Barclays PLC Has $372,000 Stock Holdings in Latham Group, Inc. (NASDAQ:SWIM)

Barclays PLC raised its position in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 294.8% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,720 shares of the company's stock after acquiring an additional 40,860 shares during the period. Barclays PLC's holdings in Latham Group were worth $372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC boosted its stake in Latham Group by 75.9% during the 3rd quarter. FMR LLC now owns 7,239 shares of the company's stock valued at $49,000 after purchasing an additional 3,123 shares during the period. Quarry LP bought a new stake in shares of Latham Group in the third quarter valued at approximately $53,000. Quadrature Capital Ltd acquired a new stake in shares of Latham Group in the third quarter worth $72,000. Cubist Systematic Strategies LLC increased its position in Latham Group by 71.1% during the second quarter. Cubist Systematic Strategies LLC now owns 27,923 shares of the company's stock worth $85,000 after acquiring an additional 11,601 shares during the period. Finally, Voya Financial Advisors Inc. acquired a new position in Latham Group during the 3rd quarter valued at $89,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Latham Group Price Performance

Shares of SWIM stock traded down $0.04 during trading hours on Friday, hitting $6.74. The company had a trading volume of 280,880 shares, compared to its average volume of 473,802. Latham Group, Inc. has a 12 month low of $2.11 and a 12 month high of $8.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The firm's fifty day moving average is $6.69 and its 200 day moving average is $5.91. The firm has a market capitalization of $779.28 million, a price-to-earnings ratio of 74.90, a PEG ratio of 360.45 and a beta of 1.80.

Analysts Set New Price Targets

SWIM has been the topic of several research analyst reports. The Goldman Sachs Group raised their price target on shares of Latham Group from $3.00 to $5.00 and gave the stock a "sell" rating in a research report on Wednesday, November 6th. Robert W. Baird boosted their price target on Latham Group from $5.50 to $7.50 and gave the company an "outperform" rating in a research note on Wednesday, November 6th. Craig Hallum assumed coverage on Latham Group in a research report on Monday, December 9th. They issued a "buy" rating and a $10.00 price objective for the company. Finally, Stifel Nicolaus lifted their price objective on Latham Group from $7.70 to $8.80 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, Latham Group has an average rating of "Hold" and an average price target of $6.65.

Insiders Place Their Bets

In other news, CFO Oliver C. Gloe sold 10,216 shares of the business's stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $6.44, for a total value of $65,791.04. Following the transaction, the chief financial officer now directly owns 282,706 shares of the company's stock, valued at $1,820,626.64. The trade was a 3.49 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Sanjeev Bahl sold 11,750 shares of the firm's stock in a transaction on Monday, November 11th. The shares were sold at an average price of $5.90, for a total value of $69,325.00. Following the sale, the chief operating officer now directly owns 262,811 shares of the company's stock, valued at $1,550,584.90. This represents a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,157 shares of company stock worth $320,189 over the last three months. 7.60% of the stock is currently owned by corporate insiders.

About Latham Group

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.