Latham Group, Inc. (NASDAQ:SWIM – Get Free Report) shares were down 3.2% on Monday . The stock traded as low as $7.01 and last traded at $7.06. Approximately 38,846 shares were traded during trading, a decline of 93% from the average daily volume of 533,204 shares. The stock had previously closed at $7.29.
Analyst Upgrades and Downgrades
A number of research analysts have recently issued reports on SWIM shares. Craig Hallum started coverage on Latham Group in a report on Monday, December 9th. They set a “buy” rating and a $10.00 price target on the stock. Stifel Nicolaus upped their target price 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. Finally, Robert W. Baird set a $8.50 price target on shares of Latham Group in a research note on Wednesday, March 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $7.66.
Check Out Our Latest Report on Latham Group
Latham Group Stock Down 6.1 %
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the company. Summit Securities Group LLC purchased a new position in shares of Latham Group in the fourth quarter worth $33,000. BNP Paribas Financial Markets bought a new stake in shares of Latham Group in the fourth quarter worth about $42,000. FMR LLC lifted 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 worth $49,000 after buying an additional 3,123 shares in the last quarter. Quarry LP bought a new position in Latham Group during the third quarter valued at approximately $53,000. Finally, Quadrature Capital Ltd purchased a new position in Latham Group during the 3rd quarter valued at approximately $72,000. 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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