IFP Advisors Inc Has $954,000 Position in Latham Group, Inc. (NASDAQ:SWIM)

IFP Advisors Inc grew its stake in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 2,471,716.7% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 148,309 shares of the company's stock after buying an additional 148,303 shares during the period. IFP Advisors Inc owned approximately 0.13% of Latham Group worth $954,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in the stock. Emerald Advisers LLC raised its position in shares of Latham Group by 718.1% during the first quarter. Emerald Advisers LLC now owns 293,755 shares of the company's stock valued at $1,889,000 after buying an additional 257,846 shares during the last quarter. New York State Common Retirement Fund increased its stake in Latham Group by 51.4% in the first quarter. New York State Common Retirement Fund now owns 17,148 shares of the company's stock valued at $110,000 after acquiring an additional 5,820 shares during the period. Calamos Advisors LLC increased its stake in Latham Group by 31.2% in the first quarter. Calamos Advisors LLC now owns 79,433 shares of the company's stock valued at $511,000 after acquiring an additional 18,905 shares during the period. GAMMA Investing LLC increased its stake in Latham Group by 2,565.5% in the first quarter. GAMMA Investing LLC now owns 6,957 shares of the company's stock valued at $45,000 after acquiring an additional 6,696 shares during the period. Finally, California State Teachers Retirement System increased its stake in Latham Group by 1,186.8% in the fourth quarter. California State Teachers Retirement System now owns 37,780 shares of the company's stock valued at $263,000 after acquiring an additional 34,844 shares during the period. Institutional investors and hedge funds own 83.95% of the company's stock.

Insiders Place Their Bets

In other Latham Group news, Director James E. Cline sold 4,417 shares of the company'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 approximately $1,220,668.95. This represents a 2.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.60% of the company's stock.

Latham Group Price Performance

Latham Group stock traded down $0.04 during trading hours on Friday, hitting $6.88. 253,444 shares of the stock were exchanged, compared to its average volume of 562,606. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.50 and a current ratio of 2.55. The stock has a market capitalization of $800.63 million, a P/E ratio of -49.14 and a beta of 1.72. Latham Group, Inc. has a 12 month low of $3.08 and a 12 month high of $8.41. The business's 50-day moving average is $6.25 and its two-hundred day moving average is $6.29.

Analyst Ratings Changes

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

About Latham Group

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.