JPMorgan Chase & Co. Purchases 2,627,348 Shares of Hayward Holdings, Inc. $HAYW
JPMorgan Chase & Co. significantly increased its stake in Hayward Holdings, Inc. by purchasing over 2.6 million shares in the third quarter, bringing its total holdings to 11.68 million shares valued at about $176.7 million. This move makes JPMorgan Chase a major institutional holder with 5.39% of the company. Despite this, Hayward's CEO recently sold a substantial number of shares, and analysts generally rate the stock as a "Hold" with an average target price of $18.00.