Arizona State Retirement System Invests $82,000 in Latham Group, Inc. (NASDAQ:SWIM)

Arizona State Retirement System purchased a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) in the 4th quarter, Holdings Channel reports. The fund purchased 11,715 shares of the company’s stock, valued at approximately $82,000.

Several other institutional investors have also modified their holdings of SWIM. Principal Financial Group Inc. bought a new position in shares of Latham Group during the third quarter worth about $697,000. Empowered Funds LLC grew its position in shares of Latham Group by 22.8% during the third quarter. Empowered Funds LLC now owns 358,927 shares of the company’s stock worth $2,441,000 after acquiring an additional 66,647 shares during the last quarter. Natixis Advisors LLC bought a new position in shares of Latham Group during the third quarter worth about $350,000. Thrivent Financial for Lutherans bought a new position in shares of Latham Group during the third quarter worth about $635,000. Finally, Intech Investment Management LLC bought a new position in Latham Group in the 3rd quarter valued at about $92,000. Institutional investors own 83.95% of the company’s stock.

Latham Group Price Performance

Shares of NASDAQ SWIM opened at $7.29 on Monday. Latham Group, Inc. has a twelve month low of $2.38 and a twelve month high of $8.41. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $844.01 million, a price-to-earnings ratio of 81.01 and a beta of 1.84. The firm has a 50-day moving average of $6.75 and a two-hundred day moving average of $6.64.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Craig Hallum assumed coverage on shares of Latham Group in a research report on Monday, December 9th. They issued a “buy” rating and a $10.00 target price for the company. Stifel Nicolaus increased their target price on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research report on Wednesday, December 11th. Finally, Robert W. Baird set a $8.50 target price on shares of Latham Group in a research report on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $7.66.

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.