Quantbot Technologies LP Buys Shares of 124,476 Leslie’s, Inc. (NASDAQ:LESL)

Quantbot Technologies LP purchased a new stake in Leslie’s, Inc. (NASDAQ:LESL) during the 4th quarter, Holdings Channel reports. The firm purchased 124,476 shares of the company’s stock, valued at approximately $278,000.

A number of other hedge funds also recently made changes to their positions in the business. IHT Wealth Management LLC lifted its holdings in Leslie’s by 52.6% in the third quarter. IHT Wealth Management LLC now owns 16,760 shares of the company’s stock worth $51,000 after purchasing an additional 5,776 shares during the period. Cibc World Markets Corp bought a new stake in shares of Leslie’s during the 4th quarter worth about $38,000. Gitterman Wealth Management LLC acquired a new stake in shares of Leslie’s in the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. boosted its holdings 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 acquiring an additional 10,396 shares in the last quarter. Finally, FMR LLC increased its stake in shares of Leslie’s by 334.4% during the third quarter. FMR LLC now owns 26,714 shares of the company’s stock valued at $84,000 after acquiring an additional 20,564 shares during the period.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America lowered Leslie’s from a “buy” rating to an “underperform” rating and decreased their price target for the company from $2.65 to $1.40 in a research note on Tuesday, February 18th. Guggenheim reaffirmed a “neutral” rating on shares of Leslie’s in a research note on Friday, February 7th. Mizuho dropped 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 report on Monday, January 6th. Morgan Stanley reduced their price objective on shares of Leslie’s from $3.00 to $1.50 and set an “equal weight” rating for the company in a research report on Monday, March 3rd. Finally, Robert W. Baird set a $3.00 target price on shares of Leslie’s in a report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating and ten have assigned a hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $2.65.

Leslie’s Price Performance

Shares of LESL opened at $0.83 on Friday. The company has a 50-day moving average of $1.41 and a two-hundred day moving average of $2.20. The stock 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 one year low of $0.75 and a one year high of $6.64.

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

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.