Latham Group, Inc. (NASDAQ:SWIM) Major Shareholder Wc Partners Executive Iv, L.P. Sells 105,250 Shares

Latham Group, Inc. (NASDAQ:SWIM) major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the business’s stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $6.54, for a total value of $688,335.00. Following the transaction, the insider now owns 332,818 shares of the company’s stock, valued at approximately $2,176,629.72. This represents a 24.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Latham Group Trading Down 1.8 %

Shares of SWIM stock opened at $6.60 on Wednesday. The stock has a 50-day simple moving average of $6.76 and a 200 day simple moving average of $6.65. The stock has a market capitalization of $764.13 million, a P/E ratio of 73.34 and a beta of 1.84. Latham Group, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $8.41. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67.

Analysts Set New Price Targets

Several analysts have weighed in on SWIM shares. Craig Hallum began coverage on Latham Group in a research note on Monday, December 9th. They set a “buy” rating and a $10.00 target price on the stock. Robert W. Baird set a $8.50 price objective on shares of Latham Group in a report on Wednesday, March 5th. Finally, 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. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $7.66.

Institutional Investors Weigh In On Latham Group

A number of institutional investors and hedge funds have recently bought and sold shares of the business. California State Teachers Retirement System raised its holdings in shares of Latham Group by 1,186.8% in the 4th quarter. California State Teachers Retirement System now owns 37,780 shares of the company’s stock worth $263,000 after purchasing an additional 34,844 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Latham Group in the fourth quarter worth approximately $521,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Latham Group in the fourth quarter valued at $117,000. State of Wyoming lifted its position in shares of Latham Group by 181.7% during the 4th quarter. State of Wyoming now owns 48,344 shares of the company’s stock valued at $336,000 after acquiring an additional 31,185 shares during the last quarter. Finally, Shay Capital LLC bought a new stake in shares of Latham Group during the 4th quarter worth $270,000. 83.95% of the stock is owned by institutional investors and hedge funds.

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.