BloombergSen Inc. Buys 31,185 Shares of Latham Group, Inc. (NASDAQ:SWIM)

BloombergSen Inc. grew its stake in shares of Latham Group, Inc. (NASDAQ:SWIM) by 64.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 79,745 shares of the company’s stock after buying an additional 31,185 shares during the quarter. Latham Group accounts for 0.0% of BloombergSen Inc.’s investment portfolio, making the stock its 26th biggest position. BloombergSen Inc.’s holdings in Latham Group were worth $542,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Empowered Funds LLC increased its stake in Latham Group by 8.2% in the first quarter. Empowered Funds LLC now owns 271,220 shares of the company’s stock valued at $1,074,000 after acquiring an additional 20,475 shares during the last quarter. Vanguard Group Inc. boosted its holdings in shares of Latham Group by 0.8% in the 1st quarter. Vanguard Group Inc. now owns 2,079,221 shares of the company’s stock worth $8,234,000 after purchasing an additional 17,259 shares in the last quarter. Roubaix Capital LLC bought a new position in shares of Latham Group during the 1st quarter valued at about $864,000. Lazard Asset Management LLC purchased a new position in shares of Latham Group during the 1st quarter valued at about $80,000. Finally, Public Employees Retirement System of Ohio lifted its position in Latham Group by 69.2% in the 1st 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. 83.95% of the stock is owned by institutional investors.

Insider Buying and Selling at Latham Group

In other news, CFO Oliver C. Gloe sold 10,216 shares of the stock in a transaction dated Thursday, October 31st. The shares were sold at an average price of $6.44, for a total transaction of $65,791.04. Following the completion of the sale, the chief financial officer now directly owns 282,706 shares in the company, valued at approximately $1,820,626.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, CEO Scott Michael Rajeski sold 25,851 shares of Latham Group stock in a transaction on Monday, August 26th. The shares were sold at an average price of $6.54, for a total value of $169,065.54. Following the sale, the chief executive officer now owns 490,829 shares in the company, valued at $3,210,021.66. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Oliver C. Gloe sold 10,216 shares of the company’s stock in a transaction on Thursday, October 31st. The stock was sold at an average price of $6.44, for a total transaction of $65,791.04. Following the completion of the transaction, the chief financial officer now owns 282,706 shares of the company’s stock, valued at $1,820,626.64. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 69,067 shares of company stock worth $435,827. 8.60% of the stock is currently owned by company insiders.

Latham Group Stock Performance

NASDAQ:SWIM opened at $6.08 on Friday. The company has a debt-to-equity ratio of 0.68, a quick ratio of 2.15 and a current ratio of 3.22. Latham Group, Inc. has a fifty-two week low of $2.09 and a fifty-two week high of $7.33. The firm has a market cap of $702.73 million, a PE ratio of 67.56 and a beta of 1.88. The business has a 50 day moving average price of $6.49 and a 200-day moving average price of $4.74.

Latham Group (NASDAQ:SWIM) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.12. The company had revenue of $160.12 million during the quarter, compared to analyst estimates of $156.00 million. Latham Group had a net margin of 2.23% and a return on equity of 2.86%. Equities research analysts predict that Latham Group, Inc. will post -0.03 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

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.