Latham Group, Inc. (NASDAQ:SWIM) Shares Sold by Formula Growth Ltd.

Formula Growth Ltd. decreased its position in Latham Group, Inc. (NASDAQ:SWIM) by 17.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,203,079 shares of the company’s stock after selling 259,045 shares during the quarter. Latham Group accounts for approximately 2.8% of Formula Growth Ltd.’s holdings, making the stock its biggest holding. Formula Growth Ltd. owned approximately 1.04% of Latham Group worth $8,373,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Summit Securities Group LLC bought a new stake in shares of Latham Group during the fourth quarter worth $33,000. FMR LLC lifted its position in 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 buying an additional 3,123 shares in the last quarter. US Bancorp DE grew 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 worth $81,000 after acquiring an additional 11,662 shares during the last quarter. Arizona State Retirement System acquired a new stake in Latham Group in the 4th quarter valued at about $82,000. Finally, EntryPoint Capital LLC bought a new position in shares of Latham Group in the fourth quarter worth about $109,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Price Performance

Shares of SWIM stock opened at $4.91 on Friday. The firm has a market cap of $568.47 million, a price-to-earnings ratio of 54.56 and a beta of 1.70. Latham Group, Inc. has a 12 month low of $2.38 and a 12 month high of $8.41. 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 stock has a 50-day moving average price of $6.23 and a 200 day moving average price of $6.56.

Insider Activity

In other Latham Group news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the company’s stock in a transaction on Friday, March 14th. The shares were 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 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 hyperlink. Insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

Separately, Robert W. Baird set a $8.50 price target on shares of Latham Group in a report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target 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.