Natixis Advisors LLC Has $1.07 Million Stake in Latham Group, Inc. (NASDAQ:SWIM)

Natixis Advisors LLC raised its position in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 198.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 153,510 shares of the company's stock after purchasing an additional 102,062 shares during the quarter. Natixis Advisors LLC owned 0.13% of Latham Group worth $1,068,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. FMR LLC raised its position in Latham Group by 75.9% during the third quarter. FMR LLC now owns 7,239 shares of the company's stock valued at $49,000 after buying an additional 3,123 shares during the period. Quarry LP acquired a new position in shares of Latham Group in the 3rd quarter valued at about $53,000. Quadrature Capital Ltd purchased a new stake in shares of Latham Group in the third quarter worth approximately $72,000. US Bancorp DE boosted its holdings in shares of Latham Group by 29,902.6% during the fourth quarter. US Bancorp DE now owns 11,701 shares of the company's stock worth $81,000 after purchasing an additional 11,662 shares during the period. Finally, Arizona State Retirement System acquired a new stake in shares of Latham Group during the fourth quarter worth approximately $82,000. Hedge funds and other institutional investors own 83.95% of the company's stock.

Latham Group Stock Performance

Shares of NASDAQ:SWIM traded down $0.56 during trading on Friday, hitting $6.43. 1,014,710 shares of the stock were exchanged, compared to its average volume of 550,094. The company's fifty day simple moving average is $6.77 and its 200-day simple moving average is $6.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The company has a market capitalization of $744.45 million, a price-to-earnings ratio of 71.45 and a beta of 1.84. Latham Group, Inc. has a 1-year low of $2.38 and a 1-year high of $8.41.

Remove Ads

Insider Activity

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the firm's 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 transaction, the insider now owns 332,818 shares in the company, valued at $2,176,629.72. This trade represents a 24.03 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several analysts have commented on the stock. Craig Hallum assumed coverage on shares of Latham Group in a research report on Monday, December 9th. They issued a "buy" rating and a $10.00 target price for the company. Stifel Nicolaus upped their price objective on shares of Latham Group from $7.70 to $8.80 and gave the stock a "buy" rating in a report on Wednesday, December 11th. Finally, Robert W. Baird set a $8.50 target price on Latham Group in a report on Wednesday, March 5th. One 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. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $7.66.

Latham Group Company 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.