US Bancorp DE Lowers Position in Latham Group, Inc. $SWIM

US Bancorp DE reduced its stake in Latham Group, Inc. (NASDAQ:SWIM) by 47.9% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 6,101 shares of the company’s stock after selling 5,600 shares during the quarter. US Bancorp DE’s holdings in Latham Group were worth $39,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Dimensional Fund Advisors LP raised its position in Latham Group by 28.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,094,992 shares of the company’s stock valued at $14,580,000 after buying an additional 458,604 shares during the last quarter. Driehaus Capital Management LLC bought a new position in Latham Group in the 4th quarter valued at $10,221,000. Bridgeway Capital Management LLC grew its stake in Latham Group by 2.4% in the 4th quarter. Bridgeway Capital Management LLC now owns 779,591 shares of the company’s stock valued at $5,426,000 after purchasing an additional 18,364 shares during the period. Jacobs Levy Equity Management Inc. bought a new position in Latham Group in the 4th quarter valued at $5,180,000. Finally, 4D Advisors LLC bought a new position in Latham Group in the 4th quarter valued at $3,480,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Latham Group Stock Up 1.0%

SWIM stock opened at $7.78 on Wednesday. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.51 and a current ratio of 2.39. The company has a market capitalization of $906.68 million, a price-to-earnings ratio of -64.83 and a beta of 1.72. Latham Group, Inc. has a fifty-two week low of $4.56 and a fifty-two week high of $8.41. The stock has a fifty day moving average of $6.71 and a 200-day moving average of $6.33.

Wall Street Analysts Forecast Growth

Separately, 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 note on Thursday, May 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $7.95.

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.