Calamos Advisors LLC Purchases New Holdings in Latham Group, Inc. (NASDAQ:SWIM)

Calamos Advisors LLC purchased a new stake in Latham Group, Inc. (NASDAQ:SWIM - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 60,528 shares of the company's stock, valued at approximately $421,000. Calamos Advisors LLC owned 0.05% of Latham Group at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. FMR LLC lifted its stake in Latham Group by 75.9% in the 3rd quarter. FMR LLC now owns 7,239 shares of the company's stock valued at $49,000 after purchasing an additional 3,123 shares during the last quarter. Quarry LP bought a new stake in Latham Group in the third quarter valued at $53,000. Quadrature Capital Ltd acquired a new position in shares of Latham Group during the third quarter valued at about $72,000. Cubist Systematic Strategies LLC grew its stake in Latham Group by 71.1% in the second quarter. Cubist Systematic Strategies LLC now owns 27,923 shares of the company's stock valued at $85,000 after acquiring an additional 11,601 shares during the period. Finally, Voya Financial Advisors Inc. bought a new stake in Latham Group during the 3rd quarter valued at $89,000. 83.95% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CEO Scott Michael Rajeski sold 22,191 shares of the business's stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $8.34, for a total value of $185,072.94. Following the completion of the sale, the chief executive officer now owns 480,829 shares in the company, valued at $4,010,113.86. The trade was a 4.41 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Sanjeev Bahl sold 11,750 shares of the stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $5.90, for a total transaction of $69,325.00. Following the transaction, the chief operating officer now owns 262,811 shares in the company, valued at $1,550,584.90. The trade was a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 8.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Robert W. Baird boosted their price objective on Latham Group from $5.50 to $7.50 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. The Goldman Sachs Group increased their price target on Latham Group from $3.00 to $5.00 and gave the stock a "sell" rating in a research note on Wednesday, November 6th. Craig Hallum assumed coverage on Latham Group in a research note on Monday, December 9th. They issued a "buy" rating and a $10.00 price objective on the stock. Finally, Stifel Nicolaus increased their target price on shares of Latham Group from $7.70 to $8.80 and gave the stock a "buy" rating in a research report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Latham Group presently has a consensus rating of "Hold" and a consensus price target of $6.65.

Latham Group Price Performance

Shares of NASDAQ SWIM traded down $0.43 during midday trading on Friday, hitting $6.62. 486,938 shares of the company's stock were exchanged, compared to its average volume of 427,508. 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 business's fifty day moving average price is $6.97 and its two-hundred day moving average price is $6.32. The company has a market cap of $765.40 million, a price-to-earnings ratio of 73.56 and a beta of 1.81. Latham Group, Inc. has a 12-month low of $2.38 and a 12-month high of $8.41.

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.