Formula Growth Ltd. Sells 259,045 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Formula Growth Ltd. decreased its position in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 17.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,203,079 shares of the company's stock after selling 259,045 shares during the period. Latham Group comprises approximately 2.8% of Formula Growth Ltd.'s holdings, making the stock its biggest holding. Formula Growth Ltd. owned about 1.04% of Latham Group worth $8,373,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Wasatch Advisors LP bought a new stake in shares of Latham Group during the 4th quarter valued at about $17,408,000. Barclays PLC raised its position in shares of Latham Group by 27.0% during the 4th quarter. Barclays PLC now owns 69,477 shares of the company's stock worth $484,000 after purchasing an additional 14,757 shares during the period. Kennedy Capital Management LLC bought a new stake in shares of Latham Group in the 4th quarter worth approximately $1,296,000. CenterBook Partners LP boosted its position in Latham Group by 240.8% during the 4th quarter. CenterBook Partners LP now owns 1,151,534 shares of the company's stock valued at $8,015,000 after purchasing an additional 813,620 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Latham Group by 24.9% during the 4th quarter. Renaissance Technologies LLC now owns 860,159 shares of the company's stock worth $5,987,000 after buying an additional 171,359 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company's stock.

Latham Group Price Performance

Shares of Latham Group stock traded up $0.28 on Thursday, hitting $5.83. The company had a trading volume of 272,803 shares, compared to its average volume of 591,455. Latham Group, Inc. has a 52 week low of $2.38 and a 52 week high of $8.41. 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 has a market cap of $674.40 million, a PE ratio of 64.73 and a beta of 1.70. The business has a 50-day simple moving average of $6.13 and a 200-day simple moving average of $6.53.

Wall Street Analyst Weigh In

Separately, Robert W. Baird set a $8.50 price target on shares of Latham Group in a report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Latham Group currently has a consensus rating of "Hold" and an average price target of $7.66.

Insider Transactions at Latham Group

In other Latham Group news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of Latham Group stock in a transaction that occurred 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 transaction, the insider now owns 332,818 shares in the company, valued at approximately $2,176,629.72. The trade was a 24.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 8.60% of the company's stock.

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.