Jacobs Levy Equity Management Inc. Makes New $5.18 Million Investment in Latham Group, Inc. (NASDAQ:SWIM)

Jacobs Levy Equity Management Inc. bought a new position in Latham Group, Inc. (NASDAQ:SWIM - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund bought 744,295 shares of the company's stock, valued at approximately $5,180,000. Jacobs Levy Equity Management Inc. owned about 0.64% of Latham Group as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. LPL Financial LLC grew its stake in Latham Group by 12.0% in the 4th quarter. LPL Financial LLC now owns 15,954 shares of the company's stock worth $111,000 after acquiring an additional 1,713 shares in the last quarter. Olympiad Research LP raised its holdings in shares of Latham Group by 8.0% in the fourth quarter. Olympiad Research LP now owns 25,418 shares of the company's stock worth $177,000 after buying an additional 1,889 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Latham Group by 15.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,856 shares of the company's stock worth $111,000 after purchasing an additional 2,168 shares during the last quarter. Rhumbline Advisers increased its holdings in Latham Group by 4.8% in the fourth 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 increased its holdings in Latham Group by 20.3% in the fourth 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 currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on SWIM. The Goldman Sachs Group boosted their price target on shares of Latham Group from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Thursday, May 8th. Robert W. Baird set a $8.50 target price 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 issued a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Latham Group has an average rating of "Hold" and a consensus target price of $7.56.

Insider Transactions at Latham Group

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of Latham Group stock in a transaction on Friday, March 14th. The shares were sold at an average price of $6.54, for a total value of $688,335.00. Following the completion of the sale, the insider now owns 332,818 shares in the company, valued at approximately $2,176,629.72. The trade was a 24.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director James E. Cline sold 45,583 shares of the business's stock in a transaction on 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 owns 193,668 shares of the company's stock, valued at approximately $1,152,324.60. The trade was a 19.05% 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 ninety days. 8.60% of the stock is currently owned by corporate insiders.

Latham Group Price Performance

NASDAQ:SWIM traded up $0.13 during mid-day trading on Monday, hitting $6.35. 247,251 shares of the company's stock traded hands, compared to its average volume of 614,153. 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 firm's 50 day simple moving average is $5.93 and its 200 day simple moving average is $6.43. Latham Group, Inc. has a 1 year low of $2.54 and a 1 year high of $8.41. The company has a market cap of $738.94 million, a PE ratio of 70.56 and a beta of 1.72.

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.