Latham Group, Inc. (NASDAQ:SWIM) Stock Position Increased by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC grew its position in Latham Group, Inc. (NASDAQ:SWIM) by 32.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 200,177 shares of the company’s stock after buying an additional 48,630 shares during the period. Los Angeles Capital Management LLC’s holdings in Latham Group were worth $1,361,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Diversified Trust Co bought a new position in shares of Latham Group in the second quarter worth $34,000. Public Employees Retirement System of Ohio increased its position in shares of Latham Group by 69.2% during the first quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock valued at $43,000 after purchasing an additional 4,484 shares during the period. Burns Matteson Capital Management LLC bought a new stake in Latham Group in the 2nd quarter valued at $49,000. Ritholtz Wealth Management acquired a new position in Latham Group in the second quarter worth about $55,000. Finally, Lazard Asset Management LLC acquired a new position in shares of Latham Group in the 1st quarter worth approximately $80,000. Institutional investors and hedge funds own 83.95% of the company’s stock.

Wall Street Analysts Forecast Growth

SWIM has been the subject of a number of research analyst reports. Robert W. Baird lifted their target price on shares of Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Stifel Nicolaus boosted their price target on shares of Latham Group from $6.80 to $7.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. 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 note on Monday, August 12th. Finally, The Goldman Sachs Group lifted their price target on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research report on Wednesday, November 6th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $5.62.

Insider Buying and Selling at Latham Group

In other news, CFO Oliver C. Gloe sold 10,216 shares of the company’s stock in a transaction that occurred on Thursday, October 31st. The stock was sold at an average price of $6.44, for a total transaction of $65,791.04. Following the transaction, the chief financial officer now directly owns 282,706 shares of the company’s stock, valued at $1,820,626.64. This represents a 3.49 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott Michael Rajeski sold 25,851 shares of the business’s stock in a transaction that occurred on 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 directly owns 490,829 shares of the company’s stock, valued at $3,210,021.66. This represents a 5.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 47,817 shares of company stock valued at $304,182. 8.60% of the stock is currently owned by insiders.

Latham Group Price Performance

SWIM stock opened at $5.85 on Friday. The company has a market capitalization of $676.38 million, a P/E ratio of 65.01 and a beta of 1.88. Latham Group, Inc. has a 52-week low of $2.11 and a 52-week high of $7.33. The company has a fifty day moving average price of $6.46 and a 200-day moving average price of $4.83. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44.

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.