Latham Group, Inc. (NASDAQ:SWIM) Position Decreased by Ewing Morris & Co. Investment Partners Ltd.

Ewing Morris & Co. Investment Partners Ltd. lowered its stake in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 28.6% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,160,253 shares of the company's stock after selling 464,089 shares during the quarter. Latham Group accounts for about 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 1.00% of Latham Group worth $8,075,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in SWIM. Pamplona Capital Management LLC purchased a new stake in shares of Latham Group during the fourth quarter worth $360,846,000. Wynnchurch Capital Partners IV L.P. acquired a new position in shares of Latham Group during the 4th quarter valued at about $104,287,000. Wasatch Advisors LP acquired a new position in shares of Latham Group during the 4th quarter valued at about $17,408,000. Driehaus Capital Management LLC acquired a new position in shares of Latham Group during the 4th quarter valued at about $10,221,000. Finally, Voss Capital LP boosted its position in shares of Latham Group by 29.1% during the 4th quarter. Voss Capital LP now owns 5,164,178 shares of the company's stock valued at $35,943,000 after acquiring an additional 1,163,329 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company's stock.

Latham Group Trading Down 9.6%

NASDAQ:SWIM traded down $0.65 on Wednesday, reaching $6.11. 629,044 shares of the company's stock were exchanged, compared to its average volume of 609,046. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. The firm has a market capitalization of $711.01 million, a price-to-earnings ratio of 67.90 and a beta of 1.72. The business has a fifty day moving average of $5.99 and a 200-day moving average of $6.44. Latham Group, Inc. has a 52-week low of $2.54 and a 52-week high of $8.41.

Insiders Place Their Bets

In other Latham Group news, Director James E. Cline sold 45,583 shares of the business'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 $1,152,324.60. This represents a 19.05% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the business's stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $6.54, for a total transaction of $688,335.00. Following the sale, the insider now owns 332,818 shares in the company, 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. Insiders have sold 155,250 shares of company stock worth $988,044 over the last three months. Company insiders own 8.60% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on SWIM shares. The Goldman Sachs Group boosted 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. Robert W. Baird set a $8.50 price target on shares of Latham Group in a research report on Wednesday, March 5th. One research 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. Based on data from MarketBeat, Latham Group presently has an average 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.