Quantbot Technologies LP Takes Position in Leslie’s, Inc. (NASDAQ:LESL)

Quantbot Technologies LP purchased a new position in shares of Leslie’s, Inc. (NASDAQ:LESL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 124,476 shares of the company’s stock, valued at approximately $278,000. Quantbot Technologies LP owned approximately 0.07% of Leslie’s as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Maryland State Retirement & Pension System purchased a new stake in shares of Leslie’s during the fourth quarter valued at approximately $138,000. Primecap Management Co. CA increased its stake in Leslie’s by 29.1% during the 4th quarter. Primecap Management Co. CA now owns 1,260,900 shares of the company’s stock worth $2,812,000 after buying an additional 284,100 shares during the period. Cibc World Markets Corp purchased a new stake in Leslie’s during the 4th quarter worth $38,000. Gitterman Wealth Management LLC acquired a new position in Leslie’s in the 4th quarter worth $41,000. Finally, Amundi boosted its position in Leslie’s by 166.5% in the 4th quarter. Amundi now owns 104,256 shares of the company’s stock valued at $227,000 after buying an additional 65,132 shares during the last quarter.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Mizuho dropped their target price on Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Monday, January 6th. Morgan Stanley dropped their price objective on Leslie’s from $3.00 to $1.50 and set an “equal weight” rating on the stock in a report on Monday, March 3rd. Telsey Advisory Group reiterated a “market perform” rating and set a $3.00 target price on shares of Leslie’s in a research note on Tuesday, March 18th. Bank of America lowered shares of Leslie’s from a “buy” rating to an “underperform” rating and dropped their price target for the stock from $2.65 to $1.40 in a research note on Tuesday, February 18th. Finally, The Goldman Sachs Group reduced their price objective 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. Two research analysts have rated the stock with a sell rating and ten have given a hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $2.65.

Leslie’s Price Performance

LESL stock opened at $0.83 on Friday. The firm has a market cap of $153.15 million, a price-to-earnings ratio of -5.51 and a beta of 1.20. Leslie’s, Inc. has a 1-year low of $0.75 and a 1-year high of $6.64. The firm has a fifty day moving average price of $1.41 and a two-hundred day moving average price of $2.20.

Leslie’s (NASDAQ:LESL) last announced its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.02). Leslie’s had a negative net margin of 2.13% and a negative return on equity of 6.11%.

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.