Leslie’s, Inc. (NASDAQ:LESL) Shares Sold by HighTower Advisors LLC

HighTower Advisors LLC lessened its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 76.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,190 shares of the company’s stock after selling 133,409 shares during the period. HighTower Advisors LLC’s holdings in Leslie’s were worth $90,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in LESL. IHT Wealth Management LLC raised its position in Leslie’s by 52.6% in the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock valued at $51,000 after purchasing an additional 5,776 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of Leslie’s by 92.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 21,588 shares of the company’s stock valued at $48,000 after buying an additional 10,396 shares in the last quarter. FMR LLC raised its holdings in shares of Leslie’s by 334.4% during the 3rd quarter. FMR LLC now owns 26,714 shares of the company’s stock valued at $84,000 after buying an additional 20,564 shares during the period. Quadrature Capital Ltd acquired a new position in Leslie’s during the 3rd quarter worth approximately $117,000. Finally, Intech Investment Management LLC purchased a new position in Leslie’s in the 3rd quarter worth approximately $144,000.

Leslie’s Trading Up 11.2 %

Shares of NASDAQ LESL opened at $0.67 on Friday. The business has a 50 day simple moving average of $1.26 and a 200-day simple moving average of $2.13. Leslie’s, Inc. has a twelve month low of $0.55 and a twelve month high of $6.02. The company has a market capitalization of $123.90 million, a price-to-earnings ratio of -4.46 and a beta of 1.30.

Leslie’s (NASDAQ:LESL) last released its earnings results on Thursday, February 6th. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate 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%.

Analyst Ratings Changes

A number of analysts have recently issued reports on LESL shares. Morgan Stanley dropped their price objective on shares of Leslie’s from $3.00 to $1.50 and set an “equal weight” rating on the stock in a research note on Monday, March 3rd. Stifel Nicolaus decreased their price objective on shares of Leslie’s from $1.90 to $1.55 and set a “sell” rating for the company in a research report on Friday, February 7th. Robert W. Baird set a $3.00 target price on Leslie’s in a research note on Tuesday, February 4th. Bank of America cut Leslie’s from a “buy” rating to an “underperform” rating and cut their price target for the stock from $2.65 to $1.40 in a research note on Tuesday, February 18th. Finally, Guggenheim restated a “neutral” rating on shares of Leslie’s in a research note on Friday, February 7th. Two investment analysts have rated the stock with a sell rating and ten have issued a hold rating to the company. Based on data from MarketBeat, Leslie’s presently has an average rating of “Hold” and a consensus target price of $2.65.

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.