Ameriprise Financial Inc. Decreases Holdings in Latham Group, Inc. (NASDAQ:SWIM)

Ameriprise Financial Inc. lowered its stake in Latham Group, Inc. (NASDAQ:SWIM) by 22.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,572,565 shares of the company’s stock after selling 445,390 shares during the period. Ameriprise Financial Inc. owned approximately 1.36% of Latham Group worth $10,945,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Wynnchurch Capital Partners IV L.P. bought a new stake in shares of Latham Group in the 4th quarter valued at approximately $104,287,000. ABS Direct Equity Fund LLC lifted its position in Latham Group by 33.3% in the fourth quarter. ABS Direct Equity Fund LLC now owns 200,000 shares of the company’s stock worth $1,392,000 after buying an additional 50,000 shares during the last quarter. Legal & General Group Plc boosted its stake in Latham Group by 740.9% during the fourth quarter. Legal & General Group Plc now owns 31,299 shares of the company’s stock worth $218,000 after buying an additional 27,577 shares during the period. Barclays PLC increased its position in Latham Group by 27.0% during the fourth quarter. Barclays PLC now owns 69,477 shares of the company’s stock valued at $484,000 after acquiring an additional 14,757 shares during the last quarter. Finally, Pamplona Capital Management LLC purchased a new stake in shares of Latham Group in the fourth quarter valued at $360,846,000. 83.95% of the stock is owned by institutional investors.

Latham Group Trading Up 1.6%

SWIM stock opened at $6.32 on Tuesday. The company has a market capitalization of $735.45 million, a PE ratio of 70.23 and a beta of 1.72. 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 $2.54 and a 12 month high of $8.41. The firm’s 50-day moving average is $5.91 and its 200 day moving average is $6.42.

Insider Activity at Latham Group

In other news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the firm’s stock in a transaction on Friday, March 14th. The stock was 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. This trade represents a 24.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director James E. Cline sold 45,583 shares of Latham Group stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $5.95, for a total value of $271,218.85. Following the completion of the sale, the director now owns 193,668 shares of the company’s stock, valued at $1,152,324.60. The trade was a 19.05% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 155,250 shares of company stock worth $988,044. Company insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on SWIM shares. The Goldman Sachs Group upped their price target on shares of Latham Group from $4.00 to $4.50 and gave the company a “sell” rating in a report on Thursday, May 8th. Robert W. Baird set a $8.50 target price on Latham Group in a research note on Wednesday, March 5th. 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $7.56.

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.