Commonwealth Equity Services LLC Makes New $1.43 Million Investment in Latham Group, Inc. (NASDAQ:SWIM)

Commonwealth Equity Services LLC purchased a new position in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 205,595 shares of the company's stock, valued at approximately $1,431,000. Commonwealth Equity Services LLC owned approximately 0.18% of Latham Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently modified their holdings of the company. Wynnchurch Capital Partners IV L.P. acquired a new position in Latham Group in the 4th quarter worth about $104,287,000. Principal Financial Group Inc. bought a new stake in shares of Latham Group during the third quarter worth about $697,000. Thrivent Financial for Lutherans acquired a new position in shares of Latham Group in the third quarter valued at approximately $635,000. Swiss National Bank bought a new position in Latham Group in the 4th quarter valued at approximately $553,000. Finally, Franklin Resources Inc. bought a new position in Latham Group in the 3rd quarter valued at approximately $438,000. 83.95% of the stock is currently owned by institutional investors.

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 shares were sold at an average price of $6.54, for a total transaction 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is currently owned by corporate insiders.

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Analyst Ratings Changes

Several equities analysts have issued reports on SWIM shares. Robert W. Baird set a $8.50 price target on shares of Latham Group in a research report on Wednesday, March 5th. Stifel Nicolaus raised 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. Finally, Craig Hallum initiated coverage on Latham Group in a research report on Monday, December 9th. They issued a "buy" rating and a $10.00 price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, Latham Group has an average rating of "Hold" and a consensus target price of $7.66.

Latham Group Trading Up 0.7 %

SWIM stock traded up $0.05 during midday trading on Wednesday, hitting $6.72. The stock had a trading volume of 466,379 shares, compared to its average volume of 551,547. Latham Group, Inc. has a 1-year low of $2.38 and a 1-year high of $8.41. 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 business has a fifty day moving average price of $6.76 and a two-hundred day moving average price of $6.70. The firm has a market cap of $778.02 million, a P/E ratio of 74.67 and a beta of 1.84.

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.