Latham Group, Inc. $SWIM Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its stake in shares of Latham Group, Inc. (NASDAQ:SWIM) by 2.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 332,413 shares of the company’s stock after selling 8,190 shares during the period. Charles Schwab Investment Management Inc. owned approximately 0.29% of Latham Group worth $2,137,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Price T Rowe Associates Inc. MD raised its position in shares of Latham Group by 15.8% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,856 shares of the company’s stock worth $111,000 after acquiring an additional 2,168 shares during the period. EP Wealth Advisors LLC raised its holdings in Latham Group by 9.8% in the 4th quarter. EP Wealth Advisors LLC now owns 43,575 shares of the company’s stock worth $303,000 after purchasing an additional 3,883 shares during the period. Wells Fargo & Company MN grew its holdings in Latham Group by 26.2% in the fourth quarter. Wells Fargo & Company MN now owns 23,783 shares of the company’s stock valued at $166,000 after purchasing an additional 4,931 shares during the period. New York State Common Retirement Fund increased its position in shares of Latham Group by 51.4% in the first quarter. New York State Common Retirement Fund now owns 17,148 shares of the company’s stock valued at $110,000 after buying an additional 5,820 shares in the last quarter. Finally, BNP Paribas Financial Markets acquired a new position in shares of Latham Group during the 4th quarter worth approximately $42,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Latham Group Stock Down 0.5%

SWIM stock opened at $8.03 on Friday. The company has a current ratio of 2.39, a quick ratio of 1.51 and a debt-to-equity ratio of 0.70. The firm has a 50-day moving average of $7.06 and a two-hundred day moving average of $6.39. Latham Group, Inc. has a 12 month low of $4.56 and a 12 month high of $8.46. The company has a market cap of $935.82 million, a price-to-earnings ratio of -66.91 and a beta of 1.72.

Wall Street Analysts Forecast Growth

Separately, The Goldman Sachs Group increased their price objective 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. Three investment analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $7.95.

Insider Buying and Selling

In related news, Director Frank J. Dellaquila acquired 5,000 shares of the stock in a transaction on Friday, August 22nd. The shares were bought at an average price of $8.24 per share, with a total value of $41,200.00. Following the completion of the purchase, the director owned 21,814 shares of the company’s stock, valued at approximately $179,747.36. This represents a 29.74% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 8.60% of the company’s stock.

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.