Latham Group, Inc. (NASDAQ:SWIM - Get Free Report) CEO Scott Michael Rajeski sold 22,191 shares of the company's stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $8.34, for a total transaction of $185,072.94. Following the completion of the sale, the chief executive officer now directly owns 480,829 shares in the company, valued at approximately $4,010,113.86. This represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Latham Group Trading Down 7.5 %
Shares of SWIM stock opened at $7.72 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. The company has a market capitalization of $892.59 million, a price-to-earnings ratio of 85.79 and a beta of 1.84. Latham Group, Inc. has a 52-week low of $2.11 and a 52-week high of $8.41. The company has a 50-day simple moving average of $6.58 and a two-hundred day simple moving average of $5.27.
Hedge Funds Weigh In On Latham Group
Institutional investors have recently modified their holdings of the business. Principal Financial Group Inc. bought a new position in Latham Group in the 3rd quarter valued at $697,000. Thrivent Financial for Lutherans bought a new position in Latham Group during the third quarter valued at about $635,000. Roubaix Capital LLC raised its position in Latham Group by 70.9% in the third quarter. Roubaix Capital LLC now owns 761,541 shares of the company's stock worth $5,178,000 after acquiring an additional 315,889 shares during the period. Vanguard Group Inc. lifted its position in shares of Latham Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company's stock valued at $8,234,000 after buying an additional 17,259 shares during the last quarter. Finally, American Century Companies Inc. grew its stake in shares of Latham Group by 103.7% during the 2nd quarter. American Century Companies Inc. now owns 418,708 shares of the company's stock worth $1,269,000 after acquiring an additional 213,128 shares during the period. 83.95% of the stock is owned by institutional investors.
Analysts Set New Price Targets
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Several analysts have recently weighed in on SWIM shares. Craig Hallum assumed coverage on shares of Latham Group in a research note on Monday. They issued a "buy" rating and a $10.00 price objective for the company. Stifel Nicolaus increased their price target on Latham Group from $7.70 to $8.80 and gave the stock a "buy" rating in a report on Wednesday. Robert W. Baird lifted their price target on shares of Latham Group from $5.50 to $7.50 and gave the company an "outperform" rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their price objective on shares of Latham Group from $3.00 to $5.00 and gave the company a "sell" rating in a report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $6.65.
View Our Latest Stock Report on Latham Group
About Latham Group
(
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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.
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