Latham Group, Inc. $SWIM is Wynnchurch Capital Partners IV L.P.’s Largest Position

Wynnchurch Capital Partners IV L.P. reduced its holdings in shares of Latham Group, Inc. (NASDAQ:SWIM) by 48.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,883,771 shares of the company’s stock after selling 5,500,000 shares during the period. Latham Group comprises 100.0% of Wynnchurch Capital Partners IV L.P.’s investment portfolio, making the stock its largest holding. Wynnchurch Capital Partners IV L.P. owned approximately 0.05% of Latham Group worth $44,775,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. BNP Paribas Financial Markets grew its stake in shares of Latham Group by 83.9% in the second quarter. BNP Paribas Financial Markets now owns 4,211 shares of the company’s stock worth $27,000 after acquiring an additional 1,921 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in Latham Group in the third quarter valued at $28,000. Raymond James Financial Inc. acquired a new position in Latham Group during the 2nd quarter worth $29,000. State of Alaska Department of Revenue purchased a new stake in Latham Group during the 3rd quarter worth about $47,000. Finally, Los Angeles Capital Management LLC acquired a new stake in Latham Group in the 2nd quarter valued at about $66,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Latham Group Price Performance

Shares of NASDAQ SWIM opened at $6.71 on Friday. The stock’s 50-day simple moving average is $6.53 and its 200-day simple moving average is $7.08. The firm has a market capitalization of $782.79 million, a PE ratio of -67.09 and a beta of 1.72. Latham Group, Inc. has a fifty-two week low of $4.56 and a fifty-two week high of $8.46. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.72 and a current ratio of 2.43.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Barclays decreased their price objective on Latham Group from $8.00 to $7.00 and set an “equal weight” rating for the company in a research note on Thursday, January 15th. Weiss Ratings reiterated a “sell (d)” rating on shares of Latham Group in a research note on Monday, December 29th. Finally, Stifel Nicolaus set a $8.75 price objective on shares of Latham Group in a research report on Wednesday, November 5th. One analyst has rated the stock with a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Sell” and an average price target of $7.19.

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.