Latham Group (NASDAQ:SWIM) Sees Large Volume Increase – Time to Buy?

Shares of Latham Group, Inc. (NASDAQ:SWIM) saw an uptick in trading volume on Thursday . 1,249,912 shares changed hands during trading, an increase of 109% from the previous session’s volume of 597,005 shares.The stock last traded at $6.1550 and had previously closed at $6.17.

Wall Street Analysts Forecast Growth

SWIM has been the topic of several recent research reports. Barclays raised their price target on Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a report on Wednesday, November 5th. Stifel Nicolaus set a $8.75 price target on shares of Latham Group in a research report on Wednesday, November 5th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Latham Group in a report on Monday, December 29th. One equities research analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Sell” and an average target price of $7.44.

Latham Group Stock Up 0.6%

The company has a quick ratio of 1.72, a current ratio of 2.43 and a debt-to-equity ratio of 0.68. The company has a market capitalization of $723.88 million, a P/E ratio of -62.24 and a beta of 1.72. The firm has a fifty day simple moving average of $6.69 and a 200-day simple moving average of $7.11.

Latham Group (NASDAQ:SWIM) last announced its earnings results on Tuesday, November 4th. The company reported $0.07 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.03). The company had revenue of $161.90 million for the quarter, compared to analyst estimates of $165.35 million. Latham Group had a negative return on equity of 2.80% and a negative net margin of 2.07%. On average, equities research analysts expect that Latham Group, Inc. will post -0.04 EPS for the current fiscal year.

Institutional Investors Weigh In On Latham Group

A number of hedge funds and other institutional investors have recently bought and sold shares of SWIM. BNP Paribas Financial Markets grew its position in Latham Group by 83.9% in the second quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock valued at $27,000 after purchasing an additional 1,921 shares in the last quarter. Farther Finance Advisors LLC acquired a new position in shares of Latham Group in the third quarter valued at approximately $28,000. Raymond James Financial Inc. acquired a new stake in shares of Latham Group during the second quarter worth $29,000. State of Alaska Department of Revenue bought a new stake in Latham Group in the 3rd quarter valued at about $47,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Latham Group during the second quarter worth approximately $66,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Company Profile

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.