CenterBook Partners LP Boosts Stock Position in Latham Group, Inc. (NASDAQ:SWIM)

CenterBook Partners LP boosted its holdings in shares of Latham Group, Inc. (NASDAQ:SWIM) by 240.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,151,534 shares of the company’s stock after purchasing an additional 813,620 shares during the quarter. CenterBook Partners LP owned about 1.00% of Latham Group worth $8,015,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of SWIM. Summit Securities Group LLC purchased a new stake in shares of Latham Group during the 4th quarter valued at about $33,000. FMR LLC boosted its holdings 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 purchasing an additional 3,123 shares during the period. Quarry LP bought a new position in shares of Latham Group during the 3rd quarter valued at approximately $53,000. Quadrature Capital Ltd purchased a new stake in Latham Group during the 3rd quarter valued at $72,000. Finally, US Bancorp DE lifted its position in Latham Group by 29,902.6% in the fourth quarter. US Bancorp DE now owns 11,701 shares of the company’s stock worth $81,000 after buying an additional 11,662 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Insider Buying and Selling

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,176,629.72. The trade was a 24.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.60% of the stock is currently owned by insiders.

Analysts Set New Price Targets

A number of research analysts have weighed in on SWIM shares. Stifel Nicolaus boosted their price objective on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird set a $8.50 price target on shares of 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, Latham Group has an average rating of “Hold” and a consensus target price of $7.66.

Latham Group Stock Performance

SWIM stock opened at $5.00 on Wednesday. Latham Group, Inc. has a twelve month low of $2.38 and a twelve month high of $8.41. The firm has a market cap of $578.89 million, a price-to-earnings ratio of 55.56 and a beta of 1.70. The business’s fifty day simple moving average is $6.57 and its two-hundred day simple moving average is $6.66. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67.

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.