Natixis Advisors LLC Reduces Stock Position in Leslie’s, Inc. (NASDAQ:LESL)

Natixis Advisors LLC reduced its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 92.9% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 127,349 shares of the company’s stock after selling 1,657,967 shares during the period. Natixis Advisors LLC owned approximately 0.07% of Leslie’s worth $402,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Private Management Group Inc. grew its stake in shares of Leslie’s by 93.8% in the 2nd quarter. Private Management Group Inc. now owns 2,516,739 shares of the company’s stock worth $10,545,000 after buying an additional 1,218,047 shares in the last quarter. Ariel Investments LLC lifted its holdings in shares of Leslie’s by 46.5% in the 2nd quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock worth $153,360,000 after acquiring an additional 11,618,490 shares during the last quarter. Allspring Global Investments Holdings LLC lifted its holdings in shares of Leslie’s by 13.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company’s stock worth $9,093,000 after acquiring an additional 345,064 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Leslie’s by 24.3% in the 2nd quarter. Raymond James & Associates now owns 2,096,631 shares of the company’s stock worth $8,785,000 after acquiring an additional 410,128 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its holdings in shares of Leslie’s by 861.9% in the 2nd quarter. WINTON GROUP Ltd now owns 217,842 shares of the company’s stock worth $913,000 after acquiring an additional 195,194 shares during the last quarter.

Leslie’s Trading Up 1.2 %

Shares of NASDAQ LESL opened at $2.48 on Friday. The company has a 50 day simple moving average of $2.85 and a two-hundred day simple moving average of $3.47. Leslie’s, Inc. has a 12 month low of $2.31 and a 12 month high of $8.21. The stock has a market cap of $458.58 million, a price-to-earnings ratio of -20.67, a PEG ratio of 2.37 and a beta of 1.19.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on LESL shares. William Blair reiterated a “market perform” rating on shares of Leslie’s in a report on Tuesday. Mizuho cut their price objective on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a research report on Tuesday, August 6th. Telsey Advisory Group cut their price objective on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating on the stock in a research report on Tuesday. Finally, Robert W. Baird dropped their target price on shares of Leslie’s from $4.00 to $3.50 and set a “neutral” rating on the stock in a research report on Tuesday. One analyst has rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the company. According to data from MarketBeat, Leslie’s presently has a consensus rating of “Hold” and an average target price of $3.89.

Leslie’s Company Profile

Leslie’s, Inc operates as a direct-to-consumer pool and spa care brand in the United States. The company markets and sells pool and spa supplies and related products and services. It also offers various pool and spa maintenance items, such as chemicals, equipment and parts, cleaning and maintenance equipment, safety, recreational, and fitness related products.