Renaissance Technologies LLC Grows Position in Latham Group, Inc. (NASDAQ:SWIM)

Renaissance Technologies LLC grew its stake in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 24.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 860,159 shares of the company's stock after acquiring an additional 171,359 shares during the period. Renaissance Technologies LLC owned 0.74% of Latham Group worth $5,987,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Summit Securities Group LLC purchased a new position in Latham Group during the 4th quarter worth $33,000. FMR LLC increased its stake in shares of 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. US Bancorp DE raised its holdings in shares of Latham Group by 29,902.6% in the fourth quarter. US Bancorp DE now owns 11,701 shares of the company's stock valued at $81,000 after acquiring an additional 11,662 shares in the last quarter. Arizona State Retirement System purchased a new stake in Latham Group in the fourth quarter worth about $82,000. Finally, EntryPoint Capital LLC bought a new position in Latham Group during the 4th quarter worth about $109,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Latham Group Stock Up 3.1 %

Shares of SWIM stock traded up $0.17 during mid-day trading on Thursday, hitting $5.72. 133,395 shares of the stock traded hands, compared to its average volume of 658,187. The stock's fifty day moving average is $6.13 and its two-hundred day moving average is $6.53. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. Latham Group, Inc. has a 52-week low of $2.38 and a 52-week high of $8.41. The stock has a market cap of $662.24 million, a P/E ratio of 63.56 and a beta of 1.70.

Wall Street Analyst Weigh In

Separately, Robert W. Baird set a $8.50 price objective on shares of Latham Group in a research note on Wednesday, March 5th. One equities 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 company's stock. Based on data from MarketBeat, Latham Group presently has a consensus rating of "Hold" and an average target price of $7.66.

Insider Activity at Latham Group

In other Latham Group news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the firm's stock in a transaction dated Friday, March 14th. The stock was 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 of the company's stock, valued at approximately $2,176,629.72. This trade represents a 24.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is currently owned by corporate insiders.

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.