Ameriprise Financial Inc. Sells 445,390 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Ameriprise Financial Inc. cut its position in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 22.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,572,565 shares of the company's stock after selling 445,390 shares during the period. Ameriprise Financial Inc. owned 1.36% of Latham Group worth $10,945,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. LPL Financial LLC increased its stake in shares of Latham Group by 12.0% in the fourth quarter. LPL Financial LLC now owns 15,954 shares of the company's stock valued at $111,000 after buying an additional 1,713 shares in the last quarter. Olympiad Research LP increased its position in Latham Group by 8.0% in the 4th quarter. Olympiad Research LP now owns 25,418 shares of the company's stock valued at $177,000 after acquiring an additional 1,889 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake 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 last quarter. Rhumbline Advisers lifted its position in shares of Latham Group by 4.8% during the fourth quarter. Rhumbline Advisers now owns 64,502 shares of the company's stock worth $449,000 after purchasing an additional 2,942 shares in the last quarter. Finally, SG Americas Securities LLC lifted its position in shares of Latham Group by 20.3% during the fourth quarter. SG Americas Securities LLC now owns 18,573 shares of the company's stock worth $129,000 after purchasing an additional 3,133 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Trading Up 0.2%

Shares of NASDAQ:SWIM traded up $0.01 during trading on Friday, hitting $5.84. 314,598 shares of the company's stock were exchanged, compared to its average volume of 620,486. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. The firm has a market cap of $679.59 million, a P/E ratio of 64.90 and a beta of 1.72. The firm has a 50-day moving average price of $5.84 and a two-hundred day moving average price of $6.42. Latham Group, Inc. has a 1-year low of $2.54 and a 1-year high of $8.41.

Analyst Ratings Changes

A number of analysts recently weighed in on SWIM shares. Robert W. Baird set a $8.50 price target on shares of Latham Group in a report on Wednesday, March 5th. The Goldman Sachs Group increased their price objective on Latham Group from $4.00 to $4.50 and gave the company a "sell" rating in a research report on Thursday, May 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and an average target price of $7.56.

Insider Buying and Selling at Latham Group

In other news, Director James E. Cline sold 45,583 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of $5.95, for a total value of $271,218.85. Following the transaction, the director now owns 193,668 shares of the company's stock, valued at $1,152,324.60. This represents a 19.05% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of Latham Group stock in a transaction on Friday, March 14th. The stock was sold at an average price of $6.54, for a total value of $688,335.00. Following 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. Over the last ninety days, insiders have sold 155,250 shares of company stock valued at $988,044. 8.60% of the stock is currently owned by insiders.

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.