15,599 Shares in Latham Group, Inc. (NASDAQ:SWIM) Acquired by EntryPoint Capital LLC

EntryPoint Capital LLC acquired a new stake in Latham Group, Inc. (NASDAQ:SWIM) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 15,599 shares of the company’s stock, valued at approximately $109,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Wynnchurch Capital Partners IV L.P. acquired a new position in Latham Group during the 4th quarter worth about $104,287,000. Geode Capital Management LLC lifted its position in shares of Latham Group by 2.1% during the third quarter. Geode Capital Management LLC now owns 971,731 shares of the company’s stock worth $6,609,000 after purchasing an additional 20,209 shares in the last quarter. State Street Corp grew its stake in shares of Latham Group by 5.4% during the third quarter. State Street Corp now owns 789,974 shares of the company’s stock valued at $5,372,000 after purchasing an additional 40,764 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Latham Group by 30.1% in the fourth quarter. American Century Companies Inc. now owns 778,239 shares of the company’s stock valued at $5,417,000 after purchasing an additional 179,866 shares in the last quarter. Finally, Empowered Funds LLC raised its position 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 purchasing an additional 18,364 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Analysts Set New Price Targets

SWIM has been the subject of several research reports. Craig Hallum started coverage on Latham Group in a research note on Monday, December 9th. They issued a “buy” rating and a $10.00 target price for the company. Robert W. Baird set a $8.50 price objective on Latham Group in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus upped their target price on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research report on Wednesday, December 11th. One research analyst has 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. According to data from MarketBeat, Latham Group currently has an average rating of “Hold” and an average price target of $7.66.

Insider Transactions at Latham Group

In other news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of Latham Group stock in a transaction on Friday, March 14th. The shares were sold at an average price of $6.54, for a total transaction of $688,335.00. Following the transaction, the insider now directly owns 332,818 shares of the company’s stock, valued at $2,176,629.72. This trade represents a 24.03 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 8.60% of the company’s stock.

Latham Group Trading Down 8.0 %

NASDAQ SWIM opened at $6.43 on Monday. Latham Group, Inc. has a 12 month low of $2.38 and a 12 month high of $8.41. The stock has a 50-day simple moving average of $6.77 and a 200 day simple moving average of $6.69. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $744.45 million, a PE ratio of 71.45 and a beta of 1.84.

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.