Olympiad Research LP Purchases 1,889 Shares of Latham Group, Inc. (NASDAQ:SWIM)

Olympiad Research LP lifted its position in shares of Latham Group, Inc. (NASDAQ:SWIM) by 8.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,418 shares of the company’s stock after acquiring an additional 1,889 shares during the quarter. Olympiad Research LP’s holdings in Latham Group were worth $177,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. bought a new stake in shares of Latham Group during the third quarter worth $697,000. Barclays PLC raised its position in shares of Latham Group by 294.8% during the third quarter. Barclays PLC now owns 54,720 shares of the company’s stock worth $372,000 after acquiring an additional 40,860 shares during the last quarter. ABS Direct Equity Fund LLC increased its holdings in Latham Group by 33.3% in the fourth quarter. ABS Direct Equity Fund LLC now owns 200,000 shares of the company’s stock valued at $1,392,000 after purchasing an additional 50,000 shares during the last quarter. Thrivent Financial for Lutherans bought a new stake in Latham Group in the third quarter valued at about $635,000. Finally, Geode Capital Management LLC increased its holdings in Latham Group by 2.1% in the third quarter. Geode Capital Management LLC now owns 971,731 shares of the company’s stock valued at $6,609,000 after purchasing an additional 20,209 shares during the last quarter. Institutional investors own 83.95% of the company’s stock.

Latham Group Stock Down 3.0 %

NASDAQ:SWIM opened at $6.36 on Monday. Latham Group, Inc. has a 1 year low of $2.38 and a 1 year high of $8.41. The company has a current ratio of 2.44, a quick ratio of 1.60 and a debt-to-equity ratio of 0.67. The stock has a market cap of $735.34 million, a price-to-earnings ratio of 70.67 and a beta of 1.81. The stock has a 50-day moving average price of $6.87 and a two-hundred day moving average price of $6.56.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SWIM. The Goldman Sachs Group upped their price objective on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a report on Wednesday, November 6th. Robert W. Baird upped their price objective on Latham Group from $5.50 to $7.50 and gave the company an “outperform” 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 company a “buy” rating in a report on Wednesday, December 11th. Finally, Craig Hallum began coverage on Latham Group in a report on Monday, December 9th. They issued 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 assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, Latham Group currently has a consensus rating of “Hold” and a consensus price target of $6.65.

Insider Buying and Selling at Latham Group

In other news, CEO Scott Michael Rajeski sold 22,191 shares of the company’s 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 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.