Advantage Alpha Capital Partners LP Cuts Stock Holdings in Latham Group, Inc. (NASDAQ:SWIM)

Advantage Alpha Capital Partners LP reduced its position in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 15.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 785,822 shares of the company's stock after selling 141,245 shares during the period. Latham Group comprises approximately 1.3% of Advantage Alpha Capital Partners LP's portfolio, making the stock its 28th largest position. Advantage Alpha Capital Partners LP owned approximately 0.68% of Latham Group worth $5,469,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of SWIM. FMR LLC lifted its holdings in Latham Group by 75.9% during the 3rd quarter. FMR LLC now owns 7,239 shares of the company's stock worth $49,000 after buying an additional 3,123 shares during the last quarter. Quarry LP purchased a new position in shares of Latham Group in the 3rd quarter valued at about $53,000. Quadrature Capital Ltd acquired a new stake in shares of Latham Group during the 3rd quarter worth about $72,000. US Bancorp DE lifted its stake in Latham Group by 29,902.6% during the fourth quarter. US Bancorp DE now owns 11,701 shares of the company's stock worth $81,000 after purchasing an additional 11,662 shares during the last quarter. Finally, Arizona State Retirement System acquired a new position in Latham Group in the fourth quarter valued at approximately $82,000. Institutional investors and hedge funds own 83.95% of the company's stock.

Latham Group Stock Performance

Shares of Latham Group stock traded down $0.56 during trading on Friday, reaching $6.43. The company's stock had a trading volume of 1,014,710 shares, compared to its average volume of 550,094. The company has a 50-day moving average price of $6.77 and a two-hundred day moving average price of $6.68. Latham Group, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $8.41. The firm has a market cap of $744.45 million, a PE ratio of 71.45 and a beta of 1.84. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67.

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Wall Street Analyst Weigh In

A number of research firms have weighed in on SWIM. Craig Hallum initiated coverage on shares of Latham Group in a report on Monday, December 9th. They set a "buy" rating and a $10.00 price objective on the stock. Robert W. Baird set a $8.50 price target on shares of Latham Group in a research note on Wednesday, March 5th. Finally, Stifel Nicolaus upped their price objective on shares of Latham Group from $7.70 to $8.80 and gave the company a "buy" rating in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Latham Group has an average rating of "Hold" and an average price target of $7.66.

Insiders Place Their Bets

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $6.54, for a total transaction of $688,335.00. Following the completion of the sale, the insider now directly owns 332,818 shares of the company's stock, valued at $2,176,629.72. This trade represents a 24.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.60% of the stock is currently owned by 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.