CenterBook Partners LP Purchases 113,676 Shares of Latham Group, Inc. (NASDAQ:SWIM)

CenterBook Partners LP grew its stake in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 9.9% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,265,210 shares of the company's stock after acquiring an additional 113,676 shares during the quarter. CenterBook Partners LP owned 1.09% of Latham Group worth $8,135,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of SWIM. US Bancorp DE increased its stake in Latham Group by 29,902.6% in the fourth quarter. US Bancorp DE now owns 11,701 shares of the company's stock valued at $81,000 after purchasing an additional 11,662 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Latham Group by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 340,603 shares of the company's stock worth $2,371,000 after acquiring an additional 7,397 shares in the last quarter. Arizona State Retirement System acquired a new position in Latham Group in the fourth quarter valued at about $82,000. Swiss National Bank bought a new stake in shares of Latham Group in the fourth quarter worth about $553,000. Finally, Commonwealth Equity Services LLC acquired a new position in shares of Latham Group in the 4th quarter valued at approximately $1,431,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 shares were sold at an average price of $6.45, for a total transaction of $28,489.65. Following the sale, the director directly owned 189,251 shares of the company's stock, valued at $1,220,668.95. The trade was a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. 8.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, The Goldman Sachs Group upped their price target on shares of Latham Group from $4.00 to $4.50 and gave the company a "sell" rating in a report on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $7.56.

Latham Group Stock Up 0.8%

Latham Group stock traded up $0.05 during midday trading on Wednesday, reaching $6.20. The stock had a trading volume of 475,722 shares, compared to its average volume of 664,869. The stock has a market capitalization of $721.49 million, a P/E ratio of -44.28 and a beta of 1.72. The firm's fifty day simple moving average is $6.18 and its 200-day simple moving average is $6.29. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.50 and a current ratio of 2.55. Latham Group, Inc. has a 1-year low of $2.91 and a 1-year high of $8.41.

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.