CenterBook Partners LP Purchases Shares of 2,618,063 Leslie's, Inc. (NASDAQ:LESL)

CenterBook Partners LP acquired a new stake in shares of Leslie's, Inc. (NASDAQ:LESL - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 2,618,063 shares of the company's stock, valued at approximately $5,838,000. CenterBook Partners LP owned about 1.41% of Leslie's as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Raymond James Financial Inc. purchased a new stake in shares of Leslie's during the fourth quarter valued at $1,807,000. ELCO Management Co. LLC purchased a new stake in Leslie's during the fourth quarter valued at about $339,000. Renaissance Technologies LLC boosted its holdings in shares of Leslie's by 340.4% in the fourth quarter. Renaissance Technologies LLC now owns 3,436,095 shares of the company's stock worth $7,662,000 after buying an additional 2,655,795 shares during the period. Invesco Ltd. increased its position in shares of Leslie's by 67.6% in the fourth quarter. Invesco Ltd. now owns 1,550,254 shares of the company's stock worth $3,457,000 after acquiring an additional 625,080 shares in the last quarter. Finally, Aristides Capital LLC acquired a new stake in shares of Leslie's during the fourth quarter valued at approximately $192,000.

Leslie's Stock Down 4.6 %

LESL stock traded down $0.03 during trading hours on Monday, hitting $0.57. The company's stock had a trading volume of 839,641 shares, compared to its average volume of 5,669,441. The stock has a 50 day moving average price of $1.06 and a two-hundred day moving average price of $2.01. Leslie's, Inc. has a 12 month low of $0.54 and a 12 month high of $6.02. The company has a market capitalization of $105.13 million, a PE ratio of -3.78 and a beta of 1.30.

Leslie's (NASDAQ:LESL - Get Free Report) last issued its quarterly earnings data on Thursday, February 6th. The company reported ($0.23) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.21) by ($0.02). Leslie's had a negative return on equity of 6.11% and a negative net margin of 2.13%.

Wall Street Analyst Weigh In

Several research firms have weighed in on LESL. Stifel Nicolaus lowered their price objective on shares of Leslie's from $1.90 to $1.55 and set a "sell" rating on the stock in a research report on Friday, February 7th. Mizuho reduced their price objective on Leslie's from $4.00 to $3.00 and set a "neutral" rating for the company in a research note on Monday, January 6th. Guggenheim restated a "neutral" rating on shares of Leslie's in a research report on Friday, February 7th. Telsey Advisory Group reiterated a "market perform" rating and issued a $3.00 target price on shares of Leslie's in a report on Tuesday, March 18th. Finally, Morgan Stanley decreased 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 report on Monday, March 3rd. Two analysts have rated the stock with a sell rating and ten have issued a hold rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $2.65.

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.