Leslie's, Inc. (NASDAQ:LESL) Shares Purchased by Private Management Group Inc.

Key Points

• Private Management Group Inc. increased their stake in Leslie's, Inc. by 14.2%, owning 5,702,823 shares valued at approximately $4.19 million as of the latest quarter.
• Leslie's, Inc. currently has a market cap of $110.53 million, with a 50-day moving average of $0.58 and a 200-day moving average of $0.97, showing a significant decline from its one-year high of $3.63.
• Investment analysts have mixed ratings on Leslie's stock, with two sell ratings and nine hold ratings, and an average price target of $1.71.

Private Management Group Inc. grew its position in Leslie's, Inc. (NASDAQ:LESL - Free Report) by 14.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,702,823 shares of the company's stock after acquiring an additional 709,664 shares during the quarter. Private Management Group Inc. owned about 3.08% of Leslie's worth $4,194,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. acquired a new stake in shares of Leslie's in the fourth quarter valued at approximately $1,807,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Leslie's by 13.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 461,502 shares of the company's stock worth $1,029,000 after purchasing an additional 55,701 shares during the period. Geode Capital Management LLC raised its stake in shares of Leslie's by 2.2% during the 4th quarter. Geode Capital Management LLC now owns 4,226,600 shares of the company's stock worth $9,428,000 after buying an additional 91,898 shares in the last quarter. Two Sigma Investments LP raised its stake in shares of Leslie's by 297.7% during the 4th quarter. Two Sigma Investments LP now owns 474,875 shares of the company's stock worth $1,059,000 after buying an additional 355,474 shares in the last quarter. Finally, Two Sigma Advisers LP purchased a new stake in shares of Leslie's during the 4th quarter worth $39,000.

Analyst Ratings Changes

LESL has been the topic of a number of recent analyst reports. Stifel Nicolaus raised shares of Leslie's from a "sell" rating to a "hold" rating in a research note on Friday, April 25th. Loop Capital lowered their price target 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. Mizuho lowered their price target 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. Wall Street Zen raised Leslie's to a "sell" rating in a research note on Saturday. Finally, Telsey Advisory Group cut their price target on Leslie's from $1.25 to $0.75 and set a "market perform" rating for the company in a research note on Tuesday. Two research analysts have rated the stock with a sell rating and nine have issued a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $1.65.

Leslie's Price Performance

Leslie's stock traded down $0.01 during mid-day trading on Wednesday, hitting $0.41. 1,859,626 shares of the company were exchanged, compared to its average volume of 5,102,768. The business's 50 day simple moving average is $0.57 and its two-hundred day simple moving average is $0.94. Leslie's, Inc. has a 12-month low of $0.38 and a 12-month high of $3.63. The company has a market capitalization of $75.35 million, a P/E ratio of -1.69 and a beta of 1.28.

About Leslie's

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.