Latham Group, Inc. (NASDAQ:SWIM) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC reduced its position in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 66.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 96,961 shares of the company's stock after selling 194,437 shares during the period. Nuveen Asset Management LLC owned 0.08% of Latham Group worth $675,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Summit Securities Group LLC bought a new position in shares of Latham Group in the 4th quarter worth approximately $33,000. BNP Paribas Financial Markets purchased a new stake in shares of Latham Group during the fourth quarter valued at approximately $42,000. US Bancorp DE raised its stake in shares of Latham Group by 29,902.6% in the fourth quarter. US Bancorp DE now owns 11,701 shares of the company's stock worth $81,000 after purchasing an additional 11,662 shares during the last quarter. Arizona State Retirement System purchased a new position in Latham Group in the 4th quarter worth about $82,000. Finally, EntryPoint Capital LLC bought a new position in Latham Group during the fourth quarter valued at approximately $109,000. 83.95% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

SWIM has been the subject of a number of recent research reports. Robert W. Baird set a $8.50 price target on Latham Group in a research note on Wednesday, March 5th. The Goldman Sachs Group lifted their target price on Latham Group from $4.00 to $4.50 and gave the company a "sell" rating in a research note on Thursday, May 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $7.56.

Insiders Place Their Bets

In other news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $6.54, for a total value of $688,335.00. Following the transaction, the insider now directly owns 332,818 shares of the company's stock, valued at approximately $2,176,629.72. This represents a 24.03% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James E. Cline sold 4,417 shares of the stock in a transaction that occurred on Monday, May 12th. The stock was 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 owns 189,251 shares in the company, valued at approximately $1,220,668.95. This trade represents a 2.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 155,250 shares of company stock worth $988,044 over the last 90 days. Company insiders own 8.60% of the company's stock.

Latham Group Stock Up 1.2%

Shares of SWIM stock traded up $0.07 on Monday, hitting $5.94. The stock had a trading volume of 303,994 shares, compared to its average volume of 630,582. 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 business has a 50 day moving average price of $5.68 and a 200 day moving average price of $6.42. Latham Group, Inc. has a one year low of $2.54 and a one year high of $8.41. The company has a market cap of $691.23 million, a PE ratio of 66.01 and a beta of 1.69.

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.