Cornercap Investment Counsel Inc. Sells 68,897 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Cornercap Investment Counsel Inc. decreased its holdings in Latham Group, Inc. (NASDAQ:SWIM) by 65.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,802 shares of the company’s stock after selling 68,897 shares during the quarter. Cornercap Investment Counsel Inc.’s holdings in Latham Group were worth $256,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. FMR LLC boosted its stake in shares of Latham Group by 75.9% during the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after acquiring an additional 3,123 shares during the last quarter. Quarry LP purchased a new stake in shares of Latham Group in the 3rd quarter worth $53,000. Quadrature Capital Ltd bought a new position in Latham Group in the 3rd quarter worth $72,000. US Bancorp DE lifted its position in Latham Group by 29,902.6% during the fourth quarter. US Bancorp DE now owns 11,701 shares of the company’s stock valued at $81,000 after purchasing an additional 11,662 shares in the last quarter. Finally, Arizona State Retirement System bought a new stake in Latham Group during the fourth quarter valued at about $82,000. 83.95% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

SWIM has been the topic of a number of analyst reports. Stifel Nicolaus lifted their price objective on Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Robert W. Baird set a $8.50 price target on shares of Latham Group in a research report on Wednesday, March 5th. Finally, Craig Hallum started coverage on shares of Latham Group in a research report on Monday, December 9th. They set a “buy” rating and a $10.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.66.

Latham Group Trading Down 8.0 %

SWIM stock opened at $6.43 on Friday. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. Latham Group, Inc. has a 1-year low of $2.38 and a 1-year high of $8.41. The business has a 50 day simple moving average of $6.77 and a two-hundred day simple moving average of $6.69. The company has a market capitalization of $744.45 million, a price-to-earnings ratio of 71.45 and a beta of 1.84.

Insider Transactions at Latham Group

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 shares were sold at an average price of $6.54, for a total value of $688,335.00. Following the sale, the insider now directly owns 332,818 shares in the company, valued at approximately $2,176,629.72. The trade was a 24.03 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 8.60% of the company’s stock.

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.