Latham Group, Inc. $SWIM Shares Sold by Advantage Alpha Capital Partners LP

Key Points

• Advantage Alpha Capital Partners LP reduced its stake in Latham Group, Inc. (NASDAQ:SWIM) by 6.4%, holding 735,153 shares worth approximately $4.7 million after selling 50,669 shares.
• The Goldman Sachs Group raised its target price on Latham Group from $4.00 to $4.50 while maintaining a "sell" rating; the stock currently enjoys an average rating of "Moderate Buy" with a target price of $7.95.
• Latham Group's stock opened at $7.68, with a market cap of $895.03 million, and has fluctuated between a 12-month low of $4.56 and a high of $8.41.

Advantage Alpha Capital Partners LP lowered its stake in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 6.4% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 735,153 shares of the company's stock after selling 50,669 shares during the quarter. Advantage Alpha Capital Partners LP owned 0.63% of Latham Group worth $4,727,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets acquired a new stake in Latham Group in the 4th quarter valued at $42,000. GAMMA Investing LLC lifted its holdings in Latham Group by 2,565.5% in the 1st quarter. GAMMA Investing LLC now owns 6,957 shares of the company's stock valued at $45,000 after purchasing an additional 6,696 shares in the last quarter. ProShare Advisors LLC purchased a new position in Latham Group in the 4th quarter valued at $79,000. New York State Common Retirement Fund lifted its holdings in Latham Group by 51.4% in the 1st quarter. New York State Common Retirement Fund now owns 17,148 shares of the company's stock valued at $110,000 after purchasing an additional 5,820 shares in the last quarter. Finally, LPL Financial LLC lifted its holdings in Latham Group by 12.0% in the 4th quarter. LPL Financial LLC now owns 15,954 shares of the company's stock valued at $111,000 after purchasing an additional 1,713 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company's stock.

Latham Group Trading Down 1.0%

NASDAQ:SWIM traded down $0.09 on Wednesday, reaching $8.17. 123,572 shares of the company's stock were exchanged, compared to its average volume of 628,821. The company has a quick ratio of 1.51, a current ratio of 2.39 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $951.55 million, a price-to-earnings ratio of -68.03 and a beta of 1.72. The business has a fifty day moving average of $6.92 and a 200-day moving average of $6.36. Latham Group, Inc. has a 52-week low of $4.56 and a 52-week high of $8.46.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group raised their price objective on Latham Group from $4.00 to $4.50 and gave the company a "sell" rating in a report on Thursday, May 8th. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $7.95.

Insider Transactions at Latham Group

In other Latham Group news, Director Frank J. Dellaquila purchased 5,000 shares of the business's stock in a transaction on Friday, August 22nd. The shares were bought at an average cost of $8.24 per share, for a total transaction of $41,200.00. Following the completion of the purchase, the director directly owned 21,814 shares of the company's stock, valued at approximately $179,747.36. This trade represents a 29.74% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 6.85% of the stock is owned by company insiders.

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.