Latham Group (NASDAQ:SWIM) Trading Down 3.2% – What’s Next?

Latham Group, Inc. (NASDAQ:SWIM) shares fell 3.2% on Monday . The stock traded as low as $7.01 and last traded at $7.06. 38,846 shares were traded during trading, a decline of 93% from the average session volume of 533,204 shares. The stock had previously closed at $7.29.

Analysts Set New Price Targets

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

Latham Group Price Performance

The stock has a market capitalization of $764.13 million, a PE ratio of 73.34 and a beta of 1.84. The firm’s 50 day simple moving average is $6.76 and its 200 day simple moving average is $6.65. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60.

Insider Transactions at Latham Group

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of Latham Group stock in a transaction on Friday, March 14th. The shares were sold at an average price of $6.54, for a total value of $688,335.00. Following the sale, the insider now owns 332,818 shares in the company, valued at $2,176,629.72. The trade was a 24.03 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 8.60% of the company’s stock.

Institutional Trading of Latham Group

A number of hedge funds have recently modified their holdings of SWIM. Pamplona Capital Management LLC purchased a new position in shares of Latham Group in the 4th quarter worth about $360,846,000. Wynnchurch Capital Partners IV L.P. purchased a new position in shares of Latham Group in the 4th quarter worth about $104,287,000. Wasatch Advisors LP purchased a new position in shares of Latham Group in the 4th quarter worth about $17,408,000. Driehaus Capital Management LLC purchased a new position in shares of Latham Group in the 4th quarter worth about $10,221,000. Finally, Voss Capital LP raised its position in shares of Latham Group by 29.1% in the 4th quarter. Voss Capital LP now owns 5,164,178 shares of the company’s stock worth $35,943,000 after purchasing an additional 1,163,329 shares during the last quarter. 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.