Massachusetts Financial Services Co. MA Sells 4,052 Shares of Leslie’s, Inc. (NASDAQ:LESL)

Massachusetts Financial Services Co. MA lowered its stake in shares of Leslie’s, Inc. (NASDAQ:LESL) by 2.4% during the third quarter, Holdings Channel reports. The fund owned 167,414 shares of the company’s stock after selling 4,052 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Leslie’s were worth $529,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Private Management Group Inc. grew its stake in shares of Leslie’s by 93.8% during the second quarter. Private Management Group Inc. now owns 2,516,739 shares of the company’s stock valued at $10,545,000 after purchasing an additional 1,218,047 shares during the last quarter. Ariel Investments LLC boosted its position in Leslie’s by 46.5% in the 2nd quarter. Ariel Investments LLC now owns 36,601,368 shares of the company’s stock valued at $153,360,000 after buying an additional 11,618,490 shares during the last quarter. Allspring Global Investments Holdings LLC increased its stake in shares of Leslie’s by 13.6% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 2,877,390 shares of the company’s stock valued at $9,093,000 after buying an additional 345,064 shares during the period. Raymond James & Associates raised its position in shares of Leslie’s by 24.3% during the second quarter. Raymond James & Associates now owns 2,096,631 shares of the company’s stock worth $8,785,000 after acquiring an additional 410,128 shares during the last quarter. Finally, WINTON GROUP Ltd lifted its stake in shares of Leslie’s by 861.9% during the second quarter. WINTON GROUP Ltd now owns 217,842 shares of the company’s stock valued at $913,000 after acquiring an additional 195,194 shares during the period.

Leslie’s Price Performance

NASDAQ LESL opened at $2.48 on Thursday. Leslie’s, Inc. has a one year low of $2.31 and a one year high of $8.21. The firm has a market cap of $458.58 million, a P/E ratio of -20.92, a P/E/G ratio of 2.37 and a beta of 1.19. The stock’s 50-day moving average is $2.85 and its 200-day moving average is $3.48.

Analysts Set New Price Targets

A number of analysts recently commented on LESL shares. Robert W. Baird dropped their price objective on Leslie’s from $4.00 to $3.50 and set a “neutral” rating for the company in a report on Tuesday. Mizuho cut their price objective on shares of Leslie’s from $6.00 to $4.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Telsey Advisory Group lowered their target price on shares of Leslie’s from $4.00 to $3.75 and set a “market perform” rating for the company in a report on Tuesday. Finally, William Blair reissued a “market perform” rating on shares of Leslie’s in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, Leslie’s presently has an average rating of “Hold” and an average target price of $3.89.

Leslie’s 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.