Summit Securities Group LLC Purchases Shares of 4,740 Latham Group, Inc. (NASDAQ:SWIM)

Summit Securities Group LLC acquired a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,740 shares of the company’s stock, valued at approximately $33,000.

Several other hedge funds also recently modified their holdings of SWIM. LPL Financial LLC grew its position in Latham Group by 12.0% during the 4th quarter. LPL Financial LLC now owns 15,954 shares of the company’s stock worth $111,000 after acquiring an additional 1,713 shares during the last quarter. Olympiad Research LP increased its stake in shares of Latham Group by 8.0% in the fourth quarter. Olympiad Research LP now owns 25,418 shares of the company’s stock valued at $177,000 after buying an additional 1,889 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of Latham Group by 4.8% in the fourth 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 lifted its position in Latham Group by 75.9% during the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after buying an additional 3,123 shares in the last quarter. Finally, SG Americas Securities LLC grew its holdings in Latham Group by 20.3% during the 4th quarter. SG Americas Securities LLC now owns 18,573 shares of the company’s stock worth $129,000 after acquiring an additional 3,133 shares during the last quarter. Institutional investors and hedge funds own 83.95% of the company’s stock.

Latham Group Stock Down 8.0 %

Shares of NASDAQ SWIM opened at $6.43 on Monday. 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 firm has a market capitalization of $744.45 million, a PE ratio of 71.45 and a beta of 1.84. The firm’s 50-day moving average is $6.77 and its 200-day moving average is $6.69. Latham Group, Inc. has a 1 year low of $2.38 and a 1 year high of $8.41.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the stock. Stifel Nicolaus boosted their target price on shares of Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Craig Hallum initiated coverage on shares of Latham Group in a research report on Monday, December 9th. They issued a “buy” rating and a $10.00 price objective for the company. Finally, Robert W. Baird set a $8.50 price objective on Latham Group in a research report on Wednesday, March 5th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $7.66.

Insider Buying and Selling at Latham Group

In other Latham Group news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $6.54, for a total value of $688,335.00. Following the transaction, the insider now owns 332,818 shares of the company’s stock, valued at approximately $2,176,629.72. This represents a 24.03 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 8.60% of the company’s stock.

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.