Two Sigma Investments LP Sells 65,215 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Two Sigma Investments LP trimmed its stake in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 66.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm 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 SEC.

Several other large investors have also recently added to or reduced their stakes in SWIM. LPL Financial LLC increased its position in shares of Latham Group by 12.0% in the 4th quarter. LPL Financial LLC now owns 15,954 shares of the company's stock valued at $111,000 after purchasing an additional 1,713 shares during the last quarter. Olympiad Research LP boosted its holdings in shares of Latham Group by 8.0% in the 4th quarter. Olympiad Research LP now owns 25,418 shares of the company's stock valued at $177,000 after buying an additional 1,889 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its holdings in shares of Latham Group by 15.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,856 shares of the company's stock valued at $111,000 after buying an additional 2,168 shares in the last quarter. Rhumbline Advisers boosted its holdings in shares of Latham Group by 4.8% in the 4th quarter. Rhumbline Advisers now owns 64,502 shares of the company's stock valued at $449,000 after buying an additional 2,942 shares in the last quarter. Finally, SG Americas Securities LLC boosted its holdings in shares of Latham Group by 20.3% in the 4th quarter. SG Americas Securities LLC now owns 18,573 shares of the company's stock valued at $129,000 after buying an additional 3,133 shares in the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Latham Group Price Performance

NASDAQ SWIM traded down $0.35 on Friday, reaching $5.61. The company's stock had a trading volume of 491,019 shares, compared to its average volume of 637,614. Latham Group, Inc. has a twelve month low of $2.54 and a twelve month high of $8.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The stock has a market cap of $652.82 million, a PE ratio of 62.34 and a beta of 1.69. The firm's 50 day moving average is $5.70 and its two-hundred day moving average is $6.39.

Insider Transactions at Latham Group

In other Latham Group news, Director James E. Cline sold 4,417 shares of the business's stock in a transaction on Monday, May 12th. The shares were sold at an average price of $6.45, for a total value of $28,489.65. Following the sale, the director now owns 189,251 shares of the company's stock, valued at $1,220,668.95. The trade was a 2.28% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 8.60% of the stock is owned by corporate insiders.

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.