Latham Group, Inc. (NASDAQ:SWIM) Shares Bought by SG Americas Securities LLC

SG Americas Securities LLC raised its holdings in Latham Group, Inc. (NASDAQ:SWIM) by 20.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 18,573 shares of the company’s stock after acquiring an additional 3,133 shares during the period. SG Americas Securities LLC’s holdings in Latham Group were worth $129,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. FMR LLC raised its holdings in Latham Group by 75.9% in the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock valued at $49,000 after acquiring an additional 3,123 shares during the last quarter. Quarry LP acquired a new stake in shares of Latham Group during the 3rd quarter worth $53,000. Quadrature Capital Ltd acquired a new stake in shares of Latham Group during the 3rd quarter worth $72,000. Cubist Systematic Strategies LLC increased its holdings in shares of Latham Group by 71.1% during 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, Voya Financial Advisors Inc. acquired a new stake in shares of Latham Group during the 3rd quarter worth $89,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Latham Group Stock Up 3.2 %

Shares of Latham Group stock opened at $6.75 on Wednesday. The company has a fifty day moving average price of $6.97 and a 200 day moving average price of $6.39. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. Latham Group, Inc. has a twelve month low of $2.38 and a twelve month high of $8.41. The stock has a market cap of $780.44 million, a price-to-earnings ratio of 75.01 and a beta of 1.81.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. The Goldman Sachs Group upped their price objective on Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a report on Wednesday, November 6th. Stifel Nicolaus upped their price objective on 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 upped their price objective on 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 started coverage on Latham Group in a report on Monday, December 9th. They set a “buy” rating and a $10.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $6.65.

Insider Buying and Selling

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.34, for a total value of $185,072.94. Following the completion of the transaction, the chief executive officer now directly owns 480,829 shares of the company’s stock, valued at $4,010,113.86. This represents a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 8.60% of the stock is owned by corporate insiders.

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.