Latham Group, Inc. (NASDAQ:SWIM) Receives Average Recommendation of “Hold” from Brokerages

Latham Group, Inc. (NASDAQ:SWIM) has been assigned a consensus rating of “Hold” from the six analysts that are covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have covered the stock in the last year is $6.65.

Several analysts have commented on SWIM shares. Stifel Nicolaus upped their price objective on Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Craig Hallum started coverage on Latham Group in a research note on Monday, December 9th. They set a “buy” rating and a $10.00 price objective for the company. Robert W. Baird upped their price objective on Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, The Goldman Sachs Group upped their price objective on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th.

Latham Group Stock Down 3.0 %

Latham Group stock opened at $6.36 on Friday. Latham Group has a fifty-two week low of $2.38 and a fifty-two 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 capitalization of $735.38 million, a P/E ratio of 70.67 and a beta of 1.81. The stock has a 50-day simple moving average of $6.87 and a 200-day simple moving average of $6.52.

Insider Transactions at Latham Group

In other news, CEO Scott Michael Rajeski sold 22,191 shares of the stock in a transaction that occurred on 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 transaction, 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 position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 8.60% of the company’s stock.

Hedge Funds Weigh In On Latham Group

Large investors have recently modified their holdings of the business. SG Americas Securities LLC acquired a new stake in shares of Latham Group in the 3rd quarter worth approximately $105,000. Roubaix Capital LLC grew its holdings in shares of Latham Group by 70.9% in the 3rd quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock worth $5,178,000 after acquiring an additional 315,889 shares during the period. Olympiad Research LP acquired a new stake in shares of Latham Group in the 3rd quarter worth approximately $160,000. Principal Financial Group Inc. acquired a new stake in shares of Latham Group in the 3rd quarter worth approximately $697,000. Finally, BloombergSen Inc. grew its holdings in shares of Latham Group by 64.2% in the 3rd quarter. BloombergSen Inc. now owns 79,745 shares of the company’s stock worth $542,000 after acquiring an additional 31,185 shares during the period. 83.95% of the stock is owned by hedge funds and other institutional investors.

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.