Polar Asset Management Partners Inc. Takes Position in Latham Group, Inc. $SWIM

Polar Asset Management Partners Inc. acquired a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 558,700 shares of the company’s stock, valued at approximately $3,615,000.

Several other large investors have also made changes to their positions in SWIM. Congruence Capital LLC acquired a new position in Latham Group in the fourth quarter valued at $1,278,000. CenterBook Partners LP increased its stake in Latham Group by 21.0% during the fourth quarter. CenterBook Partners LP now owns 1,245,337 shares of the company’s stock worth $7,908,000 after acquiring an additional 215,774 shares during the last quarter. UBS Group AG increased its stake in Latham Group by 1,709.2% during the fourth quarter. UBS Group AG now owns 955,867 shares of the company’s stock worth $6,070,000 after acquiring an additional 903,032 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Latham Group by 293.2% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 431,239 shares of the company’s stock worth $2,316,000 after purchasing an additional 321,577 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Latham Group by 16.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 3,370,146 shares of the company’s stock worth $18,096,000 after purchasing an additional 470,123 shares during the period. 83.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on SWIM. Weiss Ratings raised Latham Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Tuesday, August 18th. The Goldman Sachs Group reissued a “sell” rating on shares of Latham Group in a research report on Wednesday, May 6th. Zacks Research lowered shares of Latham Group from a “hold” rating to a “strong sell” rating in a report on Thursday, August 6th. Finally, Barclays lifted their price target on shares of Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Monday, August 10th. Two equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and three have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $7.83.

Latham Group Price Performance

SWIM stock opened at $7.14 on Wednesday. The firm has a market cap of $840.02 million, a P/E ratio of 142.80, a price-to-earnings-growth ratio of 1.53 and a beta of 1.65. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.44 and a current ratio of 2.16. Latham Group, Inc. has a 1 year low of $4.64 and a 1 year high of $8.97. The stock has a 50-day simple moving average of $6.33 and a 200-day simple moving average of $6.01.

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

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.