Latham Group, Inc. (NASDAQ:SWIM) COO Sanjeev Bahl Sells 11,750 Shares of Stock

Latham Group, Inc. (NASDAQ:SWIM) COO Sanjeev Bahl sold 11,750 shares of the business’s stock in a transaction on Monday, November 11th. The shares were sold at an average price of $5.90, for a total transaction of $69,325.00. Following the sale, the chief operating officer now owns 262,811 shares of the company’s stock, valued at $1,550,584.90. This trade represents a 4.28 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link.

Latham Group Stock Down 1.5 %

SWIM stock traded down $0.09 during midday trading on Friday, hitting $5.76. The company’s stock had a trading volume of 216,478 shares, compared to its average volume of 439,787. Latham Group, Inc. has a 52-week low of $2.11 and a 52-week high of $7.33. The firm has a 50-day simple moving average of $6.46 and a 200-day simple moving average of $4.83. The firm 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 quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on SWIM. Stifel Nicolaus raised their target price on Latham Group from $6.80 to $7.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. The Goldman Sachs Group boosted their price target on Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Robert W. Baird increased their price target on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Barclays upped their target price on shares of Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $5.62.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in SWIM. Diversified Trust Co acquired a new position in shares of Latham Group in the second quarter worth about $34,000. Public Employees Retirement System of Ohio increased its position in Latham Group by 69.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock worth $43,000 after purchasing an additional 4,484 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new stake in shares of Latham Group in the second quarter worth $49,000. FMR LLC grew its position in Latham Group by 75.9% during the third quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after buying an additional 3,123 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new position in Latham Group during the 2nd quarter valued at about $55,000. Hedge funds and other institutional investors own 83.95% of the company’s stock.

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.