Latham Group, Inc. (NASDAQ:SWIM) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its stake in shares of Latham Group, Inc. (NASDAQ:SWIM) by 12.6% in the third quarter, Holdings Channel.com reports. The fund owned 37,397 shares of the company’s stock after selling 5,394 shares during the period. Jane Street Group LLC’s holdings in Latham Group were worth $254,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of SWIM. Bank of New York Mellon Corp grew its stake in Latham Group by 2.2% in the 2nd quarter. Bank of New York Mellon Corp now owns 177,134 shares of the company’s stock worth $537,000 after acquiring an additional 3,837 shares during the period. Los Angeles Capital Management LLC grew its stake in Latham Group by 27.2% in the 2nd quarter. Los Angeles Capital Management LLC now owns 151,547 shares of the company’s stock worth $459,000 after acquiring an additional 32,410 shares during the period. American Century Companies Inc. boosted its holdings in shares of Latham Group by 103.7% in the 2nd quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock valued at $1,269,000 after purchasing an additional 213,128 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Latham Group by 21.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock valued at $4,067,000 after purchasing an additional 234,930 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Latham Group by 11.2% in the 2nd quarter. Renaissance Technologies LLC now owns 690,856 shares of the company’s stock valued at $2,093,000 after purchasing an additional 69,356 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Latham Group

In other Latham Group news, CFO Oliver C. Gloe sold 10,216 shares of the company’s stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $6.44, for a total value of $65,791.04. Following the completion of the transaction, the chief financial officer now owns 282,706 shares in the company, valued at approximately $1,820,626.64. This represents a 3.49 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Scott Michael Rajeski sold 22,191 shares of the company’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total transaction of $185,072.94. Following the completion of the transaction, the chief executive officer now owns 480,829 shares of the company’s stock, valued at approximately $4,010,113.86. This trade represents a 4.41 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 44,157 shares of company stock valued at $320,189. Insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have weighed in on SWIM. The Goldman Sachs Group lifted their price target on shares of Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Robert W. Baird lifted their price target on shares of Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Craig Hallum assumed coverage on shares of Latham Group in a report on Monday, December 9th. They set a “buy” rating and a $10.00 target price on the stock. Finally, Stifel Nicolaus lifted their target price on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to MarketBeat, Latham Group presently has a consensus rating of “Hold” and an average price target of $6.65.

Latham Group Stock Performance

Shares of SWIM stock opened at $6.38 on Friday. Latham Group, Inc. has a 12 month low of $2.11 and a 12 month high of $8.41. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. The firm has a market capitalization of $737.69 million, a P/E ratio of 70.90 and a beta of 1.80. The company’s fifty day moving average price is $6.65 and its two-hundred day moving average price is $5.76.

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.