Latham Group (NASDAQ:SWIM) PT Raised to $6.00

Latham Group (NASDAQ:SWIM) had its price objective hoisted by Barclays from $3.00 to $6.00 in a research report sent to investors on Monday morning, Benzinga reports. The brokerage currently has an equal weight rating on the stock.

Separately, Robert W. Baird boosted their price objective on Latham Group from $5.00 to $5.50 and gave the stock an outperform rating in a research note on Wednesday, August 7th.

Latham Group Stock Performance

NASDAQ:SWIM opened at $5.55 on Monday. Latham Group has a twelve month low of $2.04 and a twelve month high of $5.73. The company has a market cap of $641.43 million, a P/E ratio of 185.00 and a beta of 1.76. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.68. The company’s 50-day moving average price is $3.52 and its 200-day moving average price is $3.35.

Insider Activity

In related news, VP Suraj Kunchala sold 10,139 shares of the 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 completion of the transaction, the vice president now directly owns 38,748 shares in the company, valued at $196,064.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Latham Group

A number of hedge funds have recently made changes to their positions in the stock. ELCO Management Co. LLC grew its stake in shares of Latham Group by 8.6% in the second quarter. ELCO Management Co. LLC now owns 97,762 shares of the company’s stock worth $296,000 after acquiring an additional 7,762 shares in the last quarter. Cubist Systematic Strategies LLC grew its stake in shares of Latham Group by 71.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 27,923 shares of the company’s stock valued at $85,000 after purchasing an additional 11,601 shares during the last quarter. Renaissance Technologies LLC increased its holdings in shares of Latham Group by 11.2% in the second quarter. Renaissance Technologies LLC now owns 690,856 shares of the company’s stock valued at $2,093,000 after purchasing an additional 69,356 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Latham Group by 21.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock worth $4,067,000 after purchasing an additional 234,930 shares during the last quarter. Finally, American Century Companies Inc. grew its position in Latham Group by 103.7% in the 2nd quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock valued at $1,269,000 after buying an additional 213,128 shares during the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

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.