Latham Group, Inc. (NASDAQ:SWIM) Stock Position Raised by Empowered Funds LLC

Empowered Funds LLC boosted its stake in Latham Group, Inc. (NASDAQ:SWIM) by 5.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 377,291 shares of the company’s stock after buying an additional 18,364 shares during the quarter. Empowered Funds LLC owned approximately 0.33% of Latham Group worth $2,626,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Geode Capital Management LLC raised its holdings in shares of Latham Group by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 971,731 shares of the company’s stock valued at $6,609,000 after purchasing an additional 20,209 shares in the last quarter. State Street Corp grew its stake in Latham Group by 5.4% in the 3rd quarter. State Street Corp now owns 789,974 shares of the company’s stock valued at $5,372,000 after buying an additional 40,764 shares during the last quarter. Roubaix Capital LLC grew its stake in Latham Group by 70.9% in the 3rd quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock valued at $5,178,000 after buying an additional 315,889 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in Latham Group by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,206 shares of the company’s stock valued at $2,266,000 after buying an additional 7,502 shares during the last quarter. Finally, Los Angeles Capital Management LLC grew its stake in Latham Group by 32.1% in the 3rd quarter. Los Angeles Capital Management LLC now owns 200,177 shares of the company’s stock valued at $1,361,000 after buying an additional 48,630 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently issued reports on SWIM. Craig Hallum assumed coverage on shares of Latham Group in a research note on Monday, December 9th. They issued a “buy” rating and a $10.00 target price on the stock. Stifel Nicolaus raised their price target 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. Robert W. Baird raised their price target on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their price target on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Latham Group presently has an average rating of “Hold” and a consensus target price of $6.65.

Insider Activity at Latham Group

In related news, CEO Scott Michael Rajeski sold 22,191 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.34, for a total value of $185,072.94. Following the sale, the chief executive officer now owns 480,829 shares of the company’s stock, valued at $4,010,113.86. The trade was a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 8.60% of the stock is currently owned by insiders.

Latham Group Price Performance

Shares of Latham Group stock opened at $6.52 on Friday. The firm has a market cap of $753.84 million, a P/E ratio of 72.45 and a beta of 1.81. The firm’s 50-day simple moving average is $6.98 and its 200-day simple moving average is $6.39. Latham Group, Inc. has a twelve month low of $2.38 and a twelve month high of $8.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44.

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.