Leslie's, Inc. (NASDAQ:LESL) is Lind Value II ApS's 6th Largest Position

Lind Value II ApS increased its position in Leslie's, Inc. (NASDAQ:LESL - Free Report) by 97.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,092,401 shares of the company's stock after purchasing an additional 4,492,185 shares during the period. Leslie's makes up 3.0% of Lind Value II ApS's investment portfolio, making the stock its 6th largest holding. Lind Value II ApS owned about 4.91% of Leslie's worth $6,687,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of LESL. Ariel Investments LLC lifted its stake in Leslie's by 8.5% during the 4th quarter. Ariel Investments LLC now owns 50,527,789 shares of the company's stock valued at $112,677,000 after acquiring an additional 3,975,268 shares in the last quarter. Renaissance Technologies LLC lifted its stake in Leslie's by 340.4% during the 4th quarter. Renaissance Technologies LLC now owns 3,436,095 shares of the company's stock valued at $7,662,000 after acquiring an additional 2,655,795 shares in the last quarter. CenterBook Partners LP bought a new position in Leslie's during the 4th quarter valued at $5,838,000. BNP Paribas Financial Markets bought a new position in Leslie's during the 4th quarter valued at $2,774,000. Finally, Raymond James Financial Inc. bought a new position in Leslie's during the 4th quarter valued at $1,807,000.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LESL. Bank of America cut Leslie's from a "buy" rating to an "underperform" rating and dropped their price objective for the company from $2.65 to $1.40 in a research note on Tuesday, February 18th. Guggenheim restated a "neutral" rating on shares of Leslie's in a research note on Friday, February 7th. Loop Capital lowered their target price on 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 lowered their target price on Leslie's from $3.00 to $1.25 and set a "market perform" rating on the stock in a research note on Friday, May 9th. Finally, Stifel Nicolaus upgraded Leslie's from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating and eleven have given a hold rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $2.27.

Leslie's Stock Up 2.3%

LESL traded up $0.02 during trading hours on Friday, hitting $0.77. The stock had a trading volume of 2,160,570 shares, compared to its average volume of 5,357,859. The company's fifty day simple moving average is $0.70 and its 200 day simple moving average is $1.50. Leslie's, Inc. has a 1 year low of $0.51 and a 1 year high of $6.01. The stock has a market cap of $142.85 million, a PE ratio of -5.14 and a beta of 1.32.

Leslie's Company 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.