56,106 Shares in Latham Group, Inc. (NASDAQ:SWIM) Acquired by XTX Topco Ltd

XTX Topco Ltd acquired a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 56,106 shares of the company’s stock, valued at approximately $382,000.

Several other institutional investors and hedge funds also recently bought and sold shares of SWIM. Zacks Investment Management lifted its position in shares of Latham Group by 69.2% in the third quarter. Zacks Investment Management now owns 25,523 shares of the company’s stock worth $174,000 after purchasing an additional 10,436 shares in the last quarter. EP Wealth Advisors LLC acquired a new position in Latham Group in the 3rd quarter valued at approximately $270,000. Voya Financial Advisors Inc. acquired a new stake in shares of Latham Group during the 3rd quarter valued at $89,000. State Street Corp grew its holdings in shares of Latham Group by 5.4% during the 3rd quarter. State Street Corp now owns 789,974 shares of the company’s stock valued at $5,372,000 after acquiring an additional 40,764 shares in the last quarter. Finally, Quadrature Capital Ltd acquired a new position in shares of Latham Group in the third quarter worth $72,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insiders Place Their Bets

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. Craig Hallum began coverage on Latham Group in a research report on Monday, December 9th. They set a “buy” rating and a $10.00 price objective for the company. Stifel Nicolaus boosted their price target on Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Robert W. Baird raised their price objective on shares of Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group boosted their target price on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $6.65.

Latham Group Stock Performance

Shares of NASDAQ SWIM opened at $7.53 on Monday. The business’s 50-day simple moving average is $6.59 and its 200-day simple moving average is $5.32. Latham Group, Inc. has a 52 week low of $2.11 and a 52 week high of $8.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The firm has a market cap of $870.62 million, a price-to-earnings ratio of 83.68 and a beta of 1.84.

About Latham Group

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.