Latham Group (NASDAQ:SWIM) Trading Down 4.1%

Latham Group, Inc. (NASDAQ:SWIM)’s stock price was down 4.1% during mid-day trading on Wednesday . The company traded as low as $5.63 and last traded at $5.67. Approximately 396,497 shares traded hands during trading, a decline of 1% from the average daily volume of 400,954 shares. The stock had previously closed at $5.91.

Analyst Ratings Changes

A number of research analysts have recently issued reports on SWIM shares. Barclays increased their target price on Latham Group from $3.00 to $6.00 and gave the company an “equal weight” rating in a research report on Monday, August 12th. Stifel Nicolaus increased their target price on Latham Group from $4.75 to $6.80 and gave the company a “buy” rating in a research report on Friday, August 30th. Finally, Robert W. Baird increased their target price on Latham Group from $5.00 to $5.50 and gave the company an “outperform” rating in a research report on Wednesday, August 7th.

Latham Group Trading Down 1.7 %

The company has a 50 day moving average of $4.31 and a 200 day moving average of $3.72. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.15 and a current ratio of 3.22. The stock has a market capitalization of $653.03 million, a price-to-earnings ratio of 191.67 and a beta of 1.86.

Latham Group (NASDAQ:SWIM) last posted its quarterly earnings data on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of ($0.01) by $0.12. Latham Group had a return on equity of 2.93% and a net margin of 2.24%. The firm had revenue of $160.12 million during the quarter, compared to the consensus estimate of $156.00 million. On average, research analysts predict that Latham Group, Inc. will post -0.03 EPS for the current fiscal year.

Insider Activity at Latham Group

In related news, VP Suraj Kunchala sold 10,139 shares of the stock in a transaction on Friday, August 9th. The stock was sold at an average price of $5.06, for a total value of $51,303.34. Following the completion of the transaction, the vice president now directly owns 38,748 shares of the company’s stock, valued at approximately $196,064.88. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Latham Group news, VP Suraj Kunchala sold 10,139 shares of the firm’s stock in a transaction on Friday, August 9th. The stock was sold at an average price of $5.06, for a total value of $51,303.34. Following the completion of the sale, the vice president now directly owns 38,748 shares of the company’s stock, valued at approximately $196,064.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Scott Michael Rajeski sold 33,000 shares of the firm’s stock in a transaction on Friday, August 16th. The stock was sold at an average price of $6.09, for a total value of $200,970.00. Following the completion of the sale, the chief executive officer now directly owns 516,680 shares of the company’s stock, valued at $3,146,581.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 72,932 shares of company stock valued at $441,364. 8.60% of the stock is owned by insiders.

Institutional Trading of Latham Group

A number of hedge funds and other institutional investors have recently modified their holdings of SWIM. Victory Capital Management Inc. increased its position in shares of Latham Group by 23.3% during the 4th quarter. Victory Capital Management Inc. now owns 2,462,645 shares of the company’s stock worth $6,477,000 after purchasing an additional 465,530 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Latham Group by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock worth $8,234,000 after purchasing an additional 17,259 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Latham Group by 21.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,342,142 shares of the company’s stock worth $4,067,000 after purchasing an additional 234,930 shares during the last quarter. Natixis Advisors L.P. increased its position in shares of Latham Group by 50.1% during the 4th quarter. Natixis Advisors L.P. now owns 877,079 shares of the company’s stock worth $2,306,000 after purchasing an additional 292,885 shares during the last quarter. Finally, Renaissance Technologies LLC increased its position in shares of Latham Group by 11.2% during the 2nd quarter. Renaissance Technologies LLC now owns 690,856 shares of the company’s stock worth $2,093,000 after purchasing an additional 69,356 shares during the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

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.