Latham Group, Inc. (NASDAQ:SWIM) CEO Sells $185,072.94 in Stock

Latham Group, Inc. (NASDAQ:SWIM) CEO Scott Michael Rajeski sold 22,191 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was 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 owns 480,829 shares in the company, valued at approximately $4,010,113.86. This trade represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Latham Group Stock Down 2.5 %

Shares of NASDAQ:SWIM opened at $7.53 on Friday. Latham Group, Inc. has a 52 week low of $2.11 and a 52 week high of $8.41. 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 cap of $870.66 million, a PE ratio of 83.67 and a beta of 1.84. The firm has a 50 day simple moving average of $6.59 and a 200 day simple moving average of $5.31.

Institutional Trading of Latham Group

A number of hedge funds have recently modified their holdings of SWIM. Vanguard Group Inc. raised its position in Latham Group by 0.8% during the first 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 period. Diversified Trust Co acquired a new position in shares of Latham Group in the 2nd quarter valued at about $34,000. Bank of New York Mellon Corp lifted its position in shares of Latham Group by 2.2% in the second quarter. Bank of New York Mellon Corp now owns 177,134 shares of the company’s stock worth $537,000 after purchasing an additional 3,837 shares in the last quarter. BloombergSen Inc. boosted its holdings in shares of Latham Group by 24.3% during the second quarter. BloombergSen Inc. now owns 48,560 shares of the company’s stock worth $147,000 after purchasing an additional 9,506 shares during the period. Finally, Panagora Asset Management Inc. grew its position in Latham Group by 1.6% during the second quarter. Panagora Asset Management Inc. now owns 197,072 shares of the company’s stock valued at $597,000 after purchasing an additional 3,161 shares in the last quarter. Hedge funds and other institutional investors own 83.95% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on SWIM shares. Craig Hallum began coverage on shares of Latham Group in a research note on Monday, December 9th. They issued a “buy” rating and a $10.00 price objective on the stock. Stifel Nicolaus upped their price target on Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a report on Wednesday. The Goldman Sachs Group raised their price objective on Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Finally, Robert W. Baird boosted their target price on Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company 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.