Latham Group, Inc. (NASDAQ:SWIM) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. boosted its position in Latham Group, Inc. (NASDAQ:SWIM) by 2.3% in the 3rd quarter, Holdings Channel reports. The firm owned 333,206 shares of the company’s stock after acquiring an additional 7,502 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Latham Group were worth $2,266,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Ritholtz Wealth Management acquired a new position in Latham Group in the 2nd quarter valued at $55,000. Cubist Systematic Strategies LLC raised its stake in Latham Group by 71.1% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 27,923 shares of the company’s stock valued at $85,000 after purchasing an additional 11,601 shares during the last quarter. Intech Investment Management LLC acquired a new position in Latham Group in the 3rd quarter valued at $92,000. SG Americas Securities LLC acquired a new position in Latham Group in the 3rd quarter valued at $105,000. Finally, BloombergSen Inc. raised its stake in Latham Group by 24.3% in the 2nd quarter. BloombergSen Inc. now owns 48,560 shares of the company’s stock valued at $147,000 after purchasing an additional 9,506 shares during the last quarter. 83.95% of the stock is owned by institutional investors and hedge funds.

Latham Group Stock Performance

NASDAQ SWIM opened at $7.53 on Monday. The stock has a market cap of $870.62 million, a PE ratio of 83.68 and a beta of 1.84. 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 $2.11 and a twelve month high of $8.41. The stock has a fifty day simple moving average of $6.59 and a 200-day simple moving average of $5.32.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CEO Scott Michael Rajeski sold 22,191 shares of the stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total transaction of $185,072.94. Following the transaction, the chief executive officer now owns 480,829 shares of the company’s stock, valued at approximately $4,010,113.86. This represents a 4.41 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Oliver C. Gloe sold 10,216 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $6.44, for a total value of $65,791.04. Following the completion of 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 position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,157 shares of company stock valued at $320,189. Corporate insiders own 8.60% of the company’s stock.

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.