Calamos Advisors LLC Makes New $421,000 Investment in Latham Group, Inc. (NASDAQ:SWIM)

Calamos Advisors LLC purchased a new position in shares of Latham Group, Inc. (NASDAQ:SWIM) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 60,528 shares of the company’s stock, valued at approximately $421,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Principal Financial Group Inc. acquired a new position in Latham Group during the 3rd quarter worth $697,000. Barclays PLC lifted its position in Latham Group by 294.8% during the 3rd quarter. Barclays PLC now owns 54,720 shares of the company’s stock valued at $372,000 after purchasing an additional 40,860 shares during the period. ABS Direct Equity Fund LLC lifted its position in Latham Group by 33.3% during the 4th quarter. ABS Direct Equity Fund LLC now owns 200,000 shares of the company’s stock valued at $1,392,000 after purchasing an additional 50,000 shares during the period. Thrivent Financial for Lutherans acquired a new position in Latham Group during the 3rd quarter valued at about $635,000. Finally, Geode Capital Management LLC lifted its position in Latham Group by 2.1% during the 3rd quarter. Geode Capital Management LLC now owns 971,731 shares of the company’s stock valued at $6,609,000 after purchasing an additional 20,209 shares during the period. Institutional investors and hedge funds own 83.95% of the company’s stock.

Insider Transactions at Latham Group

In other Latham Group news, CEO Scott Michael Rajeski sold 22,191 shares of the firm’s stock in a transaction that occurred on 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 in the company, valued at approximately $4,010,113.86. This trade represents a 4.41 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, COO Sanjeev Bahl sold 11,750 shares of the firm’s stock in a transaction that occurred on Monday, November 11th. The stock was sold at an average price of $5.90, for a total transaction of $69,325.00. Following the sale, the chief operating officer now owns 262,811 shares in the company, valued at $1,550,584.90. This trade represents a 4.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 7.60% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

SWIM has been the topic of several analyst reports. Stifel Nicolaus increased their price objective 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. Robert W. Baird increased their price target on Latham Group from $5.50 to $7.50 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. The Goldman Sachs Group increased 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. Finally, Craig Hallum initiated coverage on Latham Group in a research note on Monday, December 9th. They issued a “buy” rating and a $10.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Latham Group presently has a consensus rating of “Hold” and an average price target of $6.65.

Latham Group Stock Performance

Shares of Latham Group stock opened at $7.07 on Thursday. The company has a market capitalization of $817.43 million, a PE ratio of 78.56 and a beta of 1.81. Latham Group, Inc. has a 12 month low of $2.35 and a 12 month high of $8.41. 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 stock’s fifty day simple moving average is $6.97 and its 200 day simple moving average is $6.27.

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.