Intech Investment Management LLC Acquires New Shares in Latham Group, Inc. (NASDAQ:SWIM)

Intech Investment Management LLC bought a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 13,473 shares of the company’s stock, valued at approximately $92,000.

Other institutional investors also recently modified their holdings of the company. Principal Financial Group Inc. acquired a new stake in Latham Group during the 3rd quarter worth $697,000. Roubaix Capital LLC increased its holdings in shares of Latham Group by 70.9% in the third quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock worth $5,178,000 after acquiring an additional 315,889 shares in the last quarter. Vanguard Group Inc. raised its position in shares of Latham Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock worth $8,234,000 after purchasing an additional 17,259 shares during the period. Thrivent Financial for Lutherans bought a new position in shares of Latham Group during the 3rd quarter valued at about $635,000. Finally, American Century Companies Inc. grew its position in shares of Latham Group by 103.7% in the 2nd quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock valued at $1,269,000 after purchasing an additional 213,128 shares during the period. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, COO Sanjeev Bahl sold 11,750 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $5.90, for a total value of $69,325.00. Following the completion of the sale, the chief operating officer now directly owns 262,811 shares of the company’s stock, valued at $1,550,584.90. This trade represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CFO Oliver C. Gloe sold 10,216 shares of Latham Group stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $6.44, for a total value of $65,791.04. Following the transaction, the chief financial officer now owns 282,706 shares of the company’s stock, valued at $1,820,626.64. This represents a 3.49 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 8.60% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on SWIM shares. The Goldman Sachs Group raised their target price on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Barclays raised their price objective on shares of Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Robert W. Baird upped their target price on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price target on Latham Group from $7.00 to $7.70 and gave the company a “buy” rating in a research note on Monday, November 25th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $5.76.

Latham Group Stock Performance

Shares of SWIM stock opened at $6.48 on Monday. Latham Group, Inc. has a 12 month low of $2.11 and a 12 month high of $7.33. The company’s fifty day simple moving average is $6.49 and its 200-day simple moving average is $5.18. The firm has a market cap of $749.22 million, a PE ratio of 72.01 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.

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.