62,789 Shares in Latham Group, Inc. (NASDAQ:SWIM) Bought by Franklin Resources Inc.

Franklin Resources Inc. purchased a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 62,789 shares of the company’s stock, valued at approximately $438,000. Franklin Resources Inc. owned approximately 0.05% of Latham Group as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of SWIM. FMR LLC raised its position in shares of Latham Group by 75.9% in the third quarter. FMR LLC now owns 7,239 shares of the company’s stock valued at $49,000 after buying an additional 3,123 shares during the last quarter. Quarry LP purchased a new stake in Latham Group in the 3rd quarter worth approximately $53,000. Ritholtz Wealth Management acquired a new position in Latham Group in the 2nd quarter valued at $55,000. Quadrature Capital Ltd purchased a new position in shares of Latham Group during the 3rd quarter worth $72,000. Finally, Cubist Systematic Strategies LLC lifted its stake in shares of Latham Group by 71.1% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 27,923 shares of the company’s stock worth $85,000 after purchasing an additional 11,601 shares during the period. 83.95% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Latham Group

In other Latham Group news, 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 value of $65,791.04. Following the transaction, the chief financial officer now owns 282,706 shares of the company’s stock, valued at approximately $1,820,626.64. This represents a 3.49 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Scott Michael Rajeski sold 22,191 shares of the company’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $8.34, for a total transaction of $185,072.94. Following the sale, the chief executive officer now directly owns 480,829 shares of the company’s stock, valued at $4,010,113.86. This represents a 4.41 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 44,157 shares of company stock valued at $320,189. 8.60% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

SWIM has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price objective on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a research note on Wednesday, December 11th. Craig Hallum initiated coverage on Latham Group in a research note on Monday, December 9th. They set a “buy” rating and a $10.00 price objective for the company. Robert W. Baird lifted their target price on Latham Group from $5.50 to $7.50 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, The Goldman Sachs Group lifted their target price on Latham Group from $3.00 to $5.00 and gave the company a “sell” rating in a research note on Wednesday, November 6th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $6.65.

Latham Group Trading Up 2.2 %

Latham Group stock opened at $6.96 on Wednesday. Latham Group, Inc. has a 12-month low of $2.11 and a 12-month high of $8.41. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.44 and a quick ratio of 1.60. The stock has a market capitalization of $804.75 million, a PE ratio of 77.34 and a beta of 1.84. The firm has a 50 day simple moving average of $6.64 and a 200-day simple moving average of $5.58.

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.