Pamplona Capital Management LLC Takes Position in Latham Group, Inc. (NASDAQ:SWIM)

Pamplona Capital Management LLC purchased a new stake in Latham Group, Inc. (NASDAQ:SWIM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 51,845,685 shares of the company's stock, valued at approximately $360,846,000. Latham Group accounts for 51.3% of Pamplona Capital Management LLC's holdings, making the stock its biggest position. Pamplona Capital Management LLC owned approximately 44.84% of Latham Group at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. FMR LLC raised its position in shares of Latham Group by 75.9% in the 3rd quarter. FMR LLC now owns 7,239 shares of the company's stock worth $49,000 after buying an additional 3,123 shares during the period. Quarry LP purchased a new position in shares of Latham Group in the 3rd quarter worth about $53,000. Quadrature Capital Ltd acquired a new position in shares of Latham Group in the 3rd quarter valued at about $72,000. US Bancorp DE grew its holdings in shares of Latham Group by 29,902.6% during the 4th 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 Latham Group during the 4th quarter worth approximately $82,000. Institutional investors and hedge funds own 83.95% of the company's stock.

Latham Group Stock Up 1.9 %

Latham Group stock traded up $0.13 during midday trading on Wednesday, hitting $6.80. 175,540 shares of the stock were exchanged, compared to its average volume of 548,958. Latham Group, Inc. has a 1 year low of $2.38 and a 1 year 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 firm has a market cap of $787.28 million, a P/E ratio of 75.56 and a beta of 1.84. The company has a 50 day moving average price of $6.76 and a two-hundred day moving average price of $6.69.

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Insider Buying and Selling at Latham Group

In other news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $6.54, for a total value of $688,335.00. Following the sale, the insider now owns 332,818 shares in the company, valued at approximately $2,176,629.72. This represents a 24.03 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on SWIM shares. Robert W. Baird set a $8.50 price objective on shares of Latham Group in a research note on Wednesday, March 5th. Craig Hallum began coverage on shares of Latham Group in a research report on Monday, December 9th. They set a "buy" rating and a $10.00 price target for the company. Finally, Stifel Nicolaus raised their price objective on Latham Group from $7.70 to $8.80 and gave the company a "buy" rating in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Latham Group presently has a consensus rating of "Hold" and a consensus target price of $7.66.

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.