Cubist Systematic Strategies LLC Raises Stock Holdings in Leslie's, Inc. (NASDAQ:LESL)

Cubist Systematic Strategies LLC lifted its stake in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) by 52.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,937,020 shares of the company's stock after buying an additional 668,738 shares during the quarter. Cubist Systematic Strategies LLC owned approximately 1.05% of Leslie's worth $4,320,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Raymond James Financial Inc. acquired a new position in shares of Leslie's during the fourth quarter worth about $1,807,000. Lind Value II ApS purchased a new stake in shares of Leslie's during the 4th quarter worth $10,258,000. Principal Financial Group Inc. lifted its position in shares of Leslie's by 3.2% during the 4th quarter. Principal Financial Group Inc. now owns 900,877 shares of the company's stock worth $2,009,000 after purchasing an additional 27,615 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of Leslie's by 142.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 586,926 shares of the company's stock worth $1,855,000 after purchasing an additional 344,873 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position 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 purchasing an additional 91,898 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on LESL. The Goldman Sachs Group decreased their price objective on shares of Leslie's from $4.00 to $3.00 and set a "neutral" rating for the company in a research report on Tuesday, February 11th. Loop Capital decreased their price objective on shares of Leslie's from $4.00 to $1.00 and set a "hold" rating for the company in a research report on Friday, May 9th. Stifel Nicolaus raised shares of Leslie's from a "sell" rating to a "hold" rating in a research report on Friday, April 25th. Bank of America cut shares of Leslie's from a "buy" rating to an "underperform" rating and reduced their price target for the company from $2.65 to $1.40 in a research report on Tuesday, February 18th. Finally, Morgan Stanley reduced their price target 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. One equities research analyst has rated the stock with a sell rating and eleven have issued a hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $2.27.

Leslie's Price Performance

Leslie's stock traded down $0.06 during trading hours on Thursday, hitting $0.82. The stock had a trading volume of 862,951 shares, compared to its average volume of 5,388,077. Leslie's, Inc. has a 1-year low of $0.51 and a 1-year high of $6.01. The stock has a market capitalization of $151.68 million, a price-to-earnings ratio of -5.46 and a beta of 1.32. The stock's fifty day moving average is $0.71 and its two-hundred day moving average is $1.69.

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.