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

Lind Value II ApS trimmed its holdings in Leslie’s, Inc. (NASDAQ:LESL) by 95.0% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 454,620 shares of the company’s stock after selling 8,637,781 shares during the quarter. Leslie’s accounts for 0.9% of Lind Value II ApS’s portfolio, making the stock its 10th largest holding. Lind Value II ApS owned approximately 4.90% of Leslie’s worth $2,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Jacobs Levy Equity Management Inc. acquired a new position in Leslie’s during the 1st quarter valued at $1,543,000. Nuveen LLC bought a new position in shares of Leslie’s during the 1st quarter worth about $320,000. Ariel Investments LLC raised its position in shares of Leslie’s by 15.1% during 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 during the last quarter. Contrarian Capital Management L.L.C. bought a new stake in shares of Leslie’s in the first quarter valued at about $652,000. Finally, Graham Capital Management L.P. grew its position in Leslie’s by 701.5% during the first 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 Price Performance

Leslie’s stock opened at $1.65 on Wednesday. The firm has a market capitalization of $15.33 million, a P/E ratio of -0.06 and a beta of 1.32. The stock has a fifty day moving average price of $3.08 and a two-hundred day moving average price of $6.21. Leslie’s, Inc. has a 52-week low of $1.64 and a 52-week high of $48.60.

Analyst Ratings Changes

Several equities analysts have commented on LESL shares. Wall Street Zen raised Leslie’s from a “sell” rating to a “hold” rating in a report on Saturday. Jefferies Financial Group set a $3.75 target price on Leslie’s and gave the stock a “hold” rating in a research report on Wednesday, December 3rd. Zacks Research raised shares of Leslie’s from a “strong sell” rating to a “hold” rating in a report on Thursday, October 2nd. Telsey Advisory Group restated a “market perform” rating and issued a $3.00 price objective on shares of Leslie’s in a research note on Friday, November 28th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Leslie’s in a research report on Wednesday, October 8th. Nine investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, Leslie’s presently has a consensus rating of “Reduce” and a consensus target price of $23.81.

Leslie’s Company Profile

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.