Barclays PLC Buys 40,860 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Barclays PLC increased its stake in Latham Group, Inc. (NASDAQ:SWIM) by 294.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 54,720 shares of the company’s stock after buying an additional 40,860 shares during the quarter. Barclays PLC’s holdings in Latham Group were worth $372,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Roubaix Capital LLC lifted its stake in Latham Group by 70.9% in the third quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock valued at $5,178,000 after acquiring an additional 315,889 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in 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 purchasing an additional 234,930 shares during the period. American Century Companies Inc. increased its position in 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 buying an additional 213,128 shares during the last quarter. Principal Financial Group Inc. bought a new stake in Latham Group in the third quarter valued at approximately $697,000. Finally, Thrivent Financial for Lutherans acquired a new stake in shares of Latham Group in the third quarter valued at approximately $635,000. 83.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SWIM has been the topic of a number of research analyst reports. The Goldman Sachs Group increased their price target on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Robert W. Baird upped their price target on shares of Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Stifel Nicolaus raised their price objective on shares of Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research report on Wednesday, December 11th. Finally, Craig Hallum started 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. Two 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 company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.65.

Latham Group Price Performance

Latham Group stock opened at $6.74 on Friday. The firm has a market cap of $779.31 million, a PE ratio of 74.90, a price-to-earnings-growth ratio of 360.45 and a beta of 1.80. 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 stock’s fifty day moving average price is $6.69 and its two-hundred day moving average price is $5.89. Latham Group, Inc. has a one year low of $2.11 and a one year high of $8.41.

Insider Buying and Selling

In related news, CEO Scott Michael Rajeski sold 22,191 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Oliver C. Gloe sold 10,216 shares of the business’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $6.44, for a total value of $65,791.04. Following the transaction, the chief financial officer now directly owns 282,706 shares of the company’s stock, valued at approximately $1,820,626.64. The trade was a 3.49 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 44,157 shares of company stock worth $320,189. Company 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.