Pamplona Capital Management LLC Acquires Shares of 51,845,685 Latham Group, Inc. (NASDAQ:SWIM)

Pamplona Capital Management LLC bought a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 51,845,685 shares of the company’s stock, valued at approximately $360,846,000. Latham Group makes up approximately 51.3% of Pamplona Capital Management LLC’s investment portfolio, making the stock its largest position. Pamplona Capital Management LLC owned about 44.84% of Latham Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC raised its position in shares of Latham Group by 12.0% in the fourth quarter. LPL Financial LLC now owns 15,954 shares of the company’s stock valued at $111,000 after buying an additional 1,713 shares during the last quarter. Olympiad Research LP raised its holdings in Latham Group by 8.0% in the 4th quarter. Olympiad Research LP now owns 25,418 shares of the company’s stock valued at $177,000 after acquiring an additional 1,889 shares during the last quarter. Rhumbline Advisers lifted its stake in Latham Group by 4.8% in the 4th quarter. Rhumbline Advisers now owns 64,502 shares of the company’s stock worth $449,000 after purchasing an additional 2,942 shares in the last quarter. FMR LLC boosted its holdings in shares of Latham Group by 75.9% during the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after purchasing an additional 3,123 shares during the last quarter. Finally, SG Americas Securities LLC grew its position in shares of Latham Group by 20.3% in the fourth quarter. SG Americas Securities LLC now owns 18,573 shares of the company’s stock valued at $129,000 after purchasing an additional 3,133 shares in the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Insider Buying and Selling at Latham Group

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of Latham Group stock in a transaction that occurred on Friday, March 14th. The shares were 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 owns 332,818 shares in the company, valued at approximately $2,176,629.72. This trade represents a 24.03 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 8.60% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently commented on SWIM shares. Craig Hallum began coverage on Latham Group in a research report on Monday, December 9th. They set a “buy” rating and a $10.00 price objective on the stock. Robert W. Baird set a $8.50 price target on shares of Latham Group in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus lifted their target price on shares of Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $7.66.

Latham Group Stock Performance

Shares of Latham Group stock opened at $6.43 on Friday. The firm has a market cap of $744.45 million, a PE ratio of 71.45 and a beta of 1.84. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a 52 week low of $2.38 and a 52 week high of $8.41. The business’s fifty day simple moving average is $6.77 and its 200-day simple moving average is $6.68.

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.