Latham Group, Inc. (NASDAQ:SWIM) Shares Purchased by BloombergSen Inc.

BloombergSen Inc. grew its position in Latham Group, Inc. (NASDAQ:SWIM) by 49.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 119,523 shares of the company’s stock after buying an additional 39,778 shares during the quarter. Latham Group accounts for approximately 0.1% of BloombergSen Inc.’s holdings, making the stock its 27th biggest holding. BloombergSen Inc.’s holdings in Latham Group were worth $832,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SWIM. Pamplona Capital Management LLC acquired a new position in shares of Latham Group in the fourth quarter valued at approximately $360,846,000. Wynnchurch Capital Partners IV L.P. purchased a new position in shares of Latham Group during the 4th quarter worth $104,287,000. Commonwealth Equity Services LLC acquired a new stake in shares of Latham Group during the fourth quarter worth $1,431,000. American Century Companies Inc. grew its position in shares of Latham Group by 30.1% in the fourth quarter. American Century Companies Inc. now owns 778,239 shares of the company’s stock valued at $5,417,000 after purchasing an additional 179,866 shares during the period. Finally, Principal Financial Group Inc. acquired a new position in Latham Group in the third quarter valued at $697,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analysts Set New Price Targets

SWIM has been the subject of several recent analyst reports. Robert W. Baird set a $8.50 price target on Latham Group in a report on Wednesday, March 5th. Stifel Nicolaus raised 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. Finally, Craig Hallum began coverage on shares of Latham Group in a research report on Monday, December 9th. They set a “buy” rating and a $10.00 price target for the company. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $7.66.

Insider Activity 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 on Friday, March 14th. The shares were sold at an average price of $6.54, for a total transaction of $688,335.00. Following the transaction, the insider now owns 332,818 shares in the company, valued at approximately $2,176,629.72. The trade was a 24.03 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.60% of the stock is currently owned by insiders.

Latham Group Stock Performance

Latham Group stock opened at $5.95 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. Latham Group, Inc. has a 12 month low of $2.38 and a 12 month high of $8.41. The company has a market cap of $688.87 million, a price-to-earnings ratio of 66.12 and a beta of 1.84. The stock’s 50-day moving average is $6.74 and its 200-day moving average is $6.69.

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.