American Century Companies Inc. Buys 179,866 Shares of Latham Group, Inc. (NASDAQ:SWIM)

American Century Companies Inc. grew its position in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 30.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 778,239 shares of the company's stock after acquiring an additional 179,866 shares during the quarter. American Century Companies Inc. owned 0.67% of Latham Group worth $5,417,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Wynnchurch Capital Partners IV L.P. acquired a new position in shares of Latham Group in the 4th quarter worth approximately $104,287,000. Principal Financial Group Inc. acquired a new position in shares of Latham Group during the third quarter worth approximately $697,000. Barclays PLC boosted its position in Latham Group by 294.8% in the 3rd quarter. Barclays PLC now owns 54,720 shares of the company's stock valued at $372,000 after buying an additional 40,860 shares during the last quarter. ABS Direct Equity Fund LLC increased its position in Latham Group by 33.3% in the fourth quarter. ABS Direct Equity Fund LLC now owns 200,000 shares of the company's stock worth $1,392,000 after purchasing an additional 50,000 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Latham Group by 2.1% in the third quarter. Geode Capital Management LLC now owns 971,731 shares of the company's stock valued at $6,609,000 after buying an additional 20,209 shares during the period. Institutional investors own 83.95% of the company's stock.

Latham Group Stock Performance

Shares of NASDAQ:SWIM traded up $0.73 on Wednesday, hitting $5.73. The company had a trading volume of 1,867,911 shares, compared to its average volume of 570,567. The stock has a 50 day moving average price of $6.50 and a 200 day moving average price of $6.64. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. The stock has a market cap of $663.40 million, a price-to-earnings ratio of 63.67 and a beta of 1.70. Latham Group, Inc. has a 1-year low of $2.38 and a 1-year high of $8.41.

Insider Buying and Selling at Latham Group

In other Latham Group news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $6.54, for a total value of $688,335.00. Following the transaction, the insider now directly owns 332,818 shares of the company's stock, valued at $2,176,629.72. This represents a 24.03 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders own 8.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on SWIM. Stifel Nicolaus boosted their target price on Latham Group from $7.70 to $8.80 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Robert W. Baird set a $8.50 target price on shares of Latham Group in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $7.66.

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.