43,841 Shares in Latham Group, Inc. $SWIM Acquired by Atria Investments Inc

Atria Investments Inc purchased a new stake in Latham Group, Inc. (NASDAQ:SWIM) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 43,841 shares of the company’s stock, valued at approximately $280,000.

Several other institutional investors also recently made changes to their positions in SWIM. New York State Common Retirement Fund raised its position in shares of 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 buying an additional 5,820 shares during the period. Deutsche Bank AG increased its stake in Latham Group by 13.7% during the first quarter. Deutsche Bank AG now owns 24,220 shares of the company’s stock worth $156,000 after acquiring an additional 2,914 shares during the last quarter. Y Intercept Hong Kong Ltd increased its stake in Latham Group by 46.4% during the first quarter. Y Intercept Hong Kong Ltd now owns 24,893 shares of the company’s stock worth $160,000 after acquiring an additional 7,888 shares during the last quarter. Jane Street Group LLC increased its stake in Latham Group by 27.1% during the first quarter. Jane Street Group LLC now owns 24,894 shares of the company’s stock worth $160,000 after acquiring an additional 5,315 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Latham Group in the 1st quarter worth about $623,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Latham Group Stock Performance

Shares of SWIM stock opened at $6.82 on Thursday. Latham Group, Inc. has a 12 month low of $4.56 and a 12 month high of $8.46. The company has a debt-to-equity ratio of 0.68, a current ratio of 2.43 and a quick ratio of 1.72. The firm has a market capitalization of $795.62 million, a P/E ratio of -68.19 and a beta of 1.71. The company’s fifty day moving average price is $7.51 and its two-hundred day moving average price is $6.91.

Insider Activity

In other Latham Group news, Director Frank J. Dellaquila purchased 5,000 shares of the business’s stock in a transaction that occurred on Friday, August 22nd. The shares were acquired at an average price of $8.24 per share, for a total transaction of $41,200.00. Following the completion of the purchase, the director owned 21,814 shares in the company, valued at $179,747.36. The trade was a 29.74% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on SWIM shares. Weiss Ratings reiterated a “sell (d+)” rating on shares of Latham Group in a report on Wednesday, October 8th. Barclays boosted their price objective on shares of Latham Group from $7.00 to $8.00 and gave the stock an “equal weight” rating in a research note on Wednesday, November 5th. Finally, Stifel Nicolaus set a $8.75 target price on shares of Latham Group in a research note on Wednesday, November 5th. Two analysts have rated the stock with a Buy rating, one has given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price 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.