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

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Legal & General Group Plc lifted its stake in Latham Group by 740.9% during the fourth quarter. Legal & General Group Plc now owns 31,299 shares of the company's stock worth $218,000 after purchasing an additional 27,577 shares during the last quarter. Barclays PLC increased its holdings in shares of Latham Group by 27.0% during the fourth quarter. Barclays PLC now owns 69,477 shares of the company's stock worth $484,000 after buying an additional 14,757 shares in the last quarter. Pamplona Capital Management LLC acquired a new position in shares of Latham Group during the fourth quarter worth $360,846,000. Wells Fargo & Company MN increased its holdings in Latham Group by 26.2% in the fourth quarter. Wells Fargo & Company MN now owns 23,783 shares of the company's stock valued at $166,000 after purchasing an additional 4,931 shares during the period. Finally, Bank of America Corp DE increased its holdings in Latham Group by 68.8% in the fourth quarter. Bank of America Corp DE now owns 262,547 shares of the company's stock valued at $1,827,000 after purchasing an additional 107,012 shares during the period. 83.95% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, 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 report on Thursday, May 8th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company's stock. According to data from MarketBeat, Latham Group currently has a consensus rating of "Hold" and an average price target of $7.56.

Latham Group Trading Up 0.2%

SWIM traded up $0.01 during trading on Friday, reaching $6.45. 340,094 shares of the stock traded hands, compared to its average volume of 663,950. The company has a quick ratio of 1.50, a current ratio of 2.55 and a debt-to-equity ratio of 0.80. The stock has a market capitalization of $750.59 million, a PE ratio of -46.07 and a beta of 1.72. The stock's 50-day moving average is $6.19 and its 200 day moving average is $6.29. Latham Group, Inc. has a 12 month low of $2.91 and a 12 month high of $8.41.

Insider Buying and Selling

In other news, Director James E. Cline sold 4,417 shares of the firm's stock in a transaction dated Monday, May 12th. The stock was sold at an average price of $6.45, for a total value of $28,489.65. Following the completion of the sale, the director directly owned 189,251 shares in the company, valued at $1,220,668.95. This trade represents a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 8.60% of the company's stock.

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.