US Bancorp DE Acquires 11,662 Shares of Latham Group, Inc. (NASDAQ:SWIM)

US Bancorp DE raised its holdings in shares of Latham Group, Inc. (NASDAQ:SWIM) by 29,902.6% during the fourth quarter, HoldingsChannel reports. The fund owned 11,701 shares of the company’s stock after purchasing an additional 11,662 shares during the quarter. US Bancorp DE’s holdings in Latham Group were worth $81,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in SWIM. Wynnchurch Capital Partners IV L.P. purchased a new position in shares of Latham Group in the fourth quarter valued at $104,287,000. Principal Financial Group Inc. purchased a new position in Latham Group during the 3rd quarter valued at about $697,000. Thrivent Financial for Lutherans purchased a new position in Latham Group during the 3rd quarter valued at about $635,000. Empowered Funds LLC increased its position in shares of Latham Group by 22.8% during the third quarter. Empowered Funds LLC now owns 358,927 shares of the company’s stock valued at $2,441,000 after buying an additional 66,647 shares during the period. Finally, Franklin Resources Inc. purchased a new stake in shares of Latham Group in the third quarter worth about $438,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analyst Upgrades and Downgrades

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

Latham Group Trading Down 7.8 %

NASDAQ SWIM opened at $6.72 on Tuesday. The stock’s 50-day simple moving average is $6.76 and its two-hundred day simple moving average is $6.65. Latham Group, Inc. has a twelve month low of $2.38 and a twelve month high of $8.41. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $778.02 million, a price-to-earnings ratio of 74.67 and a beta of 1.84.

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.