Bank of America Corp DE Has $1.83 Million Stake in Latham Group, Inc. (NASDAQ:SWIM)

Bank of America Corp DE grew its position in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 68.8% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 262,547 shares of the company's stock after purchasing an additional 107,012 shares during the quarter. Bank of America Corp DE owned 0.23% of Latham Group worth $1,827,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. Pamplona Capital Management LLC bought a new stake in shares of Latham Group during the 4th quarter worth $360,846,000. Wynnchurch Capital Partners IV L.P. bought a new stake in shares of Latham Group during the 4th quarter worth $104,287,000. Wasatch Advisors LP bought a new stake in shares of Latham Group during the 4th quarter worth $17,408,000. Voss Capital LP boosted its stake in shares of Latham Group by 29.1% during the 4th quarter. Voss Capital LP now owns 5,164,178 shares of the company's stock worth $35,943,000 after acquiring an additional 1,163,329 shares in the last quarter. Finally, CenterBook Partners LP boosted its stake in shares of Latham Group by 240.8% during the 4th quarter. CenterBook Partners LP now owns 1,151,534 shares of the company's stock worth $8,015,000 after acquiring an additional 813,620 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Trading Down 4.3%

NASDAQ:SWIM traded down $0.26 during trading hours on Thursday, hitting $5.79. 443,543 shares of the stock were exchanged, compared to its average volume of 627,177. The company's 50 day moving average is $5.71 and its two-hundred day moving average is $6.41. Latham Group, Inc. has a twelve month low of $2.54 and a twelve month 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 company has a market capitalization of $673.77 million, a P/E ratio of 64.34 and a beta of 1.69.

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 that occurred on Monday, May 12th. The shares were sold at an average price of $6.45, for a total transaction of $28,489.65. Following the completion of the transaction, the director now directly owns 189,251 shares in the company, valued at $1,220,668.95. The trade was a 2.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the company's stock in a transaction on Friday, March 14th. The stock was sold at an average price of $6.54, for a total transaction of $688,335.00. Following the transaction, the insider now owns 332,818 shares of the company's stock, valued at $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 a total of 155,250 shares of company stock worth $988,044 in the last quarter. Corporate insiders own 8.60% of the company's stock.

Analyst Upgrades and Downgrades

SWIM has been the subject of several recent analyst reports. Robert W. Baird set a $8.50 target price on Latham Group in a research 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 stock a "sell" rating in a report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Latham Group 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.