Shares of Latham Group, Inc. (NASDAQ:SWIM – Get Free Report) were down 3.2% during trading on Monday . The company traded as low as $7.01 and last traded at $7.06. Approximately 38,846 shares traded hands during trading, a decline of 93% from the average daily volume of 533,204 shares. The stock had previously closed at $7.29.
Analysts Set New Price Targets
SWIM has been the topic of several analyst reports. Stifel Nicolaus upped their price target on shares of Latham Group from $7.70 to $8.80 and gave the company a “buy” rating in a report 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 target price on the stock. Finally, Robert W. Baird set a $8.50 price target on Latham Group in a research note on Wednesday, March 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $7.66.
Check Out Our Latest Stock Analysis on Latham Group
Latham Group Price Performance
Hedge Funds Weigh In On Latham Group
Several institutional investors have recently made changes to their positions in the company. Principal Financial Group Inc. purchased a new position in Latham Group during the 3rd quarter valued at about $697,000. Empowered Funds LLC increased its holdings in Latham Group by 22.8% during the third quarter. Empowered Funds LLC now owns 358,927 shares of the company’s stock valued at $2,441,000 after buying an additional 66,647 shares during the period. Natixis Advisors LLC purchased a new stake in Latham Group during the third quarter worth $350,000. Thrivent Financial for Lutherans bought a new stake in Latham Group during the 3rd quarter valued at $635,000. Finally, Intech Investment Management LLC purchased a new position in shares of Latham Group in the 3rd quarter valued at $92,000. Hedge funds and other institutional investors 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.
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