Latham Group, Inc. (NASDAQ:SWIM) Stake Decreased by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in shares of Latham Group, Inc. (NASDAQ:SWIM) by 4.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,483,248 shares of the company’s stock after selling 118,085 shares during the period. Victory Capital Management Inc.’s holdings in Latham Group were worth $16,886,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in SWIM. Diversified Trust Co bought a new stake in shares of Latham Group during the second quarter valued at approximately $34,000. Public Employees Retirement System of Ohio grew its position in Latham Group by 69.2% in the first quarter. Public Employees Retirement System of Ohio now owns 10,967 shares of the company’s stock worth $43,000 after buying an additional 4,484 shares during the last quarter. Burns Matteson Capital Management LLC acquired a new position in Latham Group in the second quarter worth approximately $49,000. Ritholtz Wealth Management acquired a new position in Latham Group in the second quarter worth approximately $55,000. Finally, Lazard Asset Management LLC acquired a new position in Latham Group in the 1st quarter worth approximately $80,000. Institutional investors own 83.95% of the company’s stock.

Insiders Place Their Bets

In other news, COO Sanjeev Bahl sold 11,750 shares of the company’s stock in a transaction dated Monday, November 11th. The shares were sold at an average price of $5.90, for a total transaction of $69,325.00. Following the completion of the transaction, the chief operating officer now owns 262,811 shares of the company’s stock, valued at approximately $1,550,584.90. This represents a 4.28 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Scott Michael Rajeski sold 25,851 shares of the company’s stock in a transaction dated Monday, August 26th. The shares were sold at an average price of $6.54, for a total transaction of $169,065.54. Following the transaction, the chief executive officer now directly owns 490,829 shares of the company’s stock, valued at $3,210,021.66. This represents a 5.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 47,817 shares of company stock valued at $304,182 in the last quarter. Insiders own 7.60% of the company’s stock.

Latham Group Stock Down 0.2 %

Latham Group stock opened at $5.75 on Wednesday. The firm has a market cap of $664.84 million, a price-to-earnings ratio of 63.89 and a beta of 1.88. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. Latham Group, Inc. has a fifty-two week low of $2.11 and a fifty-two week high of $7.33. The firm has a fifty day moving average price of $6.46 and a two-hundred day moving average price of $4.92.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on SWIM shares. Stifel Nicolaus raised their price objective on shares of Latham Group from $6.80 to $7.00 and gave the stock a “buy” rating in a research note on Monday, September 16th. Robert W. Baird lifted their target price on shares of Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group lifted their price objective on shares of Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Finally, Barclays upped their price objective on shares of Latham Group from $3.00 to $6.00 and gave the stock an “equal weight” rating in a report on Monday, August 12th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. According to MarketBeat, Latham Group currently has a consensus rating of “Hold” and an average price target of $5.62.

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.