California State Teachers Retirement System Boosts Holdings in Latham Group, Inc. (NASDAQ:SWIM)

California State Teachers Retirement System boosted its holdings in Latham Group, Inc. (NASDAQ:SWIM) by 1,186.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,780 shares of the company’s stock after purchasing an additional 34,844 shares during the quarter. California State Teachers Retirement System’s holdings in Latham Group were worth $263,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Pamplona Capital Management LLC bought a new stake in shares of Latham Group in the 4th quarter valued at approximately $360,846,000. Wynnchurch Capital Partners IV L.P. bought a new stake in Latham Group in the fourth quarter worth $104,287,000. Voss Capital LP boosted its stake in Latham Group by 29.1% during the fourth quarter. Voss Capital LP now owns 5,164,178 shares of the company’s stock worth $35,943,000 after buying an additional 1,163,329 shares during the period. Wasatch Advisors LP purchased a new position in Latham Group during the fourth quarter worth $17,408,000. Finally, Dimensional Fund Advisors LP increased its position in Latham Group by 28.0% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,094,992 shares of the company’s stock valued at $14,580,000 after acquiring an additional 458,604 shares during the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

SWIM has been the topic of several research analyst reports. The Goldman Sachs Group upped their price objective on Latham Group from $4.00 to $4.50 and gave the company a “sell” rating in a research report on Thursday, May 8th. Robert W. Baird set a $8.50 target price on shares of Latham Group in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Latham Group currently has an average rating of “Hold” and an average price target of $7.56.

Latham Group Stock Performance

NASDAQ:SWIM opened at $5.96 on Friday. 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 $693.55 million, a PE ratio of 66.23 and a beta of 1.69. Latham Group, Inc. has a fifty-two week low of $2.54 and a fifty-two week high of $8.41. The company has a fifty day moving average of $5.69 and a two-hundred day moving average of $6.40.

Insider Activity at Latham Group

In other Latham Group news, Director James E. Cline sold 4,417 shares of the firm’s stock in a transaction on Monday, May 12th. The stock was sold at an average price of $6.45, for a total transaction of $28,489.65. Following the completion of the sale, the director now owns 189,251 shares of the company’s stock, valued at $1,220,668.95. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is owned by corporate insiders.

Latham Group Company 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.