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 company’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $5.90, for a total value of $69,325.00. Following the sale, the chief operating officer now directly owns 262,811 shares of the company’s stock, valued at approximately $1,550,584.90. This represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Latham Group Stock Down 2.3 %

SWIM opened at $5.72 on Friday. The company has a market capitalization of $660.80 million, a PE ratio of 63.50 and a beta of 1.88. The business has a 50-day moving average of $6.46 and a 200-day moving average of $4.85. Latham Group, Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $7.33. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60.

Institutional Trading of Latham Group

A number of institutional investors have recently added to or reduced their stakes in SWIM. FMR LLC increased its stake in shares of Latham Group by 75.9% during the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after purchasing an additional 3,123 shares during the last quarter. Panagora Asset Management Inc. raised its holdings in Latham Group by 1.6% during the second quarter. Panagora Asset Management Inc. now owns 197,072 shares of the company’s stock valued at $597,000 after buying an additional 3,161 shares in the last quarter. Bank of New York Mellon Corp lifted its position in shares of Latham Group by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 177,134 shares of the company’s stock worth $537,000 after buying an additional 3,837 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake 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 acquiring an additional 4,484 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Latham Group by 2.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,206 shares of the company’s stock valued at $2,266,000 after acquiring an additional 7,502 shares during the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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