California State Teachers Retirement System Raises Stock Position in Latham Group, Inc. (NASDAQ:SWIM)

California State Teachers Retirement System grew its stake in Latham Group, Inc. (NASDAQ:SWIM) by 1,186.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 37,780 shares of the company’s stock after buying an additional 34,844 shares during the period. California State Teachers Retirement System’s holdings in Latham Group were worth $263,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. LPL Financial LLC raised its holdings in shares of Latham Group by 12.0% in the fourth quarter. LPL Financial LLC now owns 15,954 shares of the company’s stock valued at $111,000 after buying an additional 1,713 shares during the last quarter. Olympiad Research LP grew its holdings in shares of Latham Group by 8.0% during the fourth quarter. Olympiad Research LP now owns 25,418 shares of the company’s stock worth $177,000 after buying an additional 1,889 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in Latham Group by 15.8% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 15,856 shares of the company’s stock valued at $111,000 after acquiring an additional 2,168 shares during the period. Rhumbline Advisers raised its stake in Latham Group by 4.8% during the 4th quarter. Rhumbline Advisers now owns 64,502 shares of the company’s stock valued at $449,000 after acquiring an additional 2,942 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its stake in Latham Group by 9.8% during the 4th quarter. EP Wealth Advisors LLC now owns 43,575 shares of the company’s stock valued at $303,000 after acquiring an additional 3,883 shares during the last quarter. 83.95% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. The Goldman Sachs Group boosted their price objective on shares of Latham Group from $4.00 to $4.50 and gave the company a “sell” rating in a research note on Thursday, May 8th. Robert W. Baird set a $8.50 target price on shares of Latham Group in a report on Wednesday, March 5th. One investment analyst has 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. Based on data from MarketBeat, Latham Group has an average rating of “Hold” and a consensus price target of $7.56.

Latham Group Trading Down 2.8%

Shares of Latham Group stock opened at $5.96 on Friday. Latham Group, Inc. has a fifty-two week low of $2.54 and a fifty-two week high of $8.41. The business’s fifty day moving average is $5.69 and its two-hundred day moving average is $6.40. 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 firm has a market cap of $693.55 million, a PE ratio of 66.23 and a beta of 1.69.

Insider Buying and Selling at Latham Group

In related news, Director James E. Cline sold 4,417 shares of the company’s stock in a transaction on Monday, May 12th. The shares were sold at an average price of $6.45, for a total transaction of $28,489.65. Following the completion of the sale, the director now directly owns 189,251 shares of the company’s stock, valued at approximately $1,220,668.95. This represents a 2.28% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.60% of the stock is owned by company insiders.

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.