Latham Group, Inc. (NASDAQ:SWIM) Receives Consensus Rating of “Hold” from Brokerages

Shares of Latham Group, Inc. (NASDAQ:SWIM) have been assigned an average rating of “Hold” from the six analysts that are covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $6.65.

A number of equities analysts recently commented on SWIM shares. Craig Hallum started coverage on shares of Latham Group in a research note on Monday, December 9th. They issued a “buy” rating and a $10.00 price objective for the company. The Goldman Sachs Group raised their price objective on shares of Latham Group from $3.00 to $5.00 and gave the stock a “sell” rating in a research note on Wednesday, November 6th. Stifel Nicolaus raised their price objective on shares of Latham Group from $7.70 to $8.80 and gave the stock a “buy” rating in a research note on Wednesday, December 11th. Finally, 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 research note on Wednesday, November 6th.

Latham Group Trading Up 0.5 %

Latham Group stock opened at $5.91 on Friday. The company has a 50 day moving average price of $6.75 and a 200 day moving average price of $6.57. Latham Group has a 52 week low of $2.38 and a 52 week high of $8.41. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44. The firm has a market capitalization of $683.34 million, a price-to-earnings ratio of 65.67 and a beta of 1.81.

Insiders Place Their Bets

In other news, CEO Scott Michael Rajeski sold 22,191 shares of the firm’s stock in a transaction on Wednesday, December 11th. The shares were 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 in the company, valued at approximately $4,010,113.86. This trade represents a 4.41 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of SWIM. Pamplona Capital Management LLC bought a new position in shares of Latham Group during the 4th quarter valued at $360,846,000. Wynnchurch Capital Partners IV L.P. bought a new position in shares of Latham Group during the 4th quarter valued at $104,287,000. Wasatch Advisors LP bought a new position in shares of Latham Group during the 4th quarter valued at $17,408,000. Driehaus Capital Management LLC bought a new position in shares of Latham Group during the 4th quarter valued at $10,221,000. Finally, Voss Capital LP raised its holdings in shares of Latham Group by 29.1% during the 4th quarter. Voss Capital LP now owns 5,164,178 shares of the company’s stock valued at $35,943,000 after purchasing an additional 1,163,329 shares in the last quarter. Institutional investors own 83.95% of the company’s stock.

Latham Group Company 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.