Latham Group, Inc. (NASDAQ:SWIM) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its position in shares of Latham Group, Inc. (NASDAQ:SWIM) by 12.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,397 shares of the company’s stock after selling 5,394 shares during the period. Jane Street Group LLC’s holdings in Latham Group were worth $254,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in SWIM. Bank of New York Mellon Corp lifted its stake in Latham Group by 2.2% during the second quarter. Bank of New York Mellon Corp now owns 177,134 shares of the company’s stock worth $537,000 after purchasing an additional 3,837 shares in the last quarter. Los Angeles Capital Management LLC increased its position in shares of Latham Group by 27.2% during the second quarter. Los Angeles Capital Management LLC now owns 151,547 shares of the company’s stock worth $459,000 after acquiring an additional 32,410 shares during the period. American Century Companies Inc. increased its position in shares of Latham Group by 103.7% during the second quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock worth $1,269,000 after acquiring an additional 213,128 shares during the period. Dimensional Fund Advisors LP increased its position in shares of Latham Group by 21.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock worth $4,067,000 after acquiring an additional 234,930 shares during the period. Finally, Renaissance Technologies LLC increased its position in shares of Latham Group by 11.2% during the second quarter. Renaissance Technologies LLC now owns 690,856 shares of the company’s stock worth $2,093,000 after acquiring an additional 69,356 shares during the period. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Latham Group

In other Latham Group news, COO Sanjeev Bahl sold 11,750 shares of the firm’s stock in a transaction dated Monday, November 11th. The stock was sold at an average price of $5.90, for a total transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Scott Michael Rajeski sold 22,191 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total value of $185,072.94. Following the transaction, the chief executive officer now directly owns 480,829 shares in the company, valued at approximately $4,010,113.86. The trade was a 4.41 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,157 shares of company stock valued at $320,189 over the last quarter. 8.60% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. The Goldman Sachs Group upped their price objective on Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price objective on Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Craig Hallum assumed coverage on Latham Group in a research report on Monday, December 9th. They set a “buy” rating and a $10.00 price objective on the stock. Finally, Stifel Nicolaus upped their price objective on Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Latham Group has a consensus rating of “Hold” and a consensus target price of $6.65.

Latham Group Stock Performance

NASDAQ:SWIM opened at $6.38 on Friday. The firm has a market capitalization of $737.69 million, a PE ratio of 70.90 and a beta of 1.80. The business’s fifty day moving average price is $6.65 and its 200 day moving average price is $5.76. 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 12 month low of $2.11 and a 12 month high of $8.41.

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.