Latham Group, Inc. (NASDAQ:SWIM) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Latham Group, Inc. (NASDAQ:SWIM) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 340,603 shares of the company’s stock after buying an additional 7,397 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Latham Group were worth $2,371,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Wynnchurch Capital Partners IV L.P. acquired a new stake in Latham Group during the 4th quarter worth about $104,287,000. Principal Financial Group Inc. acquired a new stake in shares of Latham Group during the third quarter worth about $697,000. Barclays PLC boosted its position in Latham Group by 294.8% in the third quarter. Barclays PLC now owns 54,720 shares of the company’s stock valued at $372,000 after buying an additional 40,860 shares during the last quarter. ABS Direct Equity Fund LLC increased its holdings in Latham Group by 33.3% in the 4th quarter. ABS Direct Equity Fund LLC now owns 200,000 shares of the company’s stock worth $1,392,000 after buying an additional 50,000 shares during the period. Finally, Thrivent Financial for Lutherans purchased a new position in Latham Group during the 3rd quarter worth approximately $635,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently commented on SWIM shares. Stifel Nicolaus upped their price objective on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a report on Wednesday, December 11th. Robert W. Baird set a $8.50 price target on Latham Group in a research report on Wednesday, March 5th. 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 price objective for the company. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.66.

Latham Group Stock Performance

SWIM opened at $6.43 on Friday. The firm has a fifty day moving average price of $6.77 and a 200 day moving average price of $6.68. Latham Group, Inc. has a 1 year low of $2.38 and a 1 year high of $8.41. The stock has a market cap of $744.45 million, a P/E ratio of 71.45 and a beta of 1.84. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60.

Insider Buying and Selling at Latham Group

In other news, 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 completion of the sale, the insider now directly owns 332,818 shares in the company, valued at $2,176,629.72. The trade was a 24.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.60% of the stock is owned by corporate insiders.

Latham Group 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.