Latham Group, Inc. (NASDAQ:SWIM) Shares Purchased by Victory Capital Management Inc.

Victory Capital Management Inc. lifted its position in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 23.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,462,645 shares of the company's stock after buying an additional 465,530 shares during the quarter. Victory Capital Management Inc. owned approximately 2.15% of Latham Group worth $6,477,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of SWIM. SG Americas Securities LLC purchased a new position in Latham Group during the third quarter worth about $46,000. Panagora Asset Management Inc. raised its stake in Latham Group by 60.3% in the third quarter. Panagora Asset Management Inc. now owns 194,680 shares of the company's stock valued at $545,000 after purchasing an additional 73,248 shares in the last quarter. Gitterman Wealth Management LLC purchased a new position in Latham Group in the 3rd quarter worth approximately $37,000. Los Angeles Capital Management LLC raised its position in shares of Latham Group by 19.3% during the 3rd quarter. Los Angeles Capital Management LLC now owns 119,137 shares of the company's stock valued at $334,000 after buying an additional 19,240 shares in the last quarter. Finally, Janney Montgomery Scott LLC bought a new stake in shares of Latham Group during the 3rd quarter worth $104,000. 83.95% of the stock is currently owned by institutional investors.

Latham Group Trading Up 3.7 %

SWIM traded up $0.14 during trading on Wednesday, hitting $3.96. 267,496 shares of the stock traded hands, compared to its average volume of 278,675. The firm has a market capitalization of $457.66 million, a P/E ratio of 127.33 and a beta of 1.67. Latham Group, Inc. has a 12-month low of $2.04 and a 12-month high of $4.77. The company has a debt-to-equity ratio of 0.71, a current ratio of 3.12 and a quick ratio of 1.78. The firm has a 50-day moving average of $3.36 and a 200 day moving average of $2.85.

Latham Group (NASDAQ:SWIM - Get Free Report) last posted its earnings results on Tuesday, March 12th. The company reported ($0.06) earnings per share for the quarter, topping analysts' consensus estimates of ($0.14) by $0.08. Latham Group had a net margin of 0.76% and a return on equity of 1.05%. The company had revenue of $90.90 million during the quarter, compared to analyst estimates of $86.95 million. During the same period in the prior year, the business posted ($0.17) earnings per share. Latham Group's revenue for the quarter was down 15.8% on a year-over-year basis. Equities research analysts anticipate that Latham Group, Inc. will post -0.24 EPS for the current year.

Analyst Upgrades and Downgrades

SWIM has been the subject of a number of research reports. Stifel Nicolaus upgraded Latham Group from a "hold" rating to a "buy" rating and upped their price objective for the stock from $3.00 to $4.00 in a report on Monday, March 18th. Barclays increased their price target on shares of Latham Group from $2.50 to $4.00 and gave the company an "equal weight" rating in a research report on Monday. Finally, Bank of America lowered shares of Latham Group from a "buy" rating to an "underperform" rating and lowered their price objective for the stock from $4.50 to $2.60 in a report on Wednesday, March 13th.

Insider Buying and Selling

In related news, CFO Oliver C. Gloe acquired 27,500 shares of Latham Group stock in a transaction on Friday, March 15th. The shares were acquired at an average cost of $2.92 per share, with a total value of $80,300.00. Following the transaction, the chief financial officer now owns 292,922 shares in the company, valued at $855,332.24. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, COO Sanjeev Bahl sold 10,342 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of $3.05, for a total value of $31,543.10. Following the completion of the transaction, the chief operating officer now owns 126,713 shares of the company's stock, valued at approximately $386,474.65. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Oliver C. Gloe purchased 27,500 shares of the company's stock in a transaction that occurred on Friday, March 15th. The shares were purchased at an average price of $2.92 per share, for a total transaction of $80,300.00. Following the completion of the transaction, the chief financial officer now directly owns 292,922 shares of the company's stock, valued at $855,332.24. The disclosure for this purchase can be found here. Insiders sold 54,383 shares of company stock valued at $165,868 over the last quarter. 7.60% of the stock is owned by company insiders.

Latham Group 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.