Fmr LLC Buys 3,123 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Fmr LLC lifted its stake in shares of Latham Group, Inc. (NASDAQ:SWIM) by 75.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,239 shares of the company’s stock after buying an additional 3,123 shares during the period. Fmr LLC’s holdings in Latham Group were worth $49,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of SWIM. Principal Financial Group Inc. bought a new stake in shares of Latham Group in the 3rd quarter worth $697,000. Thrivent Financial for Lutherans purchased a new stake in Latham Group in the 3rd quarter valued at about $635,000. Roubaix Capital LLC lifted its position in shares of Latham Group by 70.9% during the 3rd quarter. Roubaix Capital LLC now owns 761,541 shares of the company’s stock worth $5,178,000 after buying an additional 315,889 shares in the last quarter. American Century Companies Inc. boosted its stake in shares of Latham Group by 103.7% in the 2nd quarter. American Century Companies Inc. now owns 418,708 shares of the company’s stock worth $1,269,000 after buying an additional 213,128 shares during the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Latham Group in the third quarter valued at approximately $92,000. Institutional investors own 83.95% of the company’s stock.

Insider Buying and Selling

In other news, CFO Oliver C. Gloe sold 10,216 shares of the company’s stock in a transaction dated Thursday, October 31st. The stock was sold at an average price of $6.44, for a total transaction of $65,791.04. Following the sale, the chief financial officer now directly owns 282,706 shares in the company, valued at $1,820,626.64. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, COO Sanjeev Bahl sold 11,750 shares of the firm’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,550,584.90. This trade represents a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,157 shares of company stock valued at $320,189. Company insiders own 8.60% of the company’s stock.

Latham Group Price Performance

SWIM opened at $6.95 on Wednesday. The firm has a 50-day moving average price of $6.64 and a 200-day moving average price of $5.47. Latham Group, Inc. has a twelve month low of $2.11 and a twelve month high of $8.41. The company has a quick ratio of 1.60, a current ratio of 2.44 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $803.59 million, a price-to-earnings ratio of 77.23 and a beta of 1.84.

Analyst Ratings Changes

Several research analysts have weighed in on the company. The Goldman Sachs Group boosted their price objective on Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Stifel Nicolaus boosted their price target on shares of Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a report on Wednesday, December 11th. Robert W. Baird raised their price objective on shares of Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Craig Hallum assumed coverage on shares of Latham Group in a research note on Monday, December 9th. They issued a “buy” rating and a $10.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $6.65.

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.