Latham Group, Inc. $SWIM Shares Sold by Wynnchurch Capital Partners IV L.P.

Wynnchurch Capital Partners IV L.P. decreased its holdings in Latham Group, Inc. (NASDAQ:SWIM) by 48.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 5,883,771 shares of the company’s stock after selling 5,500,000 shares during the period. Latham Group makes up approximately 100.0% of Wynnchurch Capital Partners IV L.P.’s investment portfolio, making the stock its largest position. Wynnchurch Capital Partners IV L.P. owned about 5.04% of Latham Group worth $44,775,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Voss Capital LP increased its holdings in shares of Latham Group by 11.0% in the second quarter. Voss Capital LP now owns 6,299,042 shares of the company’s stock valued at $40,188,000 after purchasing an additional 622,327 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Latham Group by 36.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,257,228 shares of the company’s stock worth $24,788,000 after acquiring an additional 873,903 shares during the last quarter. Wasatch Advisors LP raised its holdings in shares of Latham Group by 29.5% during the 2nd quarter. Wasatch Advisors LP now owns 3,116,247 shares of the company’s stock worth $19,882,000 after acquiring an additional 709,368 shares during the period. Formula Growth Ltd. boosted its position in shares of Latham Group by 14.9% during the 2nd quarter. Formula Growth Ltd. now owns 1,318,033 shares of the company’s stock valued at $8,409,000 after acquiring an additional 170,694 shares during the last quarter. Finally, Onex Canada Asset Management Inc. grew its holdings in shares of Latham Group by 16.0% in the second quarter. Onex Canada Asset Management Inc. now owns 1,099,851 shares of the company’s stock valued at $7,017,000 after purchasing an additional 151,679 shares during the period. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Stock Down 3.0%

Latham Group stock opened at $6.71 on Friday. The company has a market capitalization of $782.79 million, a PE ratio of -67.09 and a beta of 1.72. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.72 and a current ratio of 2.43. Latham Group, Inc. has a fifty-two week low of $4.56 and a fifty-two week high of $8.46. The firm has a 50 day moving average price of $6.53 and a 200 day moving average price of $7.08.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Barclays decreased their target price on shares of Latham Group from $8.00 to $7.00 and set an “equal weight” rating on the stock in a report on Thursday, January 15th. Stifel Nicolaus set a $8.75 price objective on Latham Group in a report on Wednesday, November 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Latham Group in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Sell” and an average price target of $7.19.

About Latham Group

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.