Marshall Wace LLP Sells 166,455 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Marshall Wace LLP trimmed its position in shares of Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 78.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 45,500 shares of the company's stock after selling 166,455 shares during the period. Marshall Wace LLP's holdings in Latham Group were worth $317,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently modified their holdings of SWIM. Barclays PLC grew its holdings in Latham Group by 294.8% during the 3rd quarter. Barclays PLC now owns 54,720 shares of the company's stock valued at $372,000 after buying an additional 40,860 shares in the last quarter. Principal Financial Group Inc. acquired a new position in shares of Latham Group during the third quarter worth about $697,000. SG Americas Securities LLC boosted its position 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 purchasing an additional 3,133 shares during the period. ABS Direct Equity Fund LLC grew its stake in shares of Latham Group by 33.3% during the 4th quarter. ABS Direct Equity Fund LLC now owns 200,000 shares of the company's stock worth $1,392,000 after purchasing an additional 50,000 shares during the period. Finally, Calamos Advisors LLC acquired a new stake in shares of Latham Group during the 4th quarter worth about $421,000. 83.95% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Robert W. Baird set a $8.50 price target on shares of Latham Group in a research report on Wednesday, March 5th. The Goldman Sachs Group lifted their target price on shares of Latham Group from $4.00 to $4.50 and gave the stock a "sell" rating in a research report on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $7.56.

Insider Activity

In other news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the business's stock in a transaction that occurred 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 completion of the sale, the insider now owns 332,818 shares in the company, valued at $2,176,629.72. The trade was a 24.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 8.60% of the company's stock.

Latham Group Stock Down 2.9 %

Shares of NASDAQ:SWIM traded down $0.18 during midday trading on Thursday, hitting $5.80. The stock had a trading volume of 586,352 shares, compared to its average volume of 608,667. The company has a market cap of $670.93 million, a P/E ratio of 64.40 and a beta of 1.72. 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 business's 50-day simple moving average is $6.01 and its 200-day simple moving average is $6.45. Latham Group, Inc. has a 12 month low of $2.54 and a 12 month high of $8.41.

Latham Group 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.