652,200 Shares in Leslie’s, Inc. (NASDAQ:LESL) Purchased by Shay Capital LLC

Shay Capital LLC bought a new stake in Leslie’s, Inc. (NASDAQ:LESL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 652,200 shares of the company’s stock, valued at approximately $1,454,000. Shay Capital LLC owned 0.35% of Leslie’s at the end of the most recent quarter.

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

Leslie’s Stock Down 3.5%

Shares of NASDAQ:LESL opened at $0.85 on Friday. The company has a 50 day moving average of $0.70 and a two-hundred day moving average of $1.67. Leslie’s, Inc. has a 52-week low of $0.51 and a 52-week high of $6.01. The company has a market capitalization of $157.87 million, a price-to-earnings ratio of -5.68 and a beta of 1.32.

Analysts Set New Price Targets

Several equities analysts have weighed in on LESL shares. Guggenheim reissued a “neutral” rating on shares of Leslie’s in a research report on Friday, February 7th. Loop Capital lowered their price objective on 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 upgraded shares of Leslie’s from a “sell” rating to a “hold” rating in a report on Friday, April 25th. Morgan Stanley lowered 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 note on Monday, March 3rd. Finally, The Goldman Sachs Group cut their target price on Leslie’s from $4.00 to $3.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 11th. One investment analyst has rated the stock with a sell rating and eleven have assigned a hold rating to the company. According to MarketBeat, Leslie’s presently has a consensus rating of “Hold” and an average price target of $2.27.

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.