US Bancorp DE Increases Stock Holdings in Latham Group, Inc. (NASDAQ:SWIM)

US Bancorp DE increased its stake in shares of Latham Group, Inc. (NASDAQ:SWIM) by 29,902.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,701 shares of the company’s stock after buying an additional 11,662 shares during the quarter. US Bancorp DE’s holdings in Latham Group were worth $81,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities analysts have recently weighed in on SWIM shares. Stifel Nicolaus boosted their target price on Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Craig Hallum began coverage on Latham Group in a research report on Monday, December 9th. They issued a “buy” rating and a $10.00 price objective on the stock. Finally, Robert W. Baird set a $8.50 target price on Latham Group in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Latham Group has an average rating of “Hold” and a consensus target price of $7.66.

Latham Group Stock Performance

NASDAQ:SWIM opened at $6.72 on Tuesday. Latham Group, Inc. has a 1 year low of $2.38 and a 1 year high of $8.41. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. The business has a fifty day simple moving average of $6.76 and a two-hundred day simple moving average of $6.65. The company has a market capitalization of $778.02 million, a P/E ratio of 74.67 and a beta of 1.84.

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.