CenterBook Partners LP Buys 813,620 Shares of Latham Group, Inc. (NASDAQ:SWIM)

CenterBook Partners LP lifted its stake in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 240.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,151,534 shares of the company's stock after acquiring an additional 813,620 shares during the quarter. CenterBook Partners LP owned 1.00% of Latham Group worth $8,015,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of the stock. Summit Securities Group LLC acquired a new position in shares of Latham Group in the 4th quarter valued at $33,000. FMR LLC boosted its holdings in shares of Latham Group by 75.9% in the third 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 period. Quarry LP purchased a new position in shares of Latham Group in the third quarter worth approximately $53,000. Quadrature Capital Ltd acquired a new stake in shares of Latham Group during the third quarter valued at approximately $72,000. Finally, US Bancorp DE lifted its position in shares of Latham Group by 29,902.6% in the 4th quarter. US Bancorp DE now owns 11,701 shares of the company's stock valued at $81,000 after acquiring an additional 11,662 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

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 that occurred 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 owns 332,818 shares in the company, 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 Securities & Exchange Commission, which is available through this link. Company insiders own 8.60% of the company's stock.

Analyst Ratings Changes

Separately, Robert W. Baird set a $8.50 price objective on shares of Latham Group in a research 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 company has a consensus rating of "Hold" and an average price target of $7.66.

Latham Group Stock Up 0.6 %

Shares of SWIM traded up $0.03 during trading hours on Monday, hitting $5.04. 187,981 shares of the company were exchanged, compared to its average volume of 577,031. The firm's 50 day moving average is $6.41 and its 200-day moving average is $6.62. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. Latham Group, Inc. has a 52 week low of $2.38 and a 52 week high of $8.41. The company has a market cap of $583.52 million, a PE ratio of 56.01 and a beta of 1.70.

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.