Walleye Capital LLC Takes $268,000 Position in Latham Group, Inc. (NASDAQ:SWIM)

Walleye Capital LLC acquired a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 39,353 shares of the company’s stock, valued at approximately $268,000.

Other large investors also recently added to or reduced their stakes in the company. Diversified Trust Co purchased a new stake in shares of Latham Group in the second quarter valued at approximately $34,000. FMR LLC boosted its stake in shares of 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 acquiring an additional 3,123 shares in the last quarter. Ritholtz Wealth Management acquired a new stake in Latham Group in the 2nd quarter worth about $55,000. Cubist Systematic Strategies LLC boosted its holdings in Latham Group by 71.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 27,923 shares of the company’s stock worth $85,000 after buying an additional 11,601 shares during the last quarter. Finally, Intech Investment Management LLC acquired a new position in shares of Latham Group during the 3rd quarter worth approximately $92,000. 83.95% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on SWIM. The Goldman Sachs Group lifted their price target on shares of Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research report on Wednesday, November 6th. Stifel Nicolaus boosted their target price on shares of Latham Group from $7.00 to $7.70 and gave the stock a “buy” rating in a research note on Monday, November 25th. Craig Hallum began coverage on shares of Latham Group in a research note on Monday. They issued a “buy” rating and a $10.00 price objective for the company. Finally, Robert W. Baird increased their target price on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $6.47.

Insider Activity

In other Latham Group news, CFO Oliver C. Gloe sold 10,216 shares of Latham Group stock in a transaction on Thursday, October 31st. The shares were sold at an average price of $6.44, for a total value of $65,791.04. Following the transaction, the chief financial officer now owns 282,706 shares in the company, valued at $1,820,626.64. This trade represents a 3.49 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, COO Sanjeev Bahl sold 11,750 shares of Latham Group stock in a transaction on Monday, November 11th. The shares were sold at an average price of $5.90, for a total transaction of $69,325.00. Following the completion of the transaction, the chief operating officer now owns 262,811 shares in the company, valued at approximately $1,550,584.90. This trade represents a 4.28 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 7.60% of the company’s stock.

Latham Group Trading Up 10.4 %

Shares of Latham Group stock opened at $7.84 on Wednesday. Latham Group, Inc. has a 12-month low of $2.11 and a 12-month high of $7.92. 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 cap of $906.50 million, a PE ratio of 87.11 and a beta of 1.84. The company has a 50-day moving average of $6.52 and a two-hundred day moving average of $5.24.

Latham Group 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.