Advantage Alpha Capital Partners LP Sells 36,178 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Advantage Alpha Capital Partners LP decreased its position in shares of Latham Group, Inc. (NASDAQ:SWIM) by 3.8% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 927,067 shares of the company’s stock after selling 36,178 shares during the period. Latham Group makes up approximately 1.4% of Advantage Alpha Capital Partners LP’s holdings, making the stock its 18th largest holding. Advantage Alpha Capital Partners LP owned approximately 0.80% of Latham Group worth $6,304,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in SWIM. Roubaix Capital LLC raised its holdings in shares of Latham Group by 70.9% during the 3rd quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock valued at $5,178,000 after buying an additional 315,889 shares in the last quarter. Public Employees Retirement System of Ohio grew its position in Latham Group by 69.2% during the first quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock valued at $43,000 after acquiring an additional 4,484 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Latham Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock worth $8,234,000 after acquiring an additional 17,259 shares in the last quarter. Principal Financial Group Inc. bought a new stake in shares of Latham Group in the 3rd quarter worth approximately $697,000. Finally, American Century Companies Inc. boosted its stake in shares of Latham Group by 103.7% in the 2nd quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock valued at $1,269,000 after purchasing an additional 213,128 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the stock. Robert W. Baird lifted their target price on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. The Goldman Sachs Group raised their price objective on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Barclays boosted their target price 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. Finally, Stifel Nicolaus raised their price target on Latham Group from $7.00 to $7.70 and gave the stock a “buy” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $5.76.

Latham Group Trading Up 0.7 %

Shares of SWIM opened at $6.94 on Tuesday. The firm has a fifty day simple moving average of $6.48 and a two-hundred day simple moving average of $5.01. Latham Group, Inc. has a twelve month low of $2.11 and a twelve month high of $7.33. The stock has a market capitalization of $802.40 million, a P/E ratio of 77.12 and a beta of 1.88. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67.

Insider Activity

In other news, CFO Oliver C. Gloe sold 10,216 shares of the business’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $6.44, for a total transaction of $65,791.04. Following the transaction, the chief financial officer now directly owns 282,706 shares of the company’s stock, valued at approximately $1,820,626.64. The trade was a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Sanjeev Bahl sold 11,750 shares of the company’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $5.90, for a total value of $69,325.00. Following the transaction, the chief operating officer now owns 262,811 shares of the company’s stock, valued at approximately $1,550,584.90. This represents a 4.28 % decrease in their position. The disclosure for this sale can be found here. Insiders own 7.60% of the company’s stock.

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.