Latham Group, Inc. (NASDAQ:SWIM) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its stake in Latham Group, Inc. (NASDAQ:SWIM) by 0.5% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,470,596 shares of the company’s stock after selling 12,652 shares during the period. Victory Capital Management Inc. owned 2.14% of Latham Group worth $17,195,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Principal Financial Group Inc. bought a new position in shares of Latham Group in the third quarter valued at approximately $697,000. Los Angeles Capital Management LLC lifted its position in Latham Group by 32.1% in the third quarter. Los Angeles Capital Management LLC now owns 200,177 shares of the company’s stock worth $1,361,000 after purchasing an additional 48,630 shares during the period. Empowered Funds LLC boosted its stake in Latham Group by 22.8% during the 3rd quarter. Empowered Funds LLC now owns 358,927 shares of the company’s stock valued at $2,441,000 after purchasing an additional 66,647 shares in the last quarter. Natixis Advisors LLC acquired a new position in shares of Latham Group during the 3rd quarter valued at $350,000. Finally, Thrivent Financial for Lutherans bought a new stake in shares of Latham Group in the 3rd quarter worth $635,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Trading Up 3.0 %

Latham Group stock opened at $7.26 on Wednesday. Latham Group, Inc. has a 52 week low of $2.38 and a 52 week high of $8.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The firm has a market capitalization of $840.54 million, a price-to-earnings ratio of 80.68 and a beta of 1.84. The company has a 50 day moving average price of $6.73 and a 200 day moving average price of $6.62.

Analysts Set New Price Targets

A number of research firms recently issued reports on SWIM. Robert W. Baird set a $8.50 target price on Latham Group in a report on Wednesday, March 5th. Stifel Nicolaus lifted their price objective on shares of Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, Craig Hallum began coverage on shares of Latham Group in a research report on Monday, December 9th. They issued a “buy” rating and a $10.00 price target on the stock. Two 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. According to MarketBeat, Latham Group presently has a consensus rating of “Hold” and an average price target of $6.82.

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.