Latham Group, Inc. (NASDAQ:SWIM) Shares Acquired by Barclays PLC

Barclays PLC raised its stake in shares of Latham Group, Inc. (NASDAQ:SWIM) by 294.8% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 54,720 shares of the company’s stock after purchasing an additional 40,860 shares during the period. Barclays PLC’s holdings in Latham Group were worth $372,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. XTX Topco Ltd acquired a new stake in shares of Latham Group during the 3rd quarter worth $382,000. Zacks Investment Management grew its position in Latham Group by 69.2% during the third quarter. Zacks Investment Management now owns 25,523 shares of the company’s stock valued at $174,000 after acquiring an additional 10,436 shares during the period. EP Wealth Advisors LLC acquired a new stake in Latham Group during the third quarter worth about $270,000. Voya Financial Advisors Inc. purchased a new position in shares of Latham Group in the 3rd quarter worth about $89,000. Finally, State Street Corp lifted its stake in shares of Latham Group by 5.4% in the 3rd quarter. State Street Corp now owns 789,974 shares of the company’s stock valued at $5,372,000 after purchasing an additional 40,764 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on SWIM shares. The Goldman Sachs Group increased their target price on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Stifel Nicolaus raised their target price on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Craig Hallum began coverage on shares of Latham Group in a research report on Monday, December 9th. They set a “buy” rating and a $10.00 price target for the company. Finally, Robert W. Baird raised their price objective on Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Two research 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’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $6.65.

Latham Group Price Performance

Shares of SWIM stock opened at $6.57 on Friday. Latham Group, Inc. has a twelve month low of $2.11 and a twelve month high of $8.41. The company has a market capitalization of $759.66 million, a PE ratio of 73.01 and a beta of 1.84. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. The firm has a fifty day simple moving average of $6.65 and a 200-day simple moving average of $5.64.

Insider Activity

In other Latham Group news, CFO Oliver C. Gloe sold 10,216 shares of the firm’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $6.44, for a total transaction of $65,791.04. Following the completion of the sale, the chief financial officer now owns 282,706 shares in the company, valued at $1,820,626.64. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Sanjeev Bahl sold 11,750 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $5.90, for a total value of $69,325.00. Following the transaction, the chief operating officer now owns 262,811 shares of the company’s stock, valued at approximately $1,550,584.90. This trade represents a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 44,157 shares of company stock worth $320,189 over the last ninety days. Corporate insiders own 8.60% of the company’s stock.

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.