Latham Group, Inc. (NASDAQ:SWIM) Position Boosted by Rhumbline Advisers

Rhumbline Advisers increased its holdings in Latham Group, Inc. (NASDAQ:SWIM) by 4.8% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,502 shares of the company’s stock after buying an additional 2,942 shares during the quarter. Rhumbline Advisers owned about 0.06% of Latham Group worth $449,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Geode Capital Management LLC grew its holdings in Latham Group by 2.1% in the 3rd quarter. Geode Capital Management LLC now owns 971,731 shares of the company’s stock worth $6,609,000 after buying an additional 20,209 shares in the last quarter. State Street Corp grew its holdings in Latham Group by 5.4% in the 3rd quarter. State Street Corp now owns 789,974 shares of the company’s stock worth $5,372,000 after buying an additional 40,764 shares in the last quarter. Empowered Funds LLC grew its holdings in Latham Group by 5.1% in the 4th quarter. Empowered Funds LLC now owns 377,291 shares of the company’s stock worth $2,626,000 after buying an additional 18,364 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Latham Group by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,206 shares of the company’s stock worth $2,266,000 after buying an additional 7,502 shares in the last quarter. Finally, Los Angeles Capital Management LLC lifted its position in Latham Group by 32.1% in the third quarter. Los Angeles Capital Management LLC now owns 200,177 shares of the company’s stock worth $1,361,000 after purchasing an additional 48,630 shares during the period. 83.95% of the stock is owned by institutional investors.

Latham Group Trading Down 2.7 %

Latham Group stock opened at $7.33 on Friday. 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 company has a market capitalization of $847.53 million, a price-to-earnings ratio of 81.45 and a beta of 1.84. Latham Group, Inc. has a one year low of $2.38 and a one year high of $8.41. The company’s fifty day moving average price is $6.72 and its two-hundred day moving average price is $6.60.

Insiders Place Their Bets

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.34, for a total transaction of $185,072.94. Following the completion of the sale, the chief executive officer now directly owns 480,829 shares in the company, valued at $4,010,113.86. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on SWIM shares. Craig Hallum started coverage on Latham Group in a research report on Monday, December 9th. They issued a “buy” rating and a $10.00 target price for the company. Stifel Nicolaus increased their price objective on Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.65.

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.