Gitterman Wealth Management LLC Lowers Holdings in Latham Group, Inc. (NASDAQ:SWIM)

Gitterman Wealth Management LLC cut its position in Latham Group, Inc. (NASDAQ:SWIM) by 13.7% during the 4th quarter, HoldingsChannel.com reports. The firm owned 28,901 shares of the company’s stock after selling 4,601 shares during the quarter. Gitterman Wealth Management LLC’s holdings in Latham Group were worth $201,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wynnchurch Capital Partners IV L.P. purchased a new stake in Latham Group in the 4th quarter worth approximately $104,287,000. Principal Financial Group Inc. purchased a new stake in Latham Group in the 3rd quarter worth approximately $697,000. Barclays PLC lifted its stake in Latham Group by 294.8% in the 3rd quarter. Barclays PLC now owns 54,720 shares of the company’s stock worth $372,000 after purchasing an additional 40,860 shares in the last quarter. ABS Direct Equity Fund LLC lifted its stake in Latham Group by 33.3% in the 4th quarter. ABS Direct Equity Fund LLC now owns 200,000 shares of the company’s stock worth $1,392,000 after purchasing an additional 50,000 shares in the last quarter. Finally, Thrivent Financial for Lutherans purchased a new stake in Latham Group in the 3rd quarter worth approximately $635,000. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

Latham Group Price Performance

SWIM stock opened at $7.29 on Friday. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. Latham Group, Inc. has a 52 week low of $2.38 and a 52 week high of $8.41. The firm’s fifty day moving average is $6.75 and its 200 day moving average is $6.64. The firm has a market cap of $844.01 million, a P/E ratio of 81.01 and a beta of 1.84.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Craig Hallum assumed coverage on shares of Latham Group in a research report on Monday, December 9th. They set a “buy” rating and a $10.00 price objective on the stock. Robert W. Baird set a $8.50 price objective on shares of Latham Group in a research report on Wednesday, March 5th. Finally, Stifel Nicolaus raised their price objective on shares of Latham Group from $7.70 to $8.80 and gave the company 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 issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $7.66.

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.