Natixis Advisors LLC Acquires 102,062 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Natixis Advisors LLC grew its holdings in Latham Group, Inc. (NASDAQ:SWIM) by 198.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 153,510 shares of the company’s stock after acquiring an additional 102,062 shares during the period. Natixis Advisors LLC’s holdings in Latham Group were worth $1,068,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. FMR LLC lifted its holdings in Latham Group by 75.9% during the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock valued at $49,000 after purchasing an additional 3,123 shares during the last quarter. Quarry LP acquired a new stake in shares of Latham Group during the 3rd quarter worth about $53,000. Quadrature Capital Ltd acquired a new position in Latham Group in the 3rd quarter valued at about $72,000. US Bancorp DE raised its holdings in Latham Group by 29,902.6% in the 4th quarter. US Bancorp DE now owns 11,701 shares of the company’s stock valued at $81,000 after acquiring an additional 11,662 shares during the period. Finally, Arizona State Retirement System acquired a new stake in Latham Group during the fourth quarter worth approximately $82,000. 83.95% of the stock is currently owned by institutional investors.

Insider Buying and Selling 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 stock was sold at an average price of $6.54, for a total value of $688,335.00. Following the transaction, 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.60% of the company’s stock.

Latham Group Stock Up 3.3 %

Shares of NASDAQ SWIM opened at $6.89 on Wednesday. Latham Group, Inc. has a 52 week low of $2.38 and a 52 week high of $8.41. The stock’s fifty day moving average is $6.77 and its 200 day moving average is $6.67. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The stock has a market capitalization of $797.70 million, a P/E ratio of 76.56 and a beta of 1.84.

Analysts Set New Price Targets

SWIM has been the topic of a number of recent research reports. Robert W. Baird set a $8.50 target price on Latham Group in a research note on Wednesday, March 5th. Craig Hallum assumed coverage on Latham Group in a report on Monday, December 9th. They set a “buy” rating and a $10.00 target price for the company. Finally, Stifel Nicolaus upped their price target on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research note on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Latham Group presently has a consensus rating of “Hold” and a consensus target price of $7.66.

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.