Latham Group (NASDAQ:SWIM) Sees Unusually-High Trading Volume - What's Next?

Latham Group, Inc. (NASDAQ:SWIM - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 625,292 shares changed hands during trading, an increase of 15% from the previous session's volume of 543,161 shares.The stock last traded at $6.61 and had previously closed at $6.99.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SWIM. Craig Hallum started coverage on shares of Latham Group in a research note on Monday, December 9th. They issued a "buy" rating and a $10.00 target price for the company. Robert W. Baird set a $8.50 price objective on shares of Latham Group in a report on Wednesday, March 5th. Finally, Stifel Nicolaus upped their target price on Latham Group from $7.70 to $8.80 and gave the company a "buy" rating in a research report on Wednesday, December 11th. One equities 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. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $7.66.

Latham Group Stock Performance

The firm's 50 day simple moving average is $6.77 and its 200 day simple moving average is $6.69. The firm has a market capitalization of $772.23 million, a price-to-earnings ratio of 74.12 and a beta of 1.84. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.60 and a current ratio of 2.44.

Insider Buying and Selling

In related news, major shareholder Wc Partners Executive Iv, L.P. sold 105,250 shares of Latham Group stock in a transaction that occurred on Friday, March 14th. The stock was sold at an average price of $6.54, for a total transaction of $688,335.00. Following the completion of the transaction, the insider now directly owns 332,818 shares in the company, valued at approximately $2,176,629.72. This trade represents a 24.03 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 8.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Latham Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. California State Teachers Retirement System boosted its holdings in Latham Group by 1,186.8% during the fourth quarter. California State Teachers Retirement System now owns 37,780 shares of the company's stock worth $263,000 after buying an additional 34,844 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new position in Latham Group in the 4th quarter worth about $521,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Latham Group during the fourth quarter worth approximately $117,000. State of Wyoming grew its holdings in Latham Group by 181.7% in the fourth quarter. State of Wyoming now owns 48,344 shares of the company's stock valued at $336,000 after purchasing an additional 31,185 shares during the period. Finally, Shay Capital LLC purchased a new stake in shares of Latham Group in the fourth quarter valued at approximately $270,000. Institutional investors and hedge funds own 83.95% of the company's stock.

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.