Latham Group, Inc. (NASDAQ:SWIM) VP Suraj Kunchala Sells 10,139 Shares

Latham Group, Inc. (NASDAQ:SWIM) VP Suraj Kunchala sold 10,139 shares of Latham Group stock in a transaction dated Friday, August 9th. The stock was sold at an average price of $5.06, for a total value of $51,303.34. Following the completion of the sale, the vice president now owns 38,748 shares of the company’s stock, valued at $196,064.88. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Latham Group Trading Up 5.0 %

Shares of NASDAQ:SWIM opened at $5.30 on Monday. The stock has a market capitalization of $612.54 million, a price-to-earnings ratio of 176.67 and a beta of 1.76. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.78 and a current ratio of 3.12. The stock’s 50-day simple moving average is $3.42 and its two-hundred day simple moving average is $3.30. Latham Group, Inc. has a 52-week low of $2.04 and a 52-week high of $5.38.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of SWIM. Tower Research Capital LLC TRC boosted its position in Latham Group by 113.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 11,388 shares of the company’s stock worth $30,000 after purchasing an additional 6,060 shares during the last quarter. Quadrature Capital Ltd purchased a new position in shares of Latham Group during the 4th quarter valued at about $32,000. Diversified Trust Co purchased a new position in shares of Latham Group during the 2nd quarter valued at about $34,000. Public Employees Retirement System of Ohio lifted its position 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 valued at $43,000 after buying an additional 4,484 shares in the last quarter. Finally, Oxford Asset Management LLP purchased a new position in shares of Latham Group during the 4th quarter valued at about $46,000. 83.95% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Barclays reduced their price objective on Latham Group from $4.00 to $3.00 and set an “equal weight” rating for the company in a report on Friday, July 12th. Robert W. Baird lifted their price objective on Latham Group from $5.00 to $5.50 and gave the stock an “outperform” rating in a report on Wednesday, August 7th.

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.