Latham Group, Inc. (NASDAQ:SWIM) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its position in shares of Latham Group, Inc. (NASDAQ:SWIM) by 9.4% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,601,333 shares of the company’s stock after selling 270,251 shares during the period. Victory Capital Management Inc. owned about 2.25% of Latham Group worth $7,882,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Panagora Asset Management Inc. lifted its position in shares of Latham Group by 1.6% during the second quarter. Panagora Asset Management Inc. now owns 197,072 shares of the company’s stock worth $597,000 after purchasing an additional 3,161 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Latham Group by 2.2% during the 2nd quarter. Bank of New York Mellon Corp now owns 177,134 shares of the company’s stock worth $537,000 after acquiring an additional 3,837 shares during the period. Public Employees Retirement System of Ohio grew its position in Latham Group by 69.2% in the 1st quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock valued at $43,000 after buying an additional 4,484 shares in the last quarter. BloombergSen Inc. boosted its holdings in shares of Latham Group by 24.3% in the second quarter. BloombergSen Inc. now owns 48,560 shares of the company’s stock valued at $147,000 after acquiring an additional 9,506 shares in the last quarter. Finally, Diversified Trust Co acquired a new position in shares of Latham Group during the 2nd quarter valued at $34,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Insiders Place Their Bets

In other Latham Group news, CEO Scott Michael Rajeski sold 25,851 shares of Latham Group stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $6.54, for a total value of $169,065.54. Following the sale, the chief executive officer now owns 490,829 shares of the company’s stock, valued at approximately $3,210,021.66. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CEO Scott Michael Rajeski sold 25,851 shares of Latham Group stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $6.54, for a total value of $169,065.54. Following the completion of the transaction, the chief executive officer now owns 490,829 shares of the company’s stock, valued at approximately $3,210,021.66. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Suraj Kunchala sold 10,139 shares of the firm’s stock in a transaction on Friday, August 9th. The shares were sold at an average price of $5.06, for a total value of $51,303.34. Following the sale, the vice president now directly owns 38,748 shares of the company’s stock, valued at approximately $196,064.88. The disclosure for this sale can be found here. Over the last three months, insiders have sold 72,932 shares of company stock worth $441,364. Company insiders own 8.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Barclays increased their target price on shares of Latham Group from $3.00 to $6.00 and gave the company an “equal weight” rating in a research note on Monday, August 12th. Stifel Nicolaus increased their price target on shares of Latham Group from $4.75 to $6.80 and gave the stock a “buy” rating in a research report on Friday, August 30th. Finally, Robert W. Baird lifted their price objective 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 Up 1.3 %

Shares of SWIM opened at $6.25 on Monday. The company has a current ratio of 3.22, a quick ratio of 2.15 and a debt-to-equity ratio of 0.68. The stock has a 50 day simple moving average of $4.69 and a 200-day simple moving average of $3.87. Latham Group, Inc. has a 1 year low of $2.04 and a 1 year high of $6.68. The stock has a market cap of $722.33 million, a PE ratio of 208.33 and a beta of 1.87.

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

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.