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

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

Latham Group Stock Down 2.3 %

Latham Group stock opened at $5.72 on Friday. The company has a 50 day moving average of $6.46 and a 200-day moving average of $4.86. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a twelve month low of $2.11 and a twelve month high of $7.33. The stock has a market capitalization of $660.77 million, a PE ratio of 63.51 and a beta of 1.88.

Hedge Funds Weigh In On Latham Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Diversified Trust Co acquired a new stake in shares of Latham Group in the 2nd quarter valued at about $34,000. Public Employees Retirement System of Ohio grew its holdings in shares of Latham Group by 69.2% during the first quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock worth $43,000 after buying an additional 4,484 shares in the last quarter. Burns Matteson Capital Management LLC acquired a new stake in Latham Group in the 2nd quarter valued at approximately $49,000. FMR LLC raised its position 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. Finally, Quarry LP bought a new stake in Latham Group in the 3rd quarter valued at approximately $53,000. 83.95% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on SWIM. Stifel Nicolaus lifted their price objective on shares of 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 lifted their price target on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Robert W. Baird upped their price objective 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, Barclays lifted their target price on Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $5.62.

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.