Natixis Advisors LLC Has $1.07 Million Position in Latham Group, Inc. (NASDAQ:SWIM)

Natixis Advisors LLC grew its position in Latham Group, Inc. (NASDAQ:SWIM) by 198.4% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 153,510 shares of the company’s stock after purchasing an additional 102,062 shares during the period. Natixis Advisors LLC owned about 0.13% of Latham Group worth $1,068,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. FMR LLC raised its stake in Latham Group by 75.9% during the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after buying an additional 3,123 shares during the period. Quarry LP acquired a new stake in shares of Latham Group during the third quarter worth about $53,000. Quadrature Capital Ltd bought a new position in shares of Latham Group during the 3rd quarter valued at about $72,000. US Bancorp DE grew its position in shares of Latham Group by 29,902.6% in the 4th quarter. US Bancorp DE now owns 11,701 shares of the company’s stock valued at $81,000 after purchasing an additional 11,662 shares during the period. Finally, Arizona State Retirement System bought a new stake in Latham Group during the 4th quarter worth approximately $82,000. 83.95% of the stock is owned by institutional investors.

Insider Activity at Latham Group

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the firm’s stock in a transaction on Friday, March 14th. The shares were sold at an average price of $6.54, for a total value of $688,335.00. Following the completion of the transaction, the insider now directly owns 332,818 shares of the company’s stock, valued at approximately $2,176,629.72. This trade represents a 24.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research firms have recently weighed in on SWIM. 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. Craig Hallum initiated coverage on Latham Group in a report on Monday, December 9th. They set a “buy” rating and a $10.00 target price for the company. Finally, Robert W. Baird set a $8.50 price target on Latham Group in a 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 given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $7.66.

Latham Group Stock Up 3.3 %

Latham Group stock opened at $6.89 on Wednesday. The company has a fifty day simple moving average of $6.77 and a 200 day simple moving average of $6.67. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a 1-year low of $2.38 and a 1-year high of $8.41. The company has a market cap of $797.70 million, a P/E ratio of 76.56 and a beta of 1.84.

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.