Thrivent Financial for Lutherans Buys 15,504 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Thrivent Financial for Lutherans boosted its stake in Latham Group, Inc. (NASDAQ:SWIM) by 16.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 108,877 shares of the company’s stock after buying an additional 15,504 shares during the period. Thrivent Financial for Lutherans owned approximately 0.09% of Latham Group worth $758,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. Olympiad Research LP grew its position in shares of Latham Group by 8.0% in the fourth quarter. Olympiad Research LP now owns 25,418 shares of the company’s stock valued at $177,000 after purchasing an additional 1,889 shares during the last quarter. Rhumbline Advisers boosted its stake in Latham Group by 4.8% in the 4th quarter. Rhumbline Advisers now owns 64,502 shares of the company’s stock valued at $449,000 after purchasing an additional 2,942 shares during the period. FMR LLC grew its holdings in Latham Group by 75.9% in the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock valued at $49,000 after buying an additional 3,123 shares in the last quarter. SG Americas Securities LLC increased its position in Latham Group by 20.3% during the 4th quarter. SG Americas Securities LLC now owns 18,573 shares of the company’s stock worth $129,000 after buying an additional 3,133 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its position in Latham Group by 2.2% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 340,603 shares of the company’s stock worth $2,371,000 after buying an additional 7,397 shares during the period. 83.95% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on SWIM shares. Craig Hallum began coverage on shares of Latham Group in a research note on Monday, December 9th. They issued a “buy” rating and a $10.00 price target on the stock. Stifel Nicolaus boosted their price objective 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 target price on shares of Latham Group in a research report on Wednesday, March 5th. One investment 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’s stock. According to MarketBeat.com, Latham Group has a consensus rating of “Hold” and an average target price of $7.66.

Insider Buying and Selling

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of Latham Group stock in a transaction that occurred 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 transaction, the insider now directly owns 332,818 shares of the company’s stock, valued at $2,176,629.72. This trade represents a 24.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 8.60% of the stock is currently owned by company insiders.

Latham Group Stock Performance

SWIM opened at $6.72 on Thursday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. Latham Group, Inc. has a 52-week low of $2.38 and a 52-week high of $8.41. The firm has a market cap of $778.02 million, a P/E ratio of 74.67 and a beta of 1.84. The business’s fifty day moving average is $6.76 and its 200-day moving average is $6.70.

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.