Geode Capital Management LLC Purchases 20,209 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Geode Capital Management LLC increased its position in Latham Group, Inc. (NASDAQ:SWIM) by 2.1% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 971,731 shares of the company’s stock after purchasing an additional 20,209 shares during the quarter. Geode Capital Management LLC owned approximately 0.84% of Latham Group worth $6,609,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in SWIM. FMR LLC raised its holdings in 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 in the last quarter. Quarry LP purchased a new stake in shares of Latham Group in the 3rd quarter worth about $53,000. Quadrature Capital Ltd purchased a new stake in shares of Latham Group in the 3rd quarter worth about $72,000. Voya Financial Advisors Inc. bought a new position in shares of Latham Group in the 3rd quarter worth about $89,000. Finally, Intech Investment Management LLC purchased a new position in Latham Group during the 3rd quarter valued at about $92,000. 83.95% of the stock is currently owned by institutional investors.

Latham Group Price Performance

Shares of SWIM opened at $6.57 on Friday. Latham Group, Inc. has a twelve month low of $2.11 and a twelve month high of $8.41. The company has a market capitalization of $759.66 million, a P/E ratio of 73.01 and a beta of 1.84. The firm has a 50 day moving average of $6.65 and a 200 day moving average of $5.64. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67.

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 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Sanjeev Bahl sold 11,750 shares of the stock in a transaction on Monday, November 11th. The shares were sold at an average price of $5.90, for a total value of $69,325.00. Following the sale, the chief operating officer now directly owns 262,811 shares in the company, valued at $1,550,584.90. This trade represents a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 44,157 shares of company stock worth $320,189. Insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

SWIM has been the topic of a number of recent research reports. Craig Hallum began coverage on shares of Latham Group in a report on Monday, December 9th. They issued a “buy” rating and a $10.00 price objective on the stock. Stifel Nicolaus upped their price target on Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. The Goldman Sachs Group raised their price objective on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Finally, Robert W. Baird boosted their target price on Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $6.65.

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.