American Century Companies Inc. Grows Position in Latham Group, Inc. (NASDAQ:SWIM)

American Century Companies Inc. raised its stake in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 30.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 778,239 shares of the company's stock after purchasing an additional 179,866 shares during the quarter. American Century Companies Inc. owned 0.67% of Latham Group worth $5,417,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. FMR LLC boosted its stake in shares of Latham Group by 75.9% in the third quarter. FMR LLC now owns 7,239 shares of the company's stock valued at $49,000 after buying an additional 3,123 shares in the last quarter. Quarry LP purchased a new stake in shares of Latham Group during the 3rd quarter worth $53,000. Quadrature Capital Ltd purchased a new stake in shares of Latham Group during the 3rd quarter worth $72,000. US Bancorp DE grew its stake in shares of Latham Group by 29,902.6% during the 4th 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 period. Finally, Arizona State Retirement System purchased a new position in shares of Latham Group in the 4th quarter valued at about $82,000. Institutional investors and hedge funds own 83.95% of the company's stock.

Latham Group Price Performance

Latham Group stock traded down $0.49 during mid-day trading on Friday, hitting $5.46. 1,253,376 shares of the company were exchanged, compared to its average volume of 559,304. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. Latham Group, Inc. has a 12-month low of $2.38 and a 12-month high of $8.41. The business's 50 day simple moving average is $6.71 and its two-hundred day simple moving average is $6.68. The company has a market capitalization of $632.14 million, a P/E ratio of 60.67 and a beta of 1.70.

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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 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 transaction, the insider now 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 document filed with the SEC, which is available through this link. 8.60% of the stock is owned by insiders.

Analysts Set New Price Targets

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

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.