Arizona State Retirement System Invests $82,000 in Latham Group, Inc. (NASDAQ:SWIM)

Arizona State Retirement System bought a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 11,715 shares of the company’s stock, valued at approximately $82,000.

A number of other institutional investors have also made changes to their positions in SWIM. FMR LLC lifted its position in shares of Latham Group by 75.9% during 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 acquired a new position in shares of Latham Group during the third quarter worth $53,000. Quadrature Capital Ltd acquired a new position in shares of Latham Group during the third quarter worth $72,000. US Bancorp DE raised its holdings in Latham Group by 29,902.6% in the fourth quarter. US Bancorp DE now owns 11,701 shares of the company’s stock valued at $81,000 after acquiring an additional 11,662 shares in the last quarter. Finally, Voya Financial Advisors Inc. acquired a new stake in Latham Group in the third quarter valued at $89,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Latham Group Stock Up 6.6 %

SWIM stock opened at $7.29 on Monday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. Latham Group, Inc. has a 1-year low of $2.38 and a 1-year high of $8.41. The firm has a fifty day moving average price of $6.75 and a two-hundred day moving average price of $6.64. The firm has a market cap of $844.01 million, a price-to-earnings ratio of 81.01 and a beta of 1.84.

Wall Street Analyst Weigh In

SWIM has been the topic of several recent analyst reports. Craig Hallum initiated coverage on shares of Latham Group in a report on Monday, December 9th. They issued a “buy” rating and a $10.00 price target on the stock. Stifel Nicolaus upped their price target on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a report on Wednesday, December 11th. Finally, Robert W. Baird set a $8.50 price target on shares of Latham Group in a report on Wednesday, March 5th. One analyst has 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 data from MarketBeat.com, Latham Group presently has an average rating of “Hold” and a consensus price target of $7.66.

About Latham Group

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.