3,146,581.20. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Suraj Kunchala sold 10,139 shares of the company’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $5.06, for a total value of $51,303.34. Following the completion of the sale, the vice president now directly owns 38,748 shares in the company, valued at $196,064.88. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 72,932 shares of company stock worth $441,364 over the last 90 days. 8.60% of the stock is currently owned by insiders.

About Latham Group

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.