Russell Investments Group Ltd. Has $781,000 Position in Latham Group, Inc. (NASDAQ:SWIM)

Russell Investments Group Ltd. boosted its position in Latham Group, Inc. (NASDAQ:SWIM - Free Report) by 1,220.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 112,156 shares of the company's stock after buying an additional 103,663 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.10% of Latham Group worth $781,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC grew its stake in Latham Group by 75.9% in the third quarter. FMR LLC now owns 7,239 shares of the company's stock valued at $49,000 after purchasing an additional 3,123 shares in the last quarter. State Street Corp grew its stake in Latham Group by 5.4% in the third quarter. State Street Corp now owns 789,974 shares of the company's stock valued at $5,372,000 after purchasing an additional 40,764 shares in the last quarter. Barclays PLC grew its stake in Latham Group by 294.8% in the third quarter. Barclays PLC now owns 54,720 shares of the company's stock valued at $372,000 after purchasing an additional 40,860 shares in the last quarter. Geode Capital Management LLC grew its stake in Latham Group by 2.1% in the third quarter. Geode Capital Management LLC now owns 971,731 shares of the company's stock valued at $6,609,000 after purchasing an additional 20,209 shares in the last quarter. Finally, Franklin Resources Inc. bought a new position in Latham Group in the third quarter valued at approximately $438,000. Institutional investors and hedge funds own 83.95% of the company's stock.

Insider Buying and Selling

In other Latham Group 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 stock was sold at an average price of $6.54, for a total value of $688,335.00. Following the completion of the transaction, the insider now directly owns 332,818 shares of the company's stock, valued at $2,176,629.72. The trade was a 24.03 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is currently owned by insiders.

Latham Group Stock Performance

NASDAQ:SWIM traded down $0.04 during mid-day trading on Monday, hitting $5.52. 426,182 shares of the stock were exchanged, compared to its average volume of 597,231. The stock has a market capitalization of $639.09 million, a price-to-earnings ratio of 61.34 and a beta of 1.70. The firm's 50-day simple moving average is $6.07 and its 200 day simple moving average is $6.50. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. Latham Group, Inc. has a fifty-two week low of $2.38 and a fifty-two week high of $8.41.

Analysts Set New Price Targets

Separately, Robert W. Baird set a $8.50 price target on Latham Group in a research note on Wednesday, March 5th. One equities research 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 company presently has a consensus rating of "Hold" and an average target price of $7.66.

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.