Olympiad Research LP Has $177,000 Stock Position in Latham Group, Inc. (NASDAQ:SWIM)

Olympiad Research LP raised its holdings in Latham Group, Inc. (NASDAQ:SWIM) by 8.0% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,418 shares of the company’s stock after buying an additional 1,889 shares during the quarter. Olympiad Research LP’s holdings in Latham Group were worth $177,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Rhumbline Advisers grew its holdings in Latham Group by 4.8% in the 4th quarter. Rhumbline Advisers now owns 64,502 shares of the company’s stock valued at $449,000 after buying an additional 2,942 shares during the last quarter. FMR LLC grew its holdings 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. SG Americas Securities LLC grew its holdings in Latham Group by 20.3% in the 4th quarter. SG Americas Securities LLC now owns 18,573 shares of the company’s stock valued at $129,000 after buying an additional 3,133 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Latham Group by 2.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 333,206 shares of the company’s stock valued at $2,266,000 after buying an additional 7,502 shares during the last quarter. Finally, Quarry LP acquired a new stake in Latham Group in the 3rd quarter valued at approximately $53,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Price Performance

Shares of SWIM stock opened at $6.36 on Monday. The stock’s fifty day simple moving average is $6.87 and its 200 day simple moving average is $6.56. 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 firm has a market cap of $735.34 million, a price-to-earnings ratio of 70.67 and a beta of 1.81. Latham Group, Inc. has a one year low of $2.38 and a one year high of $8.41.

Insider Activity at Latham Group

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of Latham Group stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total value of $185,072.94. Following the completion of the transaction, the chief executive officer now owns 480,829 shares in the company, valued at approximately $4,010,113.86. The trade was a 4.41 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.60% of the stock is owned by insiders.

Analyst Ratings Changes

SWIM has been the topic of several recent research reports. Craig Hallum initiated coverage on Latham Group in a report on Monday, December 9th. They set a “buy” rating and a $10.00 price objective on the stock. The Goldman Sachs Group lifted their price objective on Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Robert W. Baird lifted their price objective on Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Stifel Nicolaus lifted their price objective on Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Two equities research 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 MarketBeat, Latham Group presently has an average rating of “Hold” and a consensus price target of $6.65.

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.