Russell Investments Group Ltd. Raises Position in Latham Group, Inc. (NASDAQ:SWIM)

Russell Investments Group Ltd. lifted its position in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 1,220.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 112,156 shares of the company's stock after acquiring an additional 103,663 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of Latham Group worth $781,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in SWIM. Wynnchurch Capital Partners IV L.P. purchased a new stake in Latham Group in the fourth quarter worth $104,287,000. Principal Financial Group Inc. purchased a new position in Latham Group in the third quarter worth $697,000. Barclays PLC increased its position in shares of Latham Group by 294.8% during the 3rd quarter. Barclays PLC now owns 54,720 shares of the company's stock valued at $372,000 after purchasing an additional 40,860 shares during the last quarter. ABS Direct Equity Fund LLC grew its position in Latham Group by 33.3% during the fourth quarter. ABS Direct Equity Fund LLC now owns 200,000 shares of the company's stock valued at $1,392,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Geode Capital Management LLC raised its position in Latham Group by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 971,731 shares of the company's stock worth $6,609,000 after purchasing an additional 20,209 shares during the period. Hedge funds and other institutional investors own 83.95% of the company's stock.

Insider Transactions 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 directly owns 332,818 shares of the company's stock, valued at $2,176,629.72. This 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. Corporate insiders own 8.60% of the company's stock.

Latham Group Stock Performance

Shares of SWIM opened at $4.94 on Wednesday. The company has a 50-day simple moving average of $6.16 and a two-hundred day simple moving average of $6.54. 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 capitalization of $571.94 million, a PE ratio of 54.89 and a beta of 1.70. Latham Group, Inc. has a one year low of $2.38 and a one year high of $8.41.

Analyst Ratings Changes

Separately, Robert W. Baird set a $8.50 price target on Latham Group in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, Latham Group has an average rating of "Hold" and an average price target 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.

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