Latham Group, Inc. (NASDAQ:SWIM) CEO Scott Michael Rajeski Sells 22,191 Shares

Latham Group, Inc. (NASDAQ:SWIM) CEO Scott Michael Rajeski sold 22,191 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total value of $185,072.94. Following the completion of the sale, the chief executive officer now owns 480,829 shares of the company’s stock, valued at approximately $4,010,113.86. This trade represents a 4.41 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Latham Group Trading Down 7.5 %

Shares of NASDAQ SWIM opened at $7.72 on Friday. The stock has a market cap of $892.59 million, a price-to-earnings ratio of 85.79 and a beta of 1.84. 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’s fifty day moving average is $6.58 and its 200-day moving average is $5.27. Latham Group, Inc. has a twelve month low of $2.11 and a twelve month high of $8.41.

Institutional Trading of Latham Group

Several hedge funds have recently bought and sold shares of SWIM. Diversified Trust Co bought a new stake in Latham Group in the 2nd quarter valued at approximately $34,000. FMR LLC lifted its holdings in Latham Group by 75.9% during the 3rd quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after purchasing an additional 3,123 shares during the last quarter. Quarry LP acquired a new position in shares of Latham Group in the third quarter valued at about $53,000. Ritholtz Wealth Management acquired a new stake in Latham Group during the second quarter worth approximately $55,000. Finally, Quadrature Capital Ltd acquired a new position in Latham Group in the third quarter valued at about $72,000. 83.95% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

SWIM has been the subject of a number of research analyst reports. Craig Hallum assumed coverage on shares of Latham Group in a research report on Monday. They set a “buy” rating and a $10.00 target price for 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. Robert W. Baird raised 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 increased their price objective on Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research report on Wednesday. Two analysts have rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target 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.