79,500 Shares in Latham Group, Inc. (NASDAQ:SWIM) Purchased by Swiss National Bank

Swiss National Bank acquired a new stake in Latham Group, Inc. (NASDAQ:SWIM - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 79,500 shares of the company's stock, valued at approximately $553,000. Swiss National Bank owned approximately 0.07% of Latham Group as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Thrivent Financial for Lutherans bought a new position in shares of Latham Group in the third quarter valued at $635,000. Intech Investment Management LLC acquired a new stake in shares of Latham Group in the 3rd quarter worth about $92,000. Charles Schwab Investment Management Inc. lifted its position in Latham Group by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,206 shares of the company's stock valued at $2,266,000 after acquiring an additional 7,502 shares in the last quarter. The Manufacturers Life Insurance Company acquired a new position in Latham Group during the 3rd quarter valued at about $113,000. Finally, FMR LLC raised its stake in shares of Latham Group by 75.9% in the third quarter. FMR LLC now owns 7,239 shares of the company's stock worth $49,000 after purchasing an additional 3,123 shares during the last quarter. Institutional investors and hedge funds 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 firm's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of $6.54, for a total transaction of $688,335.00. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 8.60% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages recently issued reports on SWIM. Stifel Nicolaus lifted their target price on Latham Group from $7.70 to $8.80 and gave the company a "buy" rating in a research report on Wednesday, December 11th. Craig Hallum initiated coverage on shares of Latham Group in a report on Monday, December 9th. They set a "buy" rating and a $10.00 price objective on the stock. Finally, Robert W. Baird set a $8.50 target price 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 given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $7.66.

Latham Group Stock Performance

SWIM stock traded down $0.05 during midday trading on Wednesday, hitting $6.62. The company's stock had a trading volume of 214,375 shares, compared to its average volume of 618,369. The stock has a market cap of $766.44 million, a price-to-earnings ratio of 73.56 and a beta of 1.84. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. The stock's 50-day moving average price is $6.76 and its 200 day moving average price is $6.69. Latham Group, Inc. has a 1 year low of $2.38 and a 1 year high of $8.41.

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.