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 dated Monday, November 11th. The shares were sold at an average price of $5.90, for a total value of $69,325.00. Following the completion of the sale, the chief operating officer now owns 262,811 shares in the company, valued at $1,550,584.90. This trade represents a 4.28 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Latham Group Price Performance

Latham Group stock traded down $0.09 during mid-day trading on Friday, reaching $5.76. The company had a trading volume of 216,478 shares, compared to its average volume of 439,787. The company has a market capitalization of $665.97 million, a P/E ratio of 65.01 and a beta of 1.88. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. The stock’s 50-day simple moving average is $6.46 and its 200-day simple moving average is $4.83. Latham Group, Inc. has a 1 year low of $2.11 and a 1 year high of $7.33.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on SWIM shares. Stifel Nicolaus boosted their price target on shares of Latham Group from $6.80 to $7.00 and gave the stock a “buy” rating in a report on Monday, September 16th. Robert W. Baird raised their price objective on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Barclays increased their target price on Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research note on Monday, August 12th. Finally, The Goldman Sachs Group boosted their target price on shares of Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Two equities 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, the company presently has a consensus rating of “Hold” and an average target price of $5.62.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Diversified Trust Co acquired a new position in shares of Latham Group in the second quarter worth $34,000. Public Employees Retirement System of Ohio increased its stake in Latham Group by 69.2% in the first quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock valued at $43,000 after purchasing an additional 4,484 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new stake in shares of Latham Group in the 2nd quarter valued at approximately $49,000. FMR LLC grew its stake in Latham Group by 75.9% in the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock valued at $49,000 after buying an additional 3,123 shares during the last quarter. Finally, Ritholtz Wealth Management acquired a new position in Latham Group in the 2nd quarter valued at $55,000. Institutional investors and hedge funds 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.