Summit Securities Group LLC Makes New $33,000 Investment in Latham Group, Inc. (NASDAQ:SWIM)

Summit Securities Group LLC purchased a new stake in Latham Group, Inc. (NASDAQ:SWIM) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,740 shares of the company’s stock, valued at approximately $33,000.

Several other institutional investors and hedge funds also recently made changes to their positions in SWIM. LPL Financial LLC lifted its position in Latham Group by 12.0% in the 4th quarter. LPL Financial LLC now owns 15,954 shares of the company’s stock valued at $111,000 after acquiring an additional 1,713 shares in the last quarter. Olympiad Research LP raised its stake in shares of Latham Group by 8.0% in the 4th quarter. Olympiad Research LP now owns 25,418 shares of the company’s stock valued at $177,000 after purchasing an additional 1,889 shares during the period. Rhumbline Advisers lifted its holdings in shares of Latham Group by 4.8% in the fourth quarter. Rhumbline Advisers now owns 64,502 shares of the company’s stock valued at $449,000 after purchasing an additional 2,942 shares in the last quarter. FMR LLC boosted its position in shares of Latham Group by 75.9% during the third quarter. FMR LLC now owns 7,239 shares of the company’s stock worth $49,000 after buying an additional 3,123 shares during the period. Finally, SG Americas Securities LLC boosted its position in shares of Latham Group by 20.3% during the fourth quarter. SG Americas Securities LLC now owns 18,573 shares of the company’s stock worth $129,000 after buying an additional 3,133 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

Analyst Upgrades and Downgrades

SWIM has been the topic of several research reports. Stifel Nicolaus boosted their target price on Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Robert W. Baird set a $8.50 price objective on shares of Latham Group in a report on Wednesday, March 5th. Finally, Craig Hallum started coverage on shares of Latham Group in a report on Monday, December 9th. They set a “buy” rating and a $10.00 target price for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Latham Group has a consensus rating of “Hold” and an average target price of $7.66.

Latham Group Stock Down 8.0 %

SWIM stock opened at $6.43 on Monday. Latham Group, Inc. has a twelve month low of $2.38 and a twelve month high of $8.41. The company has a market cap of $744.45 million, a price-to-earnings ratio of 71.45 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 business has a 50 day moving average price of $6.77 and a two-hundred day moving average price of $6.69.

Insider Activity

In other news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of the company’s stock in a transaction dated Friday, March 14th. The shares were sold at an average price of $6.54, for a total value of $688,335.00. Following the sale, the insider now directly owns 332,818 shares of the company’s stock, valued at approximately $2,176,629.72. This represents a 24.03 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is currently owned by insiders.

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.