Invesco Ltd. lessened its stake in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 9.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 655,944 shares of the company's stock after selling 67,435 shares during the quarter. Invesco Ltd. owned 0.57% of Latham Group worth $4,565,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in the stock. LPL Financial LLC lifted its stake in Latham Group by 12.0% in the fourth quarter. LPL Financial LLC now owns 15,954 shares of the company's stock worth $111,000 after acquiring an additional 1,713 shares during the last quarter. Olympiad Research LP raised its holdings in shares of Latham Group by 8.0% in the 4th quarter. Olympiad Research LP now owns 25,418 shares of the company's stock valued at $177,000 after purchasing an additional 1,889 shares in the last quarter. Rhumbline Advisers lifted its position in shares of Latham Group by 4.8% during the 4th quarter. Rhumbline Advisers now owns 64,502 shares of the company's stock worth $449,000 after purchasing an additional 2,942 shares during the last quarter. SG Americas Securities LLC grew its stake in shares of Latham Group by 20.3% during the fourth quarter. SG Americas Securities LLC now owns 18,573 shares of the company's stock worth $129,000 after purchasing an additional 3,133 shares in the last quarter. Finally, Summit Securities Group LLC acquired a new position in shares of Latham Group during the fourth quarter worth $33,000. Hedge funds and other institutional investors own 83.95% of the company's stock.
Insider Activity
In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the company's stock in a transaction on Friday, March 14th. The shares were sold at an average price of $6.54, for a total value 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 8.60% of the company's stock.
Latham Group Price Performance
Shares of NASDAQ:SWIM opened at $5.56 on Friday. Latham Group, Inc. has a 12 month low of $2.38 and a 12 month high of $8.41. The firm has a market capitalization of $643.72 million, a P/E ratio of 61.78 and a beta of 1.70. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. The company's fifty day moving average price is $6.09 and its 200 day moving average price is $6.51.
Wall Street Analyst Weigh In
Separately, Robert W. Baird set a $8.50 price target on Latham Group in a 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 issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $7.66.
View Our Latest Research Report on Latham Group
About Latham Group
(
Free Report)
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.
Further Reading
Want to see what other hedge funds are holding SWIM? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Latham Group, Inc. (NASDAQ:SWIM - Free Report).
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