102,446 Shares in Latham Group, Inc. (NASDAQ:SWIM) Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. acquired a new position in Latham Group, Inc. (NASDAQ:SWIM - Free Report) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 102,446 shares of the company's stock, valued at approximately $697,000. Principal Financial Group Inc. owned approximately 0.09% of Latham Group as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. Thrivent Financial for Lutherans acquired a new stake in shares of Latham Group in the 3rd quarter valued at approximately $635,000. Roubaix Capital LLC lifted its stake in Latham Group by 70.9% in the third quarter. Roubaix Capital LLC now owns 761,541 shares of the company's stock valued at $5,178,000 after acquiring an additional 315,889 shares during the last quarter. FMR LLC grew 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 valued at $49,000 after acquiring an additional 3,123 shares during the period. Franklin Resources Inc. acquired a new position in shares of Latham Group during the 3rd quarter worth about $438,000. Finally, Barclays PLC increased its stake in shares of Latham Group by 294.8% during the 3rd quarter. Barclays PLC now owns 54,720 shares of the company's stock worth $372,000 after purchasing an additional 40,860 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company's stock.

Latham Group Price Performance

Shares of SWIM remained flat at $6.57 during midday trading on Monday. The stock had a trading volume of 450,639 shares, compared to its average volume of 582,846. The firm has a fifty day moving average of $6.65 and a 200 day moving average of $5.69. The stock has a market capitalization of $759.66 million, a P/E ratio of 73.01 and a beta of 1.80. Latham Group, Inc. has a 12 month low of $2.11 and a 12 month high of $8.41. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67.

Insider Buying and Selling

In other Latham Group news, CFO Oliver C. Gloe sold 10,216 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $6.44, for a total transaction of $65,791.04. Following the sale, the chief financial officer now directly owns 282,706 shares in the company, valued at $1,820,626.64. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Scott Michael Rajeski sold 22,191 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total transaction of $185,072.94. Following the sale, the chief executive officer now owns 480,829 shares in the company, valued at $4,010,113.86. This represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 44,157 shares of company stock valued at $320,189. 8.60% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research firms recently commented on SWIM. Robert W. Baird lifted their price target on Latham Group from $5.50 to $7.50 and gave the stock an "outperform" rating in a report on Wednesday, November 6th. The Goldman Sachs Group lifted their target price on Latham Group from $3.00 to $5.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. Craig Hallum started coverage on Latham Group in a research note on Monday, December 9th. They issued a "buy" rating and a $10.00 price target on the stock. Finally, Stifel Nicolaus lifted their price objective on shares of Latham Group from $7.70 to $8.80 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $6.65.

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.