Y Intercept Hong Kong Ltd Purchases New Shares in Latham Group, Inc. (NASDAQ:SWIM)

Y Intercept Hong Kong Ltd purchased a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 17,005 shares of the company’s stock, valued at approximately $118,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC raised its holdings in shares of Latham Group by 75.9% in the third quarter. FMR LLC now owns 7,239 shares of the company’s stock valued at $49,000 after buying an additional 3,123 shares during the last quarter. Quarry LP purchased a new stake in Latham Group during the 3rd quarter valued at approximately $53,000. Quadrature Capital Ltd acquired a new stake in Latham Group during the 3rd quarter worth approximately $72,000. Voya Financial Advisors Inc. purchased a new position in shares of Latham Group in the 3rd quarter valued at approximately $89,000. Finally, Intech Investment Management LLC acquired a new position in shares of Latham Group in the third quarter valued at approximately $92,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently weighed in on SWIM shares. The Goldman Sachs Group increased their price target on Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Robert W. Baird lifted their target price on shares of Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Craig Hallum started coverage on shares of Latham Group in a report on Monday, December 9th. They set a “buy” rating and a $10.00 price target for the company. Finally, Stifel Nicolaus raised 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. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $6.65.

Latham Group Stock Up 36.8 %

Shares of NASDAQ SWIM opened at $7.47 on Thursday. The stock has a market capitalization of $863.72 million, a price-to-earnings ratio of 83.01 and a beta of 1.81. Latham Group, Inc. has a 52 week low of $2.38 and a 52 week high of $8.41. The firm has a 50-day moving average price of $6.71 and a 200 day moving average price of $6.58. 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 Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the business’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total transaction of $185,072.94. Following the sale, the chief executive officer now directly owns 480,829 shares in the company, valued at approximately $4,010,113.86. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 8.60% of the stock is currently owned by corporate 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.