Latham Group (NASDAQ:SWIM) Shares Down 7.1% – What’s Next?

Latham Group, Inc. (NASDAQ:SWIM)’s stock price traded down 7.1% during trading on Friday . The stock traded as low as $4.76 and last traded at $4.67. 129,719 shares traded hands during trading, a decline of 77% from the average session volume of 572,565 shares. The stock had previously closed at $5.02.

Analyst Ratings Changes

Separately, Robert W. Baird set a $8.50 target price on shares of Latham Group in a report on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $7.66.

Latham Group Trading Down 0.2 %

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 stock has a 50-day moving average price of $6.41 and a 200-day moving average price of $6.62. The stock has a market cap of $580.04 million, a P/E ratio of 55.67 and a beta of 1.70.

Insider Buying and Selling at Latham Group

In other Latham Group news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the firm’s stock in a transaction dated Friday, March 14th. The stock was sold at an average price of $6.54, for a total transaction of $688,335.00. Following the sale, the insider now owns 332,818 shares in the company, valued at $2,176,629.72. This trade represents a 24.03 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 8.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Latham Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Wynnchurch Capital Partners IV L.P. bought a new stake in Latham Group in the 4th quarter worth approximately $104,287,000. Principal Financial Group Inc. purchased a new position in shares of Latham Group during the third quarter worth approximately $697,000. Barclays PLC raised its stake 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 in the last quarter. ABS Direct Equity Fund LLC lifted its holdings in shares of Latham Group by 33.3% in the 4th quarter. ABS Direct Equity Fund LLC now owns 200,000 shares of the company’s stock worth $1,392,000 after acquiring an additional 50,000 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Latham Group by 2.1% in the 3rd 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 in the last quarter. 83.95% of the stock is currently owned by hedge funds and other institutional investors.

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.