D. E. Shaw & Co. Inc. Has $6.48 Million Holdings in Latham Group, Inc. (NASDAQ:SWIM)

D. E. Shaw & Co. Inc. decreased its holdings in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 24.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 930,469 shares of the company's stock after selling 300,512 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.80% of Latham Group worth $6,476,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in SWIM. Summit Securities Group LLC acquired a new stake in shares of Latham Group during the fourth quarter worth approximately $33,000. BNP Paribas Financial Markets acquired a new stake in shares of Latham Group during the fourth quarter worth approximately $42,000. US Bancorp DE raised its position in Latham Group by 29,902.6% during the fourth quarter. US Bancorp DE now owns 11,701 shares of the company's stock valued at $81,000 after acquiring an additional 11,662 shares in the last quarter. Arizona State Retirement System bought a new position in Latham Group during the fourth quarter valued at approximately $82,000. Finally, EntryPoint Capital LLC bought a new position in Latham Group during the fourth quarter valued at approximately $109,000. Institutional investors own 83.95% of the company's stock.

Insider Activity at Latham Group

In other Latham Group news, Director James E. Cline sold 4,417 shares of the business's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $6.45, for a total transaction of $28,489.65. Following the completion of the sale, the director now directly owns 189,251 shares of the company's stock, valued at approximately $1,220,668.95. The trade was a 2.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $6.54, for a total value of $688,335.00. Following the completion of the sale, the insider now directly owns 332,818 shares of the company's stock, valued at approximately $2,176,629.72. This trade represents a 24.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,250 shares of company stock valued at $988,044 over the last ninety days. 8.60% of the stock is owned by insiders.

Latham Group Stock Performance

SWIM traded up $0.10 during trading on Monday, reaching $6.32. 448,474 shares of the company's stock were exchanged, compared to its average volume of 614,918. Latham Group, Inc. has a fifty-two week low of $2.54 and a fifty-two week high of $8.41. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average price of $5.93 and a 200 day moving average price of $6.43. The company has a market capitalization of $735.45 million, a P/E ratio of 70.23 and a beta of 1.72.

Analyst Upgrades and Downgrades

SWIM has been the topic of several recent research reports. The Goldman Sachs Group raised their price objective on shares of Latham Group from $4.00 to $4.50 and gave the company a "sell" rating in a research 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 assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $7.56.

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.