Two Sigma Investments LP Trims Stake in Latham Group, Inc. (NASDAQ:SWIM)

Two Sigma Investments LP lessened its stake in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 66.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 32,478 shares of the company's stock after selling 65,215 shares during the period. Two Sigma Investments LP's holdings in Latham Group were worth $226,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in SWIM. Summit Securities Group LLC bought a new position in shares of Latham Group during the 4th quarter valued at about $33,000. BNP Paribas Financial Markets bought a new position in shares of Latham Group during the 4th quarter valued at about $42,000. ProShare Advisors LLC bought a new position in shares of Latham Group during the 4th quarter valued at about $79,000. US Bancorp DE boosted its holdings 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 purchasing an additional 11,662 shares during the last quarter. Finally, Arizona State Retirement System bought a new position in shares of Latham Group during the 4th quarter valued at about $82,000. Institutional investors own 83.95% of the company's stock.

Latham Group Price Performance

Shares of NASDAQ SWIM traded down $0.35 during mid-day trading on Friday, hitting $5.61. 491,019 shares of the company's stock traded hands, compared to its average volume of 637,614. The company's 50-day moving average is $5.70 and its two-hundred day moving average is $6.39. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. The company has a market capitalization of $652.82 million, a P/E ratio of 62.34 and a beta of 1.69. Latham Group, Inc. has a 1 year low of $2.54 and a 1 year high of $8.41.

Insider Activity

In other news, Director James E. Cline sold 45,583 shares of the company's stock in a transaction dated Friday, May 9th. The shares were sold at an average price of $5.95, for a total transaction of $271,218.85. Following the sale, the director now directly owns 193,668 shares in the company, valued at approximately $1,152,324.60. This represents a 19.05% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.60% of the company's stock.

Analyst Upgrades and Downgrades

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

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.