Charles Schwab Investment Management Inc. Raises Holdings in Latham Group, Inc. (NASDAQ:SWIM)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Latham Group, Inc. (NASDAQ:SWIM) by 2.3% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 333,206 shares of the company’s stock after acquiring an additional 7,502 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.29% of Latham Group worth $2,266,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Panagora Asset Management Inc. grew its stake in shares of Latham Group by 1.6% during the second quarter. Panagora Asset Management Inc. now owns 197,072 shares of the company’s stock worth $597,000 after acquiring an additional 3,161 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Latham Group by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 177,134 shares of the company’s stock valued at $537,000 after buying an additional 3,837 shares during the last quarter. ELCO Management Co. LLC boosted its position in Latham Group by 8.6% in the second quarter. ELCO Management Co. LLC now owns 97,762 shares of the company’s stock valued at $296,000 after buying an additional 7,762 shares during the last quarter. BloombergSen Inc. boosted its position in Latham Group by 24.3% in the second quarter. BloombergSen Inc. now owns 48,560 shares of the company’s stock valued at $147,000 after buying an additional 9,506 shares during the last quarter. Finally, Cubist Systematic Strategies LLC boosted its position in Latham Group by 71.1% in the second quarter. Cubist Systematic Strategies LLC now owns 27,923 shares of the company’s stock valued at $85,000 after buying an additional 11,601 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Latham Group Trading Down 2.5 %

Shares of NASDAQ:SWIM opened at $7.53 on Monday. Latham Group, Inc. has a 12-month low of $2.11 and a 12-month high of $8.41. The company has a market capitalization of $870.62 million, a PE ratio of 83.68 and a beta of 1.84. The business has a 50 day moving average of $6.59 and a two-hundred day moving average of $5.32. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67.

Analyst Upgrades and Downgrades

SWIM has been the topic of a number of recent research reports. Stifel Nicolaus upped 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. The Goldman Sachs Group upped their target price on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Craig Hallum initiated coverage on Latham Group in a research report on Monday, December 9th. They issued a “buy” rating and a $10.00 target price on the stock. Finally, Robert W. Baird upped their target price on Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $6.65.

Insider Buying and Selling at Latham Group

In other news, CFO Oliver C. Gloe sold 10,216 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $6.44, for a total transaction of $65,791.04. Following the completion of the transaction, the chief financial officer now directly owns 282,706 shares of the company’s stock, valued at $1,820,626.64. This represents a 3.49 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CEO Scott Michael Rajeski sold 22,191 shares of the company’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total value of $185,072.94. Following the transaction, the chief executive officer now directly owns 480,829 shares of the company’s stock, valued at approximately $4,010,113.86. The trade was a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 44,157 shares of company stock valued at $320,189. 8.60% of the stock is owned by company insiders.

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.