Latham Group, Inc. (NASDAQ:SWIM) Shares Acquired by American Century Companies Inc.

American Century Companies Inc. lifted its position in Latham Group, Inc. (NASDAQ:SWIM) by 103.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 418,708 shares of the company’s stock after purchasing an additional 213,128 shares during the quarter. American Century Companies Inc. owned about 0.36% of Latham Group worth $1,269,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of SWIM. Public Employees Retirement System of Ohio increased its holdings in Latham Group by 69.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock worth $43,000 after buying an additional 4,484 shares during the period. Vanguard Group Inc. raised its holdings in shares of Latham Group by 0.8% during the first quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock worth $8,234,000 after purchasing an additional 17,259 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in Latham Group during the second quarter valued at $49,000. Cullen Capital Management LLC lifted its position in Latham Group by 50.4% during the fourth quarter. Cullen Capital Management LLC now owns 76,059 shares of the company’s stock valued at $200,000 after purchasing an additional 25,491 shares during the period. Finally, Empowered Funds LLC boosted its holdings in Latham Group by 8.2% in the first quarter. Empowered Funds LLC now owns 271,220 shares of the company’s stock valued at $1,074,000 after purchasing an additional 20,475 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Insider Buying and Selling

In other Latham Group news, CEO Scott Michael Rajeski sold 33,000 shares of the stock in a transaction on Friday, August 16th. The shares were sold at an average price of $6.09, for a total transaction of $200,970.00. Following the transaction, the chief executive officer now directly owns 516,680 shares of the company’s stock, valued at $3,146,581.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, VP Suraj Kunchala sold 10,139 shares of Latham Group stock in a transaction that occurred on Friday, August 9th. The stock was sold at an average price of $5.06, for a total value of $51,303.34. Following the sale, the vice president now directly owns 38,748 shares of the company’s stock, valued at $196,064.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott Michael Rajeski sold 33,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $6.09, for a total value of $200,970.00. Following the sale, the chief executive officer now owns 516,680 shares of the company’s stock, valued at $3,146,581.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 72,932 shares of company stock valued at $441,364. 8.60% of the stock is owned by corporate insiders.

Latham Group Price Performance

NASDAQ:SWIM opened at $6.80 on Tuesday. The company has a quick ratio of 2.15, a current ratio of 3.22 and a debt-to-equity ratio of 0.68. Latham Group, Inc. has a 52 week low of $2.04 and a 52 week high of $6.93. The stock’s 50-day moving average price is $5.47 and its 200-day moving average price is $4.13. The stock has a market capitalization of $785.90 million, a PE ratio of 226.67 and a beta of 1.87.

Latham Group (NASDAQ:SWIM) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. The company had revenue of $160.12 million for the quarter, compared to analyst estimates of $156.00 million. Latham Group had a return on equity of 2.93% and a net margin of 2.24%. As a group, equities analysts expect that Latham Group, Inc. will post -0.02 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SWIM has been the subject of several analyst reports. Robert W. Baird boosted their price objective on Latham Group from $5.00 to $5.50 and gave the company an “outperform” rating in a report on Wednesday, August 7th. Barclays boosted their price target on Latham Group from $3.00 to $6.00 and gave the company an “equal weight” rating in a report on Monday, August 12th. Finally, Stifel Nicolaus upped their price objective on Latham Group from $6.80 to $7.00 and gave the stock a “buy” rating in a research report on Monday, September 16th.

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.