Public Employees Retirement System of Ohio Purchases New Holdings in Latham Group, Inc. (NASDAQ:SWIM)

Public Employees Retirement System of Ohio purchased a new stake in Latham Group, Inc. (NASDAQ:SWIM - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 74,891 shares of the company's stock, valued at approximately $521,000. Public Employees Retirement System of Ohio owned 0.06% of Latham Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Summit Securities Group LLC acquired a new stake in shares of Latham Group in the fourth quarter worth approximately $33,000. BNP Paribas Financial Markets purchased a new position in Latham Group during the fourth quarter worth approximately $42,000. ProShare Advisors LLC purchased a new position in Latham Group during the fourth quarter worth approximately $79,000. US Bancorp DE grew its stake in shares of Latham Group by 29,902.6% during the 4th quarter. US Bancorp DE now owns 11,701 shares of the company's stock valued at $81,000 after buying an additional 11,662 shares during the period. Finally, Arizona State Retirement System purchased a new stake in shares of Latham Group during the 4th quarter valued at $82,000. Hedge funds and other institutional investors own 83.95% of the company's stock.

Latham Group Stock Up 1.4%

Shares of NASDAQ SWIM traded up $0.08 on Friday, hitting $5.87. The company had a trading volume of 257,570 shares, compared to its average volume of 627,699. 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 12-month low of $2.54 and a 12-month high of $8.41. The firm has a market capitalization of $683.08 million, a P/E ratio of 65.23 and a beta of 1.69. The business has a 50 day moving average of $5.70 and a two-hundred day moving average of $6.42.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, Director James E. Cline sold 4,417 shares of Latham Group stock in a transaction that occurred on 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 now owns 189,251 shares in the company, valued at $1,220,668.95. This trade represents a 2.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the company's stock in a transaction on 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 of the company's stock, valued at $2,176,629.72. This trade represents a 24.03% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 155,250 shares of company stock valued at $988,044. Corporate insiders own 8.60% of the company's stock.

Latham Group Company 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.