Cornercap Investment Counsel Inc. Has $256,000 Stake in Latham Group, Inc. (NASDAQ:SWIM)

Cornercap Investment Counsel Inc. cut its position in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 65.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 36,802 shares of the company's stock after selling 68,897 shares during the quarter. Cornercap Investment Counsel Inc.'s holdings in Latham Group were worth $256,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Pamplona Capital Management LLC acquired a new stake in shares of Latham Group in the fourth quarter valued at about $360,846,000. Wynnchurch Capital Partners IV L.P. bought a new position in Latham Group in the 4th quarter worth approximately $104,287,000. Geode Capital Management LLC increased its position in Latham Group by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 971,731 shares of the company's stock worth $6,609,000 after buying an additional 20,209 shares during the period. State Street Corp lifted its holdings in shares of Latham Group by 5.4% during the third quarter. State Street Corp now owns 789,974 shares of the company's stock worth $5,372,000 after buying an additional 40,764 shares during the last quarter. Finally, American Century Companies Inc. boosted its position in shares of Latham Group by 30.1% in the fourth quarter. American Century Companies Inc. now owns 778,239 shares of the company's stock valued at $5,417,000 after acquiring an additional 179,866 shares during the period. Institutional investors own 83.95% of the company's stock.

Analyst Upgrades and Downgrades

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

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Latham Group Stock Performance

Latham Group stock traded down $0.61 on Thursday, hitting $6.11. The company's stock had a trading volume of 159,631 shares, compared to its average volume of 550,028. Latham Group, Inc. has a one year low of $2.38 and a one year high of $8.41. The firm has a market cap of $707.40 million, a P/E ratio of 67.90 and a beta of 1.84. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. The company has a fifty day moving average price of $6.76 and a 200-day moving average price of $6.70.

Insider Buying and Selling

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 completion of the transaction, the insider now directly owns 332,818 shares in the company, valued at $2,176,629.72. This represents a 24.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.60% of the company's stock.

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.