Empowered Funds LLC Has $2.63 Million Holdings in Latham Group, Inc. (NASDAQ:SWIM)

Empowered Funds LLC raised its position in Latham Group, Inc. (NASDAQ:SWIM) by 5.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 377,291 shares of the company’s stock after buying an additional 18,364 shares during the period. Empowered Funds LLC’s holdings in Latham Group were worth $2,626,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in SWIM. SG Americas Securities LLC acquired a new position in shares of Latham Group during the third quarter worth approximately $105,000. Roubaix Capital LLC lifted its holdings in Latham Group by 70.9% in the third quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock valued at $5,178,000 after buying an additional 315,889 shares during the period. Olympiad Research LP acquired a new position in Latham Group in the third quarter valued at approximately $160,000. Principal Financial Group Inc. acquired a new position in Latham Group in the third quarter valued at approximately $697,000. Finally, BloombergSen Inc. lifted its holdings in Latham Group by 64.2% in the third quarter. BloombergSen Inc. now owns 79,745 shares of the company’s stock valued at $542,000 after buying an additional 31,185 shares during the period. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Stock Down 2.7 %

Shares of SWIM stock opened at $6.52 on Friday. The firm has a fifty day moving average of $6.98 and a 200-day moving average of $6.39. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a 12-month low of $2.38 and a 12-month high of $8.41. The company has a market capitalization of $753.84 million, a price-to-earnings ratio of 72.45 and a beta of 1.81.

Insider Transactions at Latham Group

In other news, CEO Scott Michael Rajeski sold 22,191 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.34, for a total transaction of $185,072.94. Following the completion of the sale, the chief executive officer now owns 480,829 shares of the company’s stock, valued at $4,010,113.86. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.60% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities analysts recently weighed in on the stock. Robert W. Baird increased their price objective 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. The Goldman Sachs Group upped their target price on shares of Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Stifel Nicolaus upped their target price on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Finally, Craig Hallum initiated coverage on shares of Latham Group in a research note on Monday, December 9th. They issued a “buy” rating and a $10.00 target price for the company. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Latham Group currently has a consensus rating of “Hold” and a consensus target price of $6.65.

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.