Latham Group, Inc. (NASDAQ:SWIM) COO Sells $69,325.00 in Stock

Latham Group, Inc. (NASDAQ:SWIM) COO Sanjeev Bahl sold 11,750 shares of the business’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $5.90, for a total transaction of $69,325.00. Following the completion of the transaction, the chief operating officer now owns 262,811 shares in the company, valued at approximately $1,550,584.90. This trade represents a 4.28 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Latham Group Stock Down 2.3 %

NASDAQ:SWIM opened at $5.72 on Friday. The company has a market cap of $660.77 million, a price-to-earnings ratio of 63.51 and a beta of 1.88. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The stock’s fifty day moving average price is $6.46 and its two-hundred day moving average price is $4.86. Latham Group, Inc. has a 52-week low of $2.11 and a 52-week high of $7.33.

Hedge Funds Weigh In On Latham Group

Several large investors have recently made changes to their positions in the company. Diversified Trust Co acquired a new stake in Latham Group in the second quarter worth about $34,000. Public Employees Retirement System of Ohio grew its position in shares of Latham Group by 69.2% during 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. Burns Matteson Capital Management LLC acquired a new stake in shares of Latham Group during the 2nd quarter worth approximately $49,000. FMR LLC raised its stake in shares of Latham Group by 75.9% during the third quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after buying an additional 3,123 shares during the last quarter. Finally, Quarry LP acquired a new position in Latham Group in the third quarter valued at approximately $53,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SWIM shares. Barclays lifted their target price on shares of Latham Group from $3.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Stifel Nicolaus lifted their price objective on Latham Group from $6.80 to $7.00 and gave the company a “buy” rating in a research report on Monday, September 16th. Robert W. Baird increased their target price on Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, The Goldman Sachs Group raised their target price on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $5.62.

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.