Charles Schwab Investment Management Inc. Trims Stock Position in Leslie’s, Inc. $LESL

Charles Schwab Investment Management Inc. lessened its stake in shares of Leslie’s, Inc. (NASDAQ:LESL) by 10.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,526,639 shares of the company’s stock after selling 173,222 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.82% of Leslie’s worth $1,123,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Lind Value II ApS raised its position in Leslie’s by 97.7% in the 1st quarter. Lind Value II ApS now owns 9,092,401 shares of the company’s stock valued at $6,687,000 after purchasing an additional 4,492,185 shares during the last quarter. Private Management Group Inc. grew its stake in shares of Leslie’s by 14.2% during the 1st quarter. Private Management Group Inc. now owns 5,702,823 shares of the company’s stock worth $4,194,000 after purchasing an additional 709,664 shares during the period. Northern Trust Corp grew its stake in shares of Leslie’s by 0.4% during the 4th quarter. Northern Trust Corp now owns 2,092,559 shares of the company’s stock worth $4,666,000 after purchasing an additional 7,417 shares during the period. Cubist Systematic Strategies LLC grew its stake in shares of Leslie’s by 52.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 1,937,020 shares of the company’s stock worth $4,320,000 after purchasing an additional 668,738 shares during the period. Finally, Primecap Management Co. CA grew its stake in Leslie’s by 4.0% in the 1st quarter. Primecap Management Co. CA now owns 1,311,130 shares of the company’s stock valued at $964,000 after acquiring an additional 50,230 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on LESL shares. Loop Capital lowered their price objective on shares of Leslie’s from $4.00 to $1.00 and set a “hold” rating on the stock in a research note on Friday, May 9th. Telsey Advisory Group reissued a “market perform” rating and issued a $0.35 price objective on shares of Leslie’s in a research note on Friday, August 22nd. Wall Street Zen raised shares of Leslie’s to a “sell” rating in a research note on Saturday, July 26th. Finally, Mizuho lowered their price objective on shares of Leslie’s from $3.00 to $1.00 and set a “neutral” rating on the stock in a research note on Thursday, July 3rd. Nine analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Leslie’s presently has an average rating of “Reduce” and an average target price of $1.60.

Leslie’s Trading Down 3.9%

NASDAQ:LESL opened at $0.33 on Tuesday. The firm has a market cap of $61.68 million, a price-to-earnings ratio of -0.74 and a beta of 1.27. Leslie’s, Inc. has a 12-month low of $0.27 and a 12-month high of $3.63. The company’s 50-day moving average is $0.40 and its two-hundred day moving average is $0.65.

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.