Two Sigma Advisers LP Acquires Shares of 17,500 Leslie’s, Inc. (NASDAQ:LESL)

Two Sigma Advisers LP bought a new stake in Leslie’s, Inc. (NASDAQ:LESL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 17,500 shares of the company’s stock, valued at approximately $39,000.

Other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Leslie’s during the 4th quarter valued at about $1,807,000. Principal Financial Group Inc. boosted its position in shares of Leslie’s by 3.2% during the fourth quarter. Principal Financial Group Inc. now owns 900,877 shares of the company’s stock valued at $2,009,000 after buying an additional 27,615 shares during the period. Geode Capital Management LLC boosted its position in shares of Leslie’s by 2.2% during the fourth quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company’s stock valued at $9,428,000 after buying an additional 91,898 shares during the period. Prescott Group Capital Management L.L.C. grew its stake in shares of Leslie’s by 587.5% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 550,000 shares of the company’s stock valued at $1,226,000 after buying an additional 470,000 shares during the last quarter. Finally, Amundi raised its holdings in shares of Leslie’s by 166.5% in the fourth quarter. Amundi now owns 104,256 shares of the company’s stock worth $227,000 after buying an additional 65,132 shares during the period.

Leslie’s Price Performance

Shares of Leslie’s stock opened at $0.71 on Monday. The stock has a market cap of $131.35 million, a price-to-earnings ratio of -4.72 and a beta of 1.42. The firm’s 50-day moving average is $0.70 and its two-hundred day moving average is $1.42. Leslie’s, Inc. has a 1 year low of $0.51 and a 1 year high of $5.54.

Wall Street Analyst Weigh In

LESL has been the subject of a number of recent analyst reports. Telsey Advisory Group dropped their price objective on Leslie’s from $3.00 to $1.25 and set a “market perform” rating for the company in a report on Friday, May 9th. Loop Capital lowered their target price on shares of Leslie’s from $4.00 to $1.00 and set a “hold” rating for the company in a research note on Friday, May 9th. Morgan Stanley cut their price target on shares of Leslie’s from $3.00 to $1.50 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. The Goldman Sachs Group reduced their price target on shares of Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 11th. Finally, Stifel Nicolaus raised shares of Leslie’s from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the stock. According to data from MarketBeat, Leslie’s has a consensus rating of “Hold” and a consensus price target of $2.27.

About Leslie’s

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.