Lind Value II ApS Has $2.50 Million Stock Holdings in Leslie’s, Inc. $LESL

Lind Value II ApS cut its holdings in shares of Leslie’s, Inc. (NASDAQ:LESL) by 95.0% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 454,620 shares of the company’s stock after selling 8,637,781 shares during the period. Leslie’s comprises approximately 0.9% of Lind Value II ApS’s holdings, making the stock its 10th largest holding. Lind Value II ApS’s holdings in Leslie’s were worth $2,500,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of LESL. Jacobs Levy Equity Management Inc. bought a new position in Leslie’s in the 1st quarter valued at $1,543,000. Nuveen LLC bought a new stake in shares of Leslie’s during the first quarter worth $320,000. Ariel Investments LLC increased its stake in shares of Leslie’s by 15.1% in the first quarter. Ariel Investments LLC now owns 58,177,415 shares of the company’s stock valued at $42,789,000 after buying an additional 7,649,626 shares in the last quarter. Contrarian Capital Management L.L.C. bought a new position in shares of Leslie’s in the first quarter valued at about $652,000. Finally, Graham Capital Management L.P. lifted its position in Leslie’s by 701.5% during the 1st quarter. Graham Capital Management L.P. now owns 1,373,990 shares of the company’s stock worth $1,011,000 after buying an additional 1,202,568 shares in the last quarter.

Leslie’s Stock Performance

Shares of LESL stock opened at $1.65 on Wednesday. The firm’s 50 day moving average price is $3.08 and its two-hundred day moving average price is $6.21. Leslie’s, Inc. has a 52-week low of $1.64 and a 52-week high of $48.60. The stock has a market cap of $15.33 million, a PE ratio of -0.06 and a beta of 1.32.

Analyst Ratings Changes

Several research firms have weighed in on LESL. Zacks Research upgraded shares of Leslie’s from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 2nd. Wall Street Zen raised shares of Leslie’s from a “sell” rating to a “hold” rating in a report on Saturday. Mizuho set a $5.00 price objective on Leslie’s in a report on Thursday, October 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Leslie’s in a research report on Wednesday, October 8th. Finally, Telsey Advisory Group restated a “market perform” rating and set a $3.00 target price on shares of Leslie’s in a research report on Friday, November 28th. Nine research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average price target of $23.81.

About Leslie’s

Leslie’s, Inc (NASDAQ: LESL) is the largest direct-to-consumer retailer of swimming pool supplies and related equipment in the United States. Through a network of more than 900 company-operated stores and a robust e-commerce platform, the company offers a comprehensive range of pool chemicals, cleaning tools, pumps, filters, heaters and pool accessories. In addition to product retailing, Leslie’s provides in-store and in-home water testing services, equipment installation, repair and ongoing maintenance programs designed to support both residential and commercial pool owners.

Founded in 1963 in North Miami Beach, Florida, Leslie’s has grown from a single neighborhood pool-supply shop into a national specialty retailer.