Cwm LLC Purchases 43,158 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Cwm LLC increased its stake in Leslie’s, Inc. (NASDAQ:LESL) by 1,149.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 46,914 shares of the company’s stock after purchasing an additional 43,158 shares during the quarter. Cwm LLC’s holdings in Leslie’s were worth $35,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Leslie’s by 13.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 461,502 shares of the company’s stock worth $1,029,000 after buying an additional 55,701 shares in the last quarter. Raymond James Financial Inc. bought a new position in Leslie’s in the fourth quarter worth about $1,807,000. Geode Capital Management LLC raised its stake in Leslie’s by 2.2% in the fourth quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company’s stock worth $9,428,000 after buying an additional 91,898 shares in the last quarter. Two Sigma Investments LP raised its stake in Leslie’s by 297.7% in the fourth quarter. Two Sigma Investments LP now owns 474,875 shares of the company’s stock worth $1,059,000 after buying an additional 355,474 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in Leslie’s in the fourth quarter worth about $39,000.

Leslie’s Price Performance

Shares of LESL stock opened at $0.35 on Tuesday. The firm’s 50-day simple moving average is $0.53 and its 200-day simple moving average is $0.88. The firm has a market cap of $65.29 million, a P/E ratio of -1.47 and a beta of 1.27. Leslie’s, Inc. has a 1-year low of $0.35 and a 1-year high of $3.63.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on LESL shares. Wall Street Zen upgraded shares of Leslie’s to a “sell” rating in a report on Saturday, July 26th. Telsey Advisory Group decreased their price objective on shares of Leslie’s from $1.25 to $0.75 and set a “market perform” rating on the stock in a research report on Tuesday, July 29th. Stifel Nicolaus upgraded shares of Leslie’s from a “sell” rating to a “hold” rating in a research report on Friday, April 25th. Loop Capital cut 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. Finally, Mizuho dropped their price objective on shares of Leslie’s from $3.00 to $1.00 and set a “neutral” rating for the company in a research note on Thursday, July 3rd. Two equities research analysts have rated the stock with a sell rating and nine have given a hold rating to the company. According to MarketBeat.com, Leslie’s presently has a consensus rating of “Hold” and an average price target of $1.65.

Leslie’s 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.