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

Nuveen Asset Management LLC trimmed its holdings in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 66.7% in the 4th quarter, according to the company in its most recent 13F filing 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 approximately 0.08% of Latham Group worth $675,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Summit Securities Group LLC acquired a new stake in shares of Latham Group in the fourth quarter worth $33,000. BNP Paribas Financial Markets acquired a new stake in Latham Group during the 4th quarter worth about $42,000. US Bancorp DE grew its position in Latham Group by 29,902.6% during the 4th 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 period. Arizona State Retirement System purchased a new position in shares of Latham Group during the 4th quarter valued at about $82,000. Finally, EntryPoint Capital LLC acquired a new position in shares of Latham Group in the 4th quarter valued at about $109,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Price Performance

NASDAQ:SWIM opened at $5.79 on Friday. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a 52 week low of $2.54 and a 52 week high of $8.41. The stock's 50-day moving average price is $5.70 and its 200-day moving average price is $6.42. The stock has a market capitalization of $673.77 million, a PE ratio of 64.34 and a beta of 1.69.

Wall Street Analysts Forecast Growth

SWIM has been the topic of several analyst reports. The Goldman Sachs Group raised their target price on Latham Group from $4.00 to $4.50 and gave the stock a "sell" rating in a report on Thursday, May 8th. Robert W. Baird set a $8.50 price objective on shares of Latham Group in a research note on Wednesday, March 5th. One equities research 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.com, the stock currently has a consensus rating of "Hold" and an average price target of $7.56.

Insider Activity

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the company's stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $6.54, for a total transaction of $688,335.00. Following the completion of the transaction, the insider now owns 332,818 shares in the company, valued at $2,176,629.72. This represents a 24.03% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James E. Cline sold 4,417 shares of the firm'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 completion of the transaction, the director now directly owns 189,251 shares in the company, valued at $1,220,668.95. This represents a 2.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 155,250 shares of company stock worth $988,044 over the last three months. 8.60% of the stock is currently owned by corporate insiders.

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.

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