Latham Group, Inc. (NASDAQ:SWIM) is Ewing Morris & Co. Investment Partners Ltd.'s 9th Largest Position

Ewing Morris & Co. Investment Partners Ltd. decreased its position in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 28.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,160,253 shares of the company's stock after selling 464,089 shares during the quarter. Latham Group accounts for 3.1% of Ewing Morris & Co. Investment Partners Ltd.'s portfolio, making the stock its 9th biggest holding. Ewing Morris & Co. Investment Partners Ltd. owned approximately 1.00% of Latham Group worth $8,075,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Summit Securities Group LLC purchased a new stake in Latham Group during the 4th quarter valued at $33,000. BNP Paribas Financial Markets purchased a new stake in Latham Group during the 4th quarter valued at $42,000. US Bancorp DE raised its holdings in 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. Arizona State Retirement System purchased a new stake in Latham Group during the 4th quarter valued at $82,000. Finally, EntryPoint Capital LLC purchased a new stake in Latham Group during the 4th quarter valued at $109,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Latham Group

In other news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the stock in a transaction on Friday, March 14th. The stock was sold at an average price of $6.54, for a total transaction of $688,335.00. Following the transaction, the insider now owns 332,818 shares of the company's stock, valued at approximately $2,176,629.72. This represents a 24.03% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 8.60% of the company's stock.

Analyst Ratings Changes

Several research firms recently weighed in on SWIM. Robert W. Baird set a $8.50 price target on Latham Group in a report on Wednesday, March 5th. The Goldman Sachs Group increased their target price on Latham Group from $4.00 to $4.50 and gave the stock a "sell" rating in a research note on Thursday. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $7.56.

Latham Group Trading Up 3.3%

SWIM stock traded up $0.19 during midday trading on Friday, reaching $5.99. The company's stock had a trading volume of 540,619 shares, compared to its average volume of 608,775. Latham Group, Inc. has a 1 year low of $2.54 and a 1 year 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 fifty day simple moving average of $6.03 and a two-hundred day simple moving average of $6.43. The firm has a market capitalization of $697.04 million, a price-to-earnings ratio of 66.56 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.