Thrivent Financial for Lutherans Acquires 15,504 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Thrivent Financial for Lutherans raised its stake in Latham Group, Inc. (NASDAQ:SWIM) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 108,877 shares of the company’s stock after acquiring an additional 15,504 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Latham Group were worth $758,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. FMR LLC increased its position in 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 in the last quarter. Quarry LP bought a new stake in shares of Latham Group during the third quarter worth $53,000. Quadrature Capital Ltd acquired a new position in shares of Latham Group during the third quarter worth $72,000. US Bancorp DE lifted its stake in shares of 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 last quarter. Finally, Arizona State Retirement System acquired a new stake in shares of Latham Group during the 4th quarter valued at $82,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Craig Hallum initiated coverage on Latham Group in a report 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 note 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 report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Latham Group currently has a consensus rating of “Hold” and an average price target of $7.66.

Latham Group Stock Up 0.7 %

Shares of SWIM opened at $6.72 on Thursday. The stock’s 50-day moving average price is $6.76 and its two-hundred day moving average price is $6.70. Latham Group, Inc. has a 12 month low of $2.38 and a 12 month high of $8.41. The company has a market capitalization of $778.02 million, a PE ratio of 74.67 and a beta of 1.84. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67.

Insider Transactions at Latham Group

In other news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 332,818 shares of the company’s stock, valued at approximately $2,176,629.72. This represents a 24.03 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.60% of the stock is owned by corporate insiders.

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.