UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Takes $117,000 Position in Latham Group, Inc. (NASDAQ:SWIM)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 16,741 shares of the company’s stock, valued at approximately $117,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Pamplona Capital Management LLC acquired a new position in shares of Latham Group during the fourth quarter valued at about $360,846,000. Wynnchurch Capital Partners IV L.P. bought a new stake in Latham Group in the 4th quarter valued at about $104,287,000. Wasatch Advisors LP acquired a new position in Latham Group during the 4th quarter worth approximately $17,408,000. Driehaus Capital Management LLC acquired a new position in Latham Group during the 4th quarter worth approximately $10,221,000. Finally, Voss Capital LP boosted its holdings in Latham Group by 29.1% in the fourth quarter. Voss Capital LP now owns 5,164,178 shares of the company’s stock worth $35,943,000 after acquiring an additional 1,163,329 shares in the last quarter. 83.95% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on SWIM shares. The Goldman Sachs Group boosted their price objective on 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 price target on shares of Latham Group in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $7.56.

Insider Transactions at Latham Group

In related news, Director James E. Cline sold 4,417 shares of Latham Group stock in a transaction that occurred 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 transaction, the director now owns 189,251 shares of the company’s stock, valued at $1,220,668.95. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 8.60% of the company’s stock.

Latham Group Price Performance

Shares of NASDAQ SWIM opened at $5.96 on Friday. The stock has a market cap of $693.55 million, a price-to-earnings ratio of 66.23 and a beta of 1.69. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. Latham Group, Inc. has a fifty-two week low of $2.54 and a fifty-two week high of $8.41. The firm’s 50-day simple moving average is $5.69 and its 200 day simple moving average is $6.40.

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.