Goldman Sachs Group Inc. Reduces Stock Position in Latham Group, Inc. $SWIM

Goldman Sachs Group Inc. cut its holdings in Latham Group, Inc. (NASDAQ:SWIM) by 44.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 186,395 shares of the company’s stock after selling 147,548 shares during the period. Goldman Sachs Group Inc. owned 0.16% of Latham Group worth $1,199,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. BNP Paribas Financial Markets purchased a new position in shares of Latham Group during the fourth quarter worth about $42,000. GAMMA Investing LLC raised its stake in shares of Latham Group by 2,565.5% in the 1st quarter. GAMMA Investing LLC now owns 6,957 shares of the company’s stock valued at $45,000 after purchasing an additional 6,696 shares in the last quarter. ProShare Advisors LLC bought a new stake in shares of Latham Group during the 4th quarter valued at about $79,000. New York State Common Retirement Fund grew its position in Latham Group by 51.4% in the 1st quarter. New York State Common Retirement Fund now owns 17,148 shares of the company’s stock worth $110,000 after purchasing an additional 5,820 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Latham Group during the fourth quarter valued at approximately $117,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insider Buying and Selling

In other news, Director Frank J. Dellaquila bought 5,000 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The shares were purchased at an average price of $8.24 per share, for a total transaction of $41,200.00. Following the acquisition, the director directly owned 21,814 shares of the company’s stock, valued at $179,747.36. The trade was a 29.74% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 6.85% of the stock is owned by company insiders.

Latham Group Stock Down 2.0%

Shares of NASDAQ:SWIM opened at $7.68 on Monday. The firm has a 50 day simple moving average of $7.44 and a 200 day simple moving average of $6.55. Latham Group, Inc. has a 52 week low of $4.56 and a 52 week high of $8.46. The company has a market cap of $895.03 million, a PE ratio of -63.99 and a beta of 1.74. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.51 and a current ratio of 2.39.

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.