Y Intercept Hong Kong Ltd Increases Stock Holdings in Latham Group, Inc. $SWIM

Y Intercept Hong Kong Ltd boosted its position in shares of Latham Group, Inc. (NASDAQ:SWIM) by 94.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 48,345 shares of the company’s stock after purchasing an additional 23,452 shares during the period. Y Intercept Hong Kong Ltd’s holdings in Latham Group were worth $308,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in SWIM. New York State Common Retirement Fund lifted its holdings in Latham Group by 51.4% in the first quarter. New York State Common Retirement Fund now owns 17,148 shares of the company’s stock valued at $110,000 after acquiring an additional 5,820 shares during the last quarter. Deutsche Bank AG raised its position in Latham Group by 13.7% in the first quarter. Deutsche Bank AG now owns 24,220 shares of the company’s stock valued at $156,000 after purchasing an additional 2,914 shares during the period. Jane Street Group LLC lifted its stake in shares of Latham Group by 27.1% in the 1st quarter. Jane Street Group LLC now owns 24,894 shares of the company’s stock valued at $160,000 after purchasing an additional 5,315 shares during the last quarter. Nuveen LLC purchased a new position in shares of Latham Group during the 1st quarter worth $623,000. Finally, BloombergSen Inc. lifted its position in Latham Group by 10.2% in the first quarter. BloombergSen Inc. now owns 131,716 shares of the company’s stock valued at $847,000 after buying an additional 12,193 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Insider Transactions at Latham Group

In other Latham Group news, Director Frank J. Dellaquila acquired 5,000 shares of the company’s stock in a transaction on Friday, August 22nd. The shares were bought at an average cost of $8.24 per share, for a total transaction of $41,200.00. Following the completion of the purchase, the director owned 21,814 shares in the company, valued at $179,747.36. This trade represents a 29.74% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.60% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Latham Group from $7.00 to $8.00 and gave the company an “equal weight” rating in a research report on Wednesday. Stifel Nicolaus set a $8.75 target price on Latham Group in a report on Wednesday. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Latham Group in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $7.95.

Latham Group Price Performance

Shares of NASDAQ SWIM opened at $6.83 on Friday. The stock has a market cap of $796.79 million, a P/E ratio of -68.29 and a beta of 1.71. Latham Group, Inc. has a twelve month low of $4.56 and a twelve month high of $8.46. The stock has a 50 day moving average of $7.58 and a two-hundred day moving average of $6.89. The company has a current ratio of 2.39, a quick ratio of 1.51 and a debt-to-equity ratio of 0.70.

Latham Group Company 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.