SG Americas Securities LLC Boosts Stake in Latham Group, Inc. (NASDAQ:SWIM)

SG Americas Securities LLC increased its position in Latham Group, Inc. (NASDAQ:SWIM) by 20.3% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,573 shares of the company’s stock after purchasing an additional 3,133 shares during the period. SG Americas Securities LLC’s holdings in Latham Group were worth $129,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Geode Capital Management LLC grew its stake in Latham Group by 2.1% in the third quarter. Geode Capital Management LLC now owns 971,731 shares of the company’s stock worth $6,609,000 after purchasing an additional 20,209 shares in the last quarter. State Street Corp raised its holdings in shares of Latham Group by 5.4% during the third quarter. State Street Corp now owns 789,974 shares of the company’s stock valued at $5,372,000 after buying an additional 40,764 shares during the last quarter. Roubaix Capital LLC raised its holdings in Latham Group by 70.9% during the third quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock worth $5,178,000 after purchasing an additional 315,889 shares in the last quarter. Empowered Funds LLC raised its holdings in Latham Group by 22.8% during the third quarter. Empowered Funds LLC now owns 358,927 shares of the company’s stock worth $2,441,000 after purchasing an additional 66,647 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Latham Group by 2.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 333,206 shares of the company’s stock worth $2,266,000 after purchasing an additional 7,502 shares in the last quarter. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.34, for a total transaction of $185,072.94. Following the sale, the chief executive officer now directly owns 480,829 shares of the company’s stock, valued at approximately $4,010,113.86. This represents a 4.41 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have issued reports on the stock. 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. Stifel Nicolaus boosted their price target on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a report on Wednesday, December 11th. Craig Hallum initiated 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 for the company. Finally, Robert W. Baird boosted their target price 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. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $6.65.

Latham Group Price Performance

Shares of Latham Group stock opened at $6.75 on Wednesday. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $780.44 million, a price-to-earnings ratio of 75.01 and a beta of 1.81. Latham Group, Inc. has a 1-year low of $2.38 and a 1-year high of $8.41. The firm’s 50-day moving average price is $6.97 and its two-hundred day moving average price is $6.39.

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.